{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-920av1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-920Av1","heading":"Counties and municipalities - Employer and employee","body":"contributions.\n\nA. Any county, county hospital, city or town, conservation\n\ndistrict, circuit engineering district or any public or private\n\ntrust in which a county, city or town participates and is the\n\nprimary beneficiary, which is a participating employer and any\n\neligible employee shall contribute to the Oklahoma Public Employees\n\nRetirement System. The total employer and employee contributions\n\nshall be based on the allowable annual compensation as defined in\n\nparagraph (9) of Section 902 of this title. Except as provided for\n\nin this section, the employer shall not pay for the employee any of\n\nthe employee contribution to the System.\n\nB. For the fiscal year ending June 30, 2005, the total employer\n\nand employee contributions shall equal thirteen and one-half percent\n\n(13 1/2%) of the allowable monthly compensation of each member;\n\nprovided, however, each participating employer listed in this\n\nsection may set the amount of the employer and employee contribution\n\nto equal thirteen and one-half percent (13 1/2%) of the allowable\n\nmonthly compensation of each member for compensation as provided in\n\nparagraph (9) of Section 902 of this title; provided, the employer\n\ncontribution shall not exceed ten percent (10%) and the employee\n\ncontribution shall not exceed eight and one-half percent (8 1/2%).\n\nC. The total employer and employee contributions for fiscal\n\nyears following the fiscal year ending June 30, 2005, shall be as\n\nfollows:\n\nJuly 1, 2005 – June 30, 2006 15%\n\nJuly 1, 2006 – June 30, 2007 16%\n\nJuly 1, 2007 – June 30, 2008 17%\n\nJuly 1, 2008 – June 30, 2009 18%\n\nJuly 1, 2009 – June 30, 2010 19%\n\nJuly 1, 2010 – June 30, 2011 and\n\neach fiscal year thereafter 20%\n\nSuch employee and employer contributions shall be based upon the\n\nallowable monthly compensation of each member for compensation as\n\nprovided in paragraph (9) of Section 902 of this title. The maximum\n\nemployer contribution of ten percent (10%) in subsection B of this\n\nsection shall increase by one and one-half percent (1.5%) beginning\n\nin the fiscal year ending June 30, 2006, and one percent (1%) for\n\neach fiscal year thereafter until it reaches sixteen and one-half\n\npercent (16.5%). For such years, the employee contribution shall\n\nnot exceed eight and one-half percent (8 1/2%). Notwithstanding any\n\nother provisions of this section to the contrary, for those members\n\ndescribed in division (v), or (vi) of subparagraph (d) of paragraph\n\n(24) of Section 902 of this title, the participating employer shall\n\ncontribute sixteen and one-half percent (16 1/2%) and the employee\n\nshall contribute eight percent (8%) for a total of twenty-four and\n\none-half percent (24 1/2%).\n\nD. For members who make the election pursuant to paragraph (2)\n\nof subsection A of Section 915 of this title, the employee\n\ncontribution shall increase by two and ninety-one one-hundredths\n\npercent (2.91%). Such employee contribution increase shall be paid\n\nby the employee.\n\nE. Each participating employer pursuant to the provisions of\n\nthis section may pick up under the provisions of Section 414(h)(2)\n\nof the Internal Revenue Code of 1986 and pay the contribution which\n\nthe member is required by law to make to the System for all\n\ncompensation earned after December 31, 1989. Although the\n\ncontributions so picked up are designated as member contributions,\n\nsuch contributions shall be treated as contributions being paid by\n\nthe participating 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\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 participating employer\n\nto the System.\n\nF. Member contributions which are picked up shall be treated in\n\nthe same 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\nG. The participating employer shall pay the member\n\ncontributions from the same source of funds used in paying salary to\n\nthe member, by effecting an equal cash reduction in gross salary of\n\nthe member.","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":"2882e2026b55aaa7438232d43776ea6e1f08a79892e4458fd99092cbef9388cc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-920a","next":"us-ok/okla.-stat.-tit.-74-74-920av2"},"notice":"GroundRules: Original legal text. Not legal advice."}