Okla. Admin. Code § 260:40-23-1

Current through Vol. 42, No. 6, December 2, 2024

Section 260:40-23-1 - Premium conversion option

(a) This option allows a participant to pay premiums of elected qualified benefits with pre-tax dollars. This option is intended to be qualified under Section 125 of the Internal Revenue Code and is included as part of the cafeteria plan described in OAC 260:40-7-1.

(b) The Plan Administrator shall at all times administer this option in a manner consistent with the terms and provisions hereof, in a uniform and nondiscriminatory manner, and in accordance with the Internal Revenue Code and applicable regulations promulgated thereunder.

Okla. Admin. Code § 260:40-23-1

Adopted by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014