Statutes, codes, and regulations
Oklahoma Administrative Code
Title 260 - Office of Management and Enterprise ServicesChapter 40 - Employee Benefits Department
Subchapter 19 - Benefit Allowance
Section 260:40-19-3 - Costs less than the flexible benefits allowance

Okla. Admin. Code § 260:40-19-3

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Current through Vol. 42, No. 4, November 1, 2024
Section 260:40-19-3 - Costs less than the flexible benefits allowance

If a participant elects benefits whose cost is less than the participant's flexible benefits allowance, the excess flexible benefit allowance will be paid to the participant as taxable compensation. This taxable compensation shall be paid to the participant in substantially equal amounts during the participant's period of coverage.

Okla. Admin. Code § 260:40-19-3

Adopted by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014