Okla. Admin. Code § 590:25-3-3

Current through Vol. 42, No. 8, January 2, 2025

Section 590:25-3-3 - Discontinuation and deferral change

(a) The election of the Employee to participate under this Plan and the amount of compensation to be deferred is continuous, except that the Employee may discontinue participation, change his or her deferral amount, or change the amount designated as Pre-Tax Elective Deferrals or Roth Elective Deferrals, at any time during the year by giving authenticated notice the month prior to the effective date of such change. Unless otherwise designated by the Participant, any deferrals under the Plan shall be treated as Pre-Tax Elective Deferrals.

(b) An Employee who elects to discontinue participation shall not again become eligible to participate in the Plan until one (1) month has elapsed from the Discontinuation Date, or as provided in 590:25-9-12.

(c) For purposes of this rule, authenticated notice means participant communication through the Plan's website, through the Recordkeeper's dedicated toll-free telephone service or by approved written form.

Okla. Admin. Code § 590:25-3-3

Amended at 12 Ok Reg 3249, eff 7-27-95; Amended at 18 Ok Reg 552, eff 12-28-00 through 7-14-01 (emergency); Amended at 18 Ok Reg 3266, eff 7-26-01; Amended at 20 Ok Reg 1753, eff 6-12-03; Amended at 21 Ok Reg 1766, eff 6-11-04

Amended by Oklahoma Register, Volume 36, Issue 24, September 3, 2019, eff. 9/13/2019

Amended by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/11/2023