{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-935.7","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-935.7","heading":"Employee vesting – Investment options","body":"A. Participating employees shall at all times be vested at one\n\nhundred percent (100%) of their accounts containing solely their\n\nemployee contributions, and the gains or losses on these\n\ncontributions. Participating employees will have investment\n\ndiscretion over these accounts within the available options offered\n\nby the Board.\n\nB. Participating employees shall be vested with respect to the\n\nemployer matching amounts, and the gains or losses on these funds,\n\ndeposited into their defined contribution system account or accounts\n\naccording to the following schedule based on years of participating\n\nservice:\n\nYear 1 20%\n\nYear 2 40%\n\nYear 3 60%\n\nYear 4 80%\n\nYear 5 and thereafter 100%\n\nC. Participating employees will have investment discretion over\n\nall employer contributions.\n\nD. For purposes of determining a participating employee's right\n\nto withdraw employer matching contributions and any investment gains\n\nupon such employer contribution matching amounts, the vesting\n\npercentages apply at the end of each full year of service as\n\ndescribed in subsection B of this section.\n\nE. For participating employees who do not select any investment\n\noptions, the OPERS Board will establish default investment options\n\nfor the contributions received from participating employees and\n\ndefault investment options for matching employer contributions.\n\nF. To the extent that participants leave employment and have\n\nnot vested in all of the employer contributions, the nonvested\n\nemployer contributions, including any gains or losses, shall be\n\nimmediately forfeited to the 401(a) plan and may be used to offset\n\ncosts of administering the plan or as permitted by federal law.\n\nUpon reemployment with an employer and satisfying the eligibility\n\nrequirements to become a participant, the reemployed participant\n\nshall receive credit for previous service and be vested at the same\n\npercentage the participant was vested when service was previously\n\nterminated. However, under no circumstances shall the participant\n\nbe entitled to any previously forfeited employer contributions.","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":"df540db522424f37eaed5d0a0f189e5d639800c2a59a30f869ca1b7f94456802","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-935.6","next":"us-ok/okla.-stat.-tit.-74-74-935.8"},"notice":"GroundRules: Original legal text. Not legal advice."}