{"data":{"id":"us-ok/okla.-stat.-tit.-47-47-2-304","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 47, § 47-2-304","heading":"Contributions to fund - Amount - Deduction by employer -","body":"Pick-up of member contributions.\n\nA. Participating employers shall contribute to the fund an\n\namount equal to eleven percent (11%) of the actual paid base salary\n\nof each member.\n\nB. Each member of the System shall make contributions to the\n\nfund in an amount equal to eight percent (8%) of the actual paid\n\nbase salary of the member.\n\nMember contributions shall be deducted by each participating\n\nemployer for such benefits as the Board is by law authorized to\n\nadminister and shall be remitted monthly, or as the Board may\n\notherwise provide, for deposit in the fund.\n\nC. Each employer shall pick up under the provisions of Section\n\n414(h)(2) of the Internal Revenue Code of 1986 and pay the\n\ncontribution which the member is required by law to make to the\n\nSystem for all compensation earned after December 31, 1989.\n\nAlthough the contributions so picked up are designated as member\n\ncontributions, such contributions shall be treated as contributions\n\nbeing paid by the employer in lieu of contributions by the member in\n\ndetermining tax treatment under the Internal Revenue Code of 1986\n\nand such picked up contributions shall not be includable in the\n\ngross income of the member until such amounts are distributed or\n\nmade available to the member or the beneficiary of the member. The\n\nmember, by the terms of this System, shall not have any option to\n\nchoose to receive the contributions so picked up directly and the\n\npicked up contributions must be paid by the employer to the System.\n\nMember contributions which are picked up shall be treated in the\n\nsame manner and to the same extent as member contributions made\n\nprior to the date on which member contributions were picked up by\n\nthe participating employer. Member contributions so picked up shall\n\nbe included in gross salary for purposes of determining benefits and\n\ncontributions under the System.\n\nThe employer shall pay the member contributions from the same\n\nsource of funds used in paying salary to the member, by effecting an\n\nequal cash reduction in gross salary of the member.","path":["OK Code","Title 47"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os47.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7cfe640c1a9dacb231b1fc66a4f37d77a090e8e03cf8fe7867a752fbb69024a9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-47-47-2-303.5","next":"us-ok/okla.-stat.-tit.-47-47-2-304.1"},"notice":"GroundRules: Original legal text. Not legal advice."}