{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-49-100.7","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-49-100.7","heading":"Administration of System - Rules and regulations -","body":"Accounts and records - Open meetings - Actuarial tables - Decisions\n\nof Board - Actions - Electronic media use.\n\nA. The State Board shall be responsible for the policies and\n\nrules for the general administration of the System, subject to the\n\nprovisions of this article.\n\nB. The State Board shall establish rules and regulations for\n\nthe administration of the System and for the transaction of its\n\nbusiness consistent with law, which rules and regulations shall be\n\nfiled with the Secretary of State.\n\nC. The State Board shall be responsible for the installation or\n\nprovision of a complete and adequate system of accounts and records.\n\nD. All meetings of the State Board shall be open to the public.\n\nThe State Board shall keep a record of its proceedings.\n\nE. The State Board may adopt all necessary actuarial tables to\n\nbe used in the operation of the System as recommended by the actuary\n\nand may compile such additional data as may be necessary for\n\nrequired actuarial valuation calculations.\n\nF. All decisions of the State Board as to questions of fact\n\nshall be final and conclusive on all persons except for the right of\n\nreview as provided by law and except for fraud or such gross mistake\n\nof fact as to have effect equivalent to fraud.\n\nG. The State Board shall take all necessary action upon\n\napplications for pensions, disability benefits, refund of\n\naccumulated contributions and shall take action on all other matters\n\ndeemed necessary by the State Board, including bringing actions for\n\ndeclaratory relief in the district courts in the state to enforce\n\nthe provisions of applicable state law.\n\nH. On or after July 1, 2011, the State Board may permit,\n\neffective for applicable notices, elections and consents provided or\n\nmade for a member, beneficiary, alternate payee or individual\n\nentitled to benefits under the System, the use of electronic media\n\nto provide such applicable notices and make such elections and\n\nconsents as described in Section 1.401(a)-21 of the Income Tax\n\nRegulations.\n\nI. The State Board shall develop such procedures and may\n\nrequire such information from the distributing plan as it deems\n\nnecessary to reasonably conclude that a potential rollover\n\ncontribution is a valid rollover contribution under Section\n\n1.401(a)(31)-1, Q\u0026A-14(b)(2), of the Income Tax Regulations.","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":"1bb1d1aa6b250f230539cb64a11041afeec32b1c417b9b40d8dc03caafb8d71d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-49-100.6","next":"us-ok/okla.-stat.-tit.-11-11-49-100.8"},"notice":"GroundRules: Original legal text. Not legal advice."}