Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 35 - Deferred Savings Incentive Plan
Subchapter 7 - Contributions
Section 590:35-7-1 - Employer contributions
Current through Vol. 41, No. 13, March 15, 2024
(a) The Employer shall contribute to the Trust Fund an amount referred to as an Employer Contribution. Such contribution shall be calculated as follows: in accordance with 74 O.S. § 1707, a contribution in the amount of or equivalent to Twenty-Five Dollars ($25.00) per month shall be made to the Plan on behalf of each Qualified Participant, as soon as practicable after receipt.
(b) Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with the Uniformed Services Employment and Reemployment Rights Act of 1994 ("USERRA"), the Heroes Earnings Assistance and Relief Tax Act of 2008 ("HEART"), and Section 414(u) of the Internal Revenue Code.
Added at 15 Ok Reg 793, eff 11-12-97 (emergency); Added at 15 Ok Reg 3282, eff 7-13-98; Amended at 16 Ok Reg 617, eff 12-2-98 (emergency); Amended at 16 Ok Reg 2019, eff 6-11-99; Amended at 27 Ok Reg 1049, eff 5-13-10; Amended at 29 Ok Reg 507, eff 5-11-12