§70-17-208. Written acknowledgement that benefits payable under alternate plan not obligation of state or Teachers’ Retirement System of Oklahoma

§70-17-208. Written acknowledgement that benefits payable under alternate plan not obligation of state or Teachers’ Retirement System of Oklahoma – Responsibility for payment of benefits.

70 OK Stat § 70-17-208 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

All eligible employees participating in the alternate retirement plan shall acknowledge in writing that benefits payable pursuant to such alternate retirement plan are not the obligations of the State of Oklahoma or the Teachers' Retirement System of Oklahoma. The alternate retirement plan shall be solely responsible for payment of retirement, death or other benefits earned under the alternate retirement plan and such benefits shall be paid to the participants or their beneficiaries pursuant to the terms of the alternate retirement plan.

Added by Laws 2004, c. 385, § 8, eff. July 1, 2004. Amended by Laws 2017, c. 285, § 5, eff. Nov. 1, 2017.

Previous Section

§70-17-207. Initial and additional funding surcharges – Benefits not considered salary, fringe benefits or compensation – Allocation of assets – Calculation of liability.

Next Section

§70-18-101. Declaration of legislative intent, policies and principles.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.