ok-1015: Oklahoma Public Employees Retirement System — Deferred Compensation
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Amendments are proposed necessitating permanent rulemaking action. The agency is considering proposals which are designed to make the administration of the Deferred Compensation Plan more efficient and member service oriented. The amendment to 590:25-3-5 updates the allowable catchup contributions to comply with the federal SECURE 2.0 legislation. The amendment to 590:25-9-9 clarifies how benefits are paid in the event of the death of the member. The amendment to 590:25-9-16 allows the member to complete in-plan Roth conversions. The amendment to 590:25-9-23 is to comply with the federal SECURE 2.0 legislation.
The agency’s own summary, as published.
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