Okla. Admin. Code § 590:40-9-50
Current through Vol. 42, No. 8, January 2, 2025
There shall be created a Trust under this Subchapter 9 for all Deferrals into the Code Section 457(b) plan. The Board of Trustees shall act as trustee of the Trust. The Board shall take, hold, invest, administer, and distribute, in accordance with this Plan and Trust, all Deferred Compensation and assets paid or delivered to the Board pursuant to the Plan for the uses and purposes herein expressed. The Board shall be accountable for all Deferred Compensation received, but shall have no duty to require any compensation to be deferred or to determine that the amounts received comply with the Plan, or to determine that the Trust Fund is adequate to provide the benefits payable under the Plan.
Okla. Admin. Code § 590:40-9-50