{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-935.8","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-935.8","heading":"Picked-up contributions","body":"A. Each participating employer shall pick up under the\n\nprovisions of Section 414(h)(2) of the Internal Revenue Code of\n\n1986, as amended, and pay the contribution which the participating\n\nemployee is required by law to make to the System for all\n\ncompensation earned after the date as of which an employee begins to\n\nparticipate in the defined contribution system. Although the\n\ncontributions so picked up are designated as participating employee\n\ncontributions, such contributions shall be treated as contributions\n\nbeing paid by the employer in lieu of contributions by the\n\nparticipating employee in determining tax treatment under the\n\nInternal Revenue Code of 1986, as amended, and such picked-up\n\ncontributions shall not be includable in the gross income of the\n\nparticipating employee until such amounts are distributed or made\n\navailable to the participating employee or the beneficiary of the\n\nparticipating employee. The participating employee, by the terms of\n\nthis System, shall not have any option to choose to receive the\n\ncontributions so picked up directly and the picked-up contributions\n\nmust be paid by the employer to the System.\n\nB. Contributions by the participating employee into a 457(b)\n\nplan may not be picked up by the employer but shall be a voluntary\n\ndeferral of the employee's compensation. Participating employers\n\nwithin OPERS that are not eligible to participate in the Deferred\n\nCompensation Plan administered by OPERS under subsection B of\n\nSection 1701 of Title 74 of the Oklahoma Statutes, and the Oklahoma\n\nState Employees Deferred Savings Incentive Plan under Section 1707\n\nof Title 74 of the Oklahoma Statutes, and have established 457(b)\n\nplans for their employees, will have the obligation to ensure that\n\ntheir employees do not exceed the maximum annual contributions to a\n\n457(b) plan under the Internal Revenue Code.","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":"87b17dd06b1683436cb60022d8d2c2c2d2a7a3ce4c9a81503526497721347b0b","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-935.7","next":"us-ok/okla.-stat.-tit.-74-74-935.9"},"notice":"GroundRules: Original legal text. Not legal advice."}