ok-1019: Oklahoma Public Employees Retirement System — Defined Contribution System
Public comment closed .
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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 Defined Contribution System (Pathfinder) more efficient and member service oriented. The amendment to 590:45-5-21 clarifies how benefits are paid in the event of the death of the member. The amendments to 590:40-7-30, 590:40-7-32, 590:40-7-34, 590:40-7-37, 590:40-7-39, and 590:40-9-44 amend the required minimum distribution age to comply with the federal SECURE 2.0 legislation. The amendment to 590:40-9-3 is to comply with the federal SECURE 2.0 legislation. The amendment to 590:40-9-38 allows the member to complete in-plan Roth conversions. The amendment to 590:40-11-7 clarifies how benefits are paid in the event of the death of an alternate payee.
The agency’s own summary, as published.
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