§ 70-17-208. Written acknowledgement that benefits payable under alternate plan not obligation of state or Teachers’ Retirement System of Oklahoma – Responsibility for payment of benefits.

All eligible employees and electing employees participating in the alternate retirement plan shall acknowledge in writing that benefits payable pursuant to such alternate retirement plan are not the obligations of the State of Oklahoma or the Teachers’ Retirement System of Oklahoma.  The alternate retirement plan shall be solely responsible for payment of retirement, death or other benefits earned under the alternate retirement plan and such benefits shall be paid to the participants or their beneficiaries pursuant to the terms of the alternate retirement plan.

Added by Laws 2004, c. 385, § 8, eff. July 1, 2004.