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Contributions to be deferred Compensation.

Oklahoma City Municipal Code § 40-126
in effect
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§ 40-126. - Contributions to be deferred Compensation. In accordance with Code Section 414(h), the City shall pick up the Employee contribution required by Section 40-121 for all Compensation earned after July 1, 1986. The contributions so picked up shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code. The City shall pick up these Employee contributions from funds established and available in the salaries account, which funds would otherwise have been designated as Employee contributions and paid to the System. Employer contributions picked up by the City pursuant to this section shall be paid to the System and shall be treated for all other purposes of this and other laws of the City in the same manner and to the same extent as Employee contributions made prior to the effective date of this section. (Ord. No. 21916, § 2, 2-12-02)
Source: City of Oklahoma City, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ok/oklahoma_city/codes/code_of_ordinances?nodeId=OKMUCO2020_CH40PERESY_ARTIIIPERE_DIV1EMREPR_PTEEMCO_S40-126COBEDECOFetched: 10/28/2026

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