Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 10 - Public Employees Retirement System
Subchapter 15 - Limited Retirement Benefit
Section 590:10-15-5 - Tax treatment of limited benefit

Universal Citation: OK Admin Code 590:10-15-5
Current through Vol. 41, No. 13, March 15, 2024

The Board will report the Limited Benefit payments on 1099-Rs for each year in which payments are made. The entire amount of Limited Benefit payments shall be reported as taxable. The Limited Eligible Member's tax basis shall not be affected by these payments.

Added at 18 Ok Reg 548, eff 12-28-00 through 7-14-01 (emergency); Added at 18 Ok Reg 3258, eff 7-26-01

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