{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-485.10","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-485.10","heading":"Annuity contracts - Purchases as salary payments","body":"A part of the salary, not to exceed the exclusion allowances\n\nprovided in Section 403(b)(2), Internal Revenue Code, payable to any\n\nemployee of the J.D. McCarty Center for Children with Developmental\n\nDisabilities may, at the request of the employee, be paid by the\n\npurchase of an annuity contract from any insurance company\n\nauthorized to do business in Oklahoma by the J.D. McCarty Center for\n\nChildren with Developmental Disabilities for the employee, and the\n\nemployee shall be entitled to have such annuity contract continued\n\nin force in succeeding years by the J.D. McCarty Center for Children\n\nwith Developmental Disabilities. The amounts so contributed or paid\n\nby the J.D. McCarty Center for Children with Developmental\n\nDisabilities for the annuity contract, or to continue it in force,\n\nshall be considered as payment of salary, for the same amounts, to\n\nthe employee for State Retirement purposes, State Aid purposes, or\n\nSocial Security purposes, but not for State Income Tax purposes.\n\nProvided that the amount received under such annuity contracts shall\n\nbe income subject to state income tax when actually received.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"b56e8b8ccd56ff386ea90f370a709e7a83c51b5f17423d20e596b3f2263050d0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-485.1","next":"us-ok/okla.-stat.-tit.-63-63-485.11"},"notice":"GroundRules: Original legal text. Not legal advice."}