SECTION 260:40-19-1. Flexible benefit allowance  


Latest version.
  • (a)   Each participating employer shall credit to each of its participating employees the specified amount as determined by law, as a flexible benefits allowance. Each participant must use a portion or all of their flexible benefit allowance to purchase at least the basic plan.
    (b)   An eligible employee making an election not to participate under OAC 260:40-17-3(c)(1) will not be eligible for or credited with any amount of the employee or dependent flexible benefit allowance.
[Source: Added at 31 Ok Reg 1358, eff 9-12-14]