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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 26. Qualified Transportation Account Option |
SECTION 260:40-26-6. Elections/mid-year changes
Latest version.
- (a) Employees may elect to participate during the open enrollment Option Period prior to the plan year.(b) New Hires and employees not previously enrolled may elect to participate during the plan year.(c) Employees who have elected to participate may drop the option any time during the plan year. However, once the account has been dropped, the employee may not re-enroll during the same plan year. Any amounts remaining in the account after the option has been dropped are subject to forfeiture pursuant to OAC 260:40-26-10.(d) Employees' requests to participate, or drop participation, in Qualified Transportation accounts must be made in a manner and on forms prescribed by the Plan Administrator.