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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 40. Employee Benefits Department |
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Subchapter 25. Dependent Care Reimbursement Account Option |
SECTION 260:40-25-1. Dependent care reimbursement account option
Latest version.
- (a) This option allows a participant to receive reimbursements for dependent care expenses which are excludable from gross income. This option is intended to be qualified under Section 129 of the Internal Revenue Code and is an optional benefit within the State Employee Flexible Benefits Plan. This option is intended to be qualified under Section 125 of the Internal Revenue Code and is therefore, included as part of the cafeteria plan described in OAC 260:40-7-1.(b) The Plan Administrator shall at all times administer this option in a manner consistent with the terms and provisions hereof, in a uniform and nondiscriminatory manner, and in accordance with the Internal Revenue Code and applicable regulations promulgated thereunder.