Okla. Stat. tit. 11, § 11-49-106.4: Trustee-to-trustee transfer - Rules

A. An individual who has been designated, pursuant to Section

401(a)(9)(E) of the Internal Revenue Code of 1986, as amended, as

the beneficiary of a deceased member and who is not the surviving

spouse of the member, may elect, in accordance with Section

402(c)(11) of the Internal Revenue Code of 1986, as amended, to have

a direct trustee-to-trustee transfer of any portion of such

beneficiary's distribution from the Oklahoma Firefighters Pension

and Retirement System made only to an individual retirement account

or individual retirement annuity (other than an endowment contract)

described in Section 408(a) or (b) of the Internal Revenue Code of

1986, as amended (IRA)(including, effective for distributions after

December 18, 2015, a SIMPLE IRA but only if such contribution occurs

after the two-year period described in Section 72(t)(6) of the

Internal Revenue Code of 1986, as amended, and is made in accordance

with the Protecting Americans from Tax Hikes Act of 2015), or,

effective for distributions after December 31, 2007, to a Roth

individual retirement account or annuity described in Section 408A

of the Internal Revenue Code of 1986, as amended (Roth IRA), that is

established on behalf of such designated individual for the purpose

of receiving the distribution. If such transfer is made then:

1. For distributions made after December 31, 2006, but prior to

July 1, 2010, the transfer is treated as an eligible rollover

distribution for purposes of Section 402(c)(11) of the Internal

Revenue Code of 1986, as amended. For plan years beginning after

December 31, 2009, the transfer is treated as an eligible rollover

distribution;

2. The transferee IRA is treated as an inherited individual

retirement account or an inherited individual retirement annuity

(within the meaning of Section 408(d)(3)(C) of the Internal Revenue

Code of 1986, as amended) and must be titled in the name of the

deceased member, for the benefit of the beneficiary; and

3. The required minimum distribution rules of Section

401(a)(9)(B) (other than clause iv thereof) of the Internal Revenue

Code of 1986, as amended, apply to the transferee IRA.

B. A trust maintained for the benefit of one or more designated

beneficiaries shall be treated in the same manner as a designated

beneficiary.

C. The Oklahoma Firefighters Pension and Retirement Board shall

promulgate such rules as are necessary to implement the provisions

of this section.