Okla. Admin. Code § 260:40-25-4

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

Section 260:40-25-4 - Amount of benefit available

(a) Subject to any limitations imposed by federal law, the maximum amount which a participant may receive in a Plan Year in the form of dependent care expenses under the dependent care reimbursement account option shall be the least of the following:

(1) The participant's earned income for the Plan Year (after all reductions in compensation including the reduction related to dependent care expenses);

(2) The earned income of the participant's spouse for the Plan Year; or

(3) $5,000 ($2,500 in the case of a married individual who files a separate income tax return,) but not to exceed the monthly maximum contribution of $416.67 as defined and allowed by the Plan Administrator.

(b) The minimum salary adjustment amount for participation in the dependent care reimbursement account option shall be $50 per month.

Okla. Admin. Code § 260:40-25-4

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