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§ 1103E. Death benefit

Oklahoma Statutes AnnotatedTitle 20. Courts

Oklahoma Statutes Annotated
Title 20. Courts (Refs & Annos)
Chapter 16. Uniform Retirement System for Justices and Judges (Refs & Annos)
20 Okl.St.Ann. § 1103E
§ 1103E. Death benefit
Upon the death of a retired member, the Uniform Retirement System for Justices and Judges shall pay to the beneficiary of the member or if there is no beneficiary or if the beneficiary predeceases the member, to the estate of the member, the sum of Four Thousand Dollars ($4,000.00) as a death benefit for those retired members who died prior to July 1, 1999. For those retired members who die on or after July 1, 1999, the sum shall be Five Thousand Dollars ($5,000.00). The benefit payable pursuant to this section shall be deemed, for purposes of federal income taxation, as life insurance proceeds and not as a death benefit if the Internal Revenue Service approves this provision pursuant to a private letter ruling request which shall be submitted by the board of trustees of the System for that purpose.

Credits

Laws 1987, c. 236, § 157, emerg. eff. July 20, 1987; Laws 1999, c. 167, § 4, eff. July 1, 1999; Laws 2002, c. 352, § 3, eff. July 1, 2002.
20 Okl. St. Ann. § 1103E, OK ST T. 20 § 1103E
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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