SECTION 590:25-7-1. Investment contracts

  The deferred amount shall be delivered by the Employer to the Board to be invested in one or more of the following types of contracts or accounts issued or made available by a company or companies approved by the Board:

(1)   Make deposits through a savings account in an institution or institutions as determined by the Board;

(2)   Make deposits to a deferred fixed interest contract or other type of investment;

(3)   Make deposits to a deferred variable interest contract or other type of investment;

(4)   Make deposits to a mutual fund or common trust fund;

(5)   Make deposits to any combination of the investment options in subparagraphs (1) through (4) of this Section may be selected by the employee.

[Source: Amended at 12 Ok Reg 3249, eff 7-27-95; Amended at 13 Ok Reg 3333, eff 7-25-96; Amended at 15 Ok Reg 974, eff 12-8-97 (emergency); Amended at 15 Ok Reg 3275, eff 7-13-98; Amended at 18 Ok Reg 552, eff 12-28-00 through 7-14-01 (emergency); Amended at 18 Ok Reg 3266, eff 7-26-01]