Okla. Admin. Code § 590:10-17-10

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

Section 590:10-17-10 - Step-up benefits not eligible for Excess Benefit Plan

Participating members in the Step-Up shall not be permitted to participate in the Excess Benefit Plan as set forth in 590:10-21-1 et seq. adopted pursuant to 74 O.S. § 915.1 and which was approved by the Internal Revenue Service in a private letter ruling dated June 24, 2010, to the extent any excess benefit, as defined in 590:10-21-2, is attributable to the Step-Up election.

Okla. Admin. Code § 590:10-17-10

Added at 28 Ok Reg 95, eff 9-17-10 (emergency); Added at 28 Ok Reg 664, eff 5-12-11