Okla. Admin. Code § 590:40-9-37
Current through Vol. 42, No. 8, January 2, 2025
Benefits paid from the Plan are subject to the applicable federal and state withholding tax rules and apply to all payments except those authorized for transfer to another Code Section 457 plan or rollover to an eligible retirement plan. A distribution from a Participant's Roth Elective Deferral Subaccount that is not a Qualified Distribution may be subject to additional taxation and/or penalties. Pursuant to 590:40-9-51, the Board may withhold amounts necessary to cover federal and state taxes from such payments. All payments will be reported on Internal Revenue Service Form 1099-R.
Okla. Admin. Code § 590:40-9-37