Okla. Admin. Code § 590:25-3-5
Current through Vol. 42, No. 8, January 2, 2025
In addition to the maximum limits under 590:25-3-1, the Plan provides for a special catch-up for all employees who have attained age 50 before the close of the plan year. Such additional contributions shall be in accordance with, and subject to the limitations of Section 414(v) of the Internal Revenue Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of section 457 of the Internal Revenue Code. This catch-up may not be used in the same years the employee is using the election under 590:25-3-2.
Okla. Admin. Code § 590:25-3-5