- (a) This option allows a participant to pay premiums of elected qualified benefits with pre-tax dollars. This option is intended to be qualified under Section 125 of the Internal Revenue Code and is 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.
Added at 31 Ok Reg 1358, eff 9-12-14