Okla. Admin. Code § 590:40-11-1

Current through Vol. 42, No. 8, January 2, 2025

Section 590:40-11-1 - Purpose

(a)Establish policies and procedures. The rules of this Subchapter have been adopted to establish policies and procedures for the process of approving qualified domestic relations orders, setting standards for such orders and administering the payment of benefits to alternate payees from each of the Plans.

(b)Code requirements. If all or a portion of a Participant's account in the Plans may be assigned to an alternate payee pursuant to a qualified domestic relations order that meets the requirements of a domestic relations order as defined in Code Section 414(p), then the applicable requirements of Code Section 414(p) shall be followed by the Plan.

Adopted by Oklahoma Register, Volume 32, Issue 24, September 1, 2015, eff. 9/11/2015