§ 17-102.2. Tax qualification as a governmental retirement plan
Oklahoma Statutes AnnotatedTitle 70. Schools
70 Okl.St.Ann. § 17-102.2
§ 17-102.2. Tax qualification as a governmental retirement plan
The retirement system shall satisfy the applicable qualification requirements for governmental plans as specified in Sections 401 and 414(d) of the Internal Revenue Code of 1954 or 1986,1 as amended from time to time and as appropriate for a governmental plan (hereinafter referred to as the “Code”). In addition to other Code provisions otherwise noted, and in order to satisfy the applicable requirements under the Code, the retirement system shall be subject to the following provisions, notwithstanding any other provision of the retirement system law:
in a manner that discriminates in favor of members who are considered officers, supervisors, or highly compensated, as prohibited under Code Section 401(a)(4).
Credits
Laws 1994, c. 380, § 1, eff. July 1, 1994.
Footnotes
26 U.S.C.A. §§ 401 and 414(d).
70 Okl. St. Ann. § 17-102.2, OK ST T. 70 § 17-102.2
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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