§ 1104.2. Distribution requirements
Oklahoma Statutes AnnotatedTitle 20. CourtsEffective: July 1, 2020
Effective: July 1, 2020
20 Okl.St.Ann. § 1104.2
§ 1104.2. Distribution requirements
A. All benefits paid from the System shall be distributed in accordance with the requirements of Section 401(a)(9) of the federal Internal Revenue Code1 and the regulations under that section. In order to meet these requirements, the System shall be administered in accordance with the following provisions:
4. The amount of benefits payable to a member's beneficiary may not exceed the maximum determined under the incidental death benefit requirement of the federal Internal Revenue Code.2
Credits
Laws 1999, c. 257, § 19, eff. July 1, 1999; Laws 2020, c. 57, § 1, eff. July 1, 2020.
20 Okl. St. Ann. § 1104.2, OK ST T. 20 § 1104.2
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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