Okla. Stat. tit. 11, § 11-50-110: Contributions by members of System - Picked up

contributions.

A. Each member in the Oklahoma Police Pension and Retirement

System prior to the effective date of this act shall contribute to

the System a minimum of eight percent (8%) of the member’s actual

paid base salary. On or after the effective date of this act, each

member shall contribute to the System a minimum of nine percent

(9%).

At the option of the participating municipality, the

participating municipality may pay all or any part of the member’s

required contribution. The sums contributed shall be paid online to

the System as provided in this article within ten (10) days

following the payroll period on which the contributions are based.

Amounts deducted from the salary of a member and not paid to the

System after thirty (30) days from each ending payroll date shall be

subject to a monthly late charge of five percent (5%) of the unpaid

balance to be paid by the municipality to the System. All funds

received by a participating municipality for police retirement

purposes shall be forwarded to the Oklahoma Police Pension and

Retirement Board for credit to the Oklahoma Police Pension and

Retirement Fund.

B. Each municipality shall pick up under the provisions of

Section 414(h)(2) of the Internal Revenue Code of 1986 and pay the

contribution which the member is required by law to make to the

System for all compensation earned after December 31, 1988.

Although the contributions so picked up are designated as member

contributions, such contributions shall be treated as contributions

being paid by the municipality in lieu of contributions by the

member in determining tax treatment under the Internal Revenue Code

of 1986 and such picked-up contributions shall not be includable in

the gross income of the member until such amounts are distributed or

made available to the member or the beneficiary of the member. The

member, by the terms of this System, shall not have any option to

choose to receive the contributions so picked up directly and the

picked-up contributions must be paid by the municipality to the

System.

Member contributions which are picked up shall be treated in the

same manner and to the same extent as member contributions made

prior to the date on which member contributions were picked up by

the municipality. Member contributions so picked up shall be

included in gross salary for purposes of determining benefits and

contributions under the System.

The municipality shall pay the member contributions from the

same source of funds used in paying salary to the member, by

effecting an equal cash reduction in gross salary of the member.