Okla. Admin. Code § 590:35-13-7

Current through Vol. 42, No. 4, November 1, 2024

Section 590:35-13-7 - Payment and distribution options

Subject to the provisions of Section 590:35-13-1 herein, a Participant (or Beneficiary, where applicable) may elect within the period and on the forms prescribed by the Plan Administrator, to receive the balance of his or her Account in the form of:

(1) Lump sum, payable in cash;

(2) Substantially level periodic installments;

(3) Any other form approved by the Plan Administrator or the Trustees.

Okla. Admin. Code § 590:35-13-7

Added at 15 Ok Reg 793, eff 11-12-97 (emergency); Added at 15 Ok Reg 3282, eff 7-13-98; Amended at 28 Ok Reg 678, eff 5-12-11