{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-49-100.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-49-100.2","heading":"Firefighters Pension and Retirement System - Creation","body":"- Powers and duties.\n\nThere is created the Oklahoma Firefighters Pension and\n\nRetirement System which shall be a body corporate and an\n\ninstrumentality of this state. The System shall be vested with the\n\npowers and duties specified in this article and such other powers as\n\nmay be necessary to enable it and its officers and employees to\n\ncarry out fully and effectively the purposes and intent of this\n\narticle. All assets of the System shall be held in trust for the\n\nexclusive purpose of providing benefits for the members and\n\nbeneficiaries of the System or defraying reasonable expenses of\n\nadministering the System, and shall not be encumbered for or\n\ndiverted to any other purpose or purposes. This System shall be the\n\nresponsibility of the state and not that of the participating\n\nmunicipalities. The System is a qualified governmental retirement\n\nplan under Sections 401(a) and 414(d) of the Internal Revenue Code\n\nof 1986, as amended (26 U.S.C.A. §§ 401, 414) and Section 3(32) of\n\nthe Employee Retirement Income Security Act of 1974 (29 U.S.C.A.\n\n§1002(32)). The Board shall administer the System in order to\n\ncomply with the applicable provisions of the Internal Revenue Code\n\nof 1986, as amended.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"ac73100f00a38fd8e0012fd31b10c396eb892ed6ea1af6d6f24d15dd8aebcbd5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-49-100.11","next":"us-ok/okla.-stat.-tit.-11-11-49-100.3"},"notice":"GroundRules: Original legal text. Not legal advice."}