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]

                    
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