Okla. Stat. tit. 20, § 20-1101.1: Establishment as qualified retirement plan under

Internal Revenue Code.

A. The Uniform Retirement System for Justices and Judges is

established as a qualified governmental retirement plan under

Sections 401(a) and 414(d) of the federal Internal Revenue Code.

The Board shall administer the System in order to comply with the

applicable provisions of the federal Internal Revenue Code.

B. As used in Section 1101 et seq. of Title 20 of the Oklahoma

Statutes, “federal Internal Revenue Code” means the federal Internal

Revenue Code of 1954 or 1986, as amended and as applicable to a

governmental plan as in effect on July 1, 1999.

C. For purposes of compliance with the federal Internal Revenue

Code, the plan year for the System is the fiscal year beginning July

1 and the limitation year for purposes of Section 415 of the

Internal Revenue Code is the calendar year.

D. Forfeitures arising from severance of employment, death, or

for any other reason may not be applied to increase the benefits any

member would otherwise receive under the System’s law. However,

forfeitures may be used to reduce the employer’s contribution.