Oklahoma Public Employees Retirement System Docket OAC 590:40 Proposed Rule

ok-5265: Oklahoma Public Employees Retirement System — Defined Contribution System

Comment Period Closed

Public comment closed · opened September 15, 2026.

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Summary

Amendments are proposed necessitating permanent rulemaking action. The agency is considering changes intended to improve the efficiency of administering the Oklahoma Public Employees Retirement System (OPERS) and enhance the quality of service provided to members. The amendment to 590:40-5-6 allows Pathfinder participant deferral changes to take effect as soon as administratively possible, rather than at the start of the following month. The amendment to 590:40-9-34 clarifies that emergency hardship withdrawals are administered by the Recordkeeper and removes deferral cancellation language that conflicts with the federal SECURE 2.0 Act. The amendment to 590:40-9-38 identifies which account types may be accepted as rollover contributions to Pathfinder.

The agency’s own summary, as published.

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