{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-1706","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-1706","heading":"Separate employee pension plans","body":"Any agency of the state and any county, county hospital, city or\n\ntown, substate planning district and any public or private trust in\n\nwhich the state or a county, city or town participates or is the\n\nprimary beneficiary and which is not funded by state appropriations\n\nor eligible for participation or participating in any state\n\nretirement system, by action of its governing body, may agree to\n\nprovide for discretionary contributions in each calendar year to the\n\nIndividual Retirement Accounts or Individual Retirement Annuities\n\n(IRA) of all eligible employees as such standards of eligibility may\n\nbe determined by the governing body. The standards of eligibility\n\nand other characteristics of the Separate Employee Pension Plan\n\n(SEP) adopted or to be adopted by the governing body shall conform\n\nto the requirements of the Federal Internal Revenue Code and the\n\nrules and regulations promulgated thereunder, all as interpreted and\n\nadministered both now and in the future, by the Internal Revenue\n\nService, which pertain to Simplified Employee Pension Plans and\n\nIndividual Retirement Accounts Contribution Agreements as previously\n\nprovided for under Section 308(k) of the Internal Revenue Code, and\n\nall future amendments, supplements, and substitutions thereto.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"bc0c0060f61ab79134ed38825cae9418d38af7cd14154e4e21631ba73010088e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-1705","next":"us-ok/okla.-stat.-tit.-74-74-1707"},"notice":"GroundRules: Original legal text. Not legal advice."}