Statutes, codes, and regulations
Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement SystemChapter 15 - Uniform Retirement System for Justices and Judges
Subchapter 3 - Excess Contributions
Section 590:15-3-4 - Limitations on transfer of excess contributions

Okla. Admin. Code § 590:15-3-4

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Current through Vol. 42, No. 8, January 2, 2025
Section 590:15-3-4 - Limitations on transfer of excess contributions
(a) The Pre-tax Excess Contributions that are transferred to the Incentive Plan may not exceed the limitations on annual additions imposed by Code Section 415(c).
(b) The Post-tax Excess Contributions that are transferred to the Incentive Plan have already been tested against the limitations imposed by Code Section 415(c) as mandatory employee contributions to a defined benefit plan and therefore will not be tested again.

Okla. Admin. Code § 590:15-3-4

Added at 23 Ok Reg 107, eff 10-3-05 (emergency); Added at 23 Ok Reg 1485, eff 5-25-06