Oklahoma § 74-1332.1 - Collection of premiums - Deposit - Monthly statement of

§ 74-1332.1. Collection of premiums - Deposit - Monthly statement of

revenues and disbursements - Annual report - Continuation of

dependent health coverage of disability recipients - Deduction of

premiums for disability recipients.

A. The Oklahoma Employees Insurance and Benefits Board shall

collect from state agencies each month, the premium amount, as

determined by the Board, for each employee of a state agency that

participates in the Disability Insurance Program. Said sum shall be

deposited in the State Employees Disability Insurance Reserve Fund

for use in accordance with law.

B. The Oklahoma Employees Insurance and Benefits Board shall

submit a monthly statement of the revenues and disbursements of the

Disability Insurance Program to the Governor, the Speaker of the

House of Representatives, the President Pro Tempore of the Senate

and the Legislative Service Bureau. The Legislative Service Bureau

shall distribute copies of such monthly statements to the fiscal

staff of the House of Representatives and the State Senate.

C. On or before March 1 of each year, the Oklahoma Employees

Insurance and Benefits Board shall submit a report of the

actuarially-determined future needs of the Disability Insurance

Program. Said report shall be submitted and distributed as provided

for in subsection B of this section.

D. The Board shall provide for the continuation of dependent

health coverage to disability recipients for that period of time

when the employee is qualified as disabled but not yet received

disability benefit income.

E. The Board shall deduct all dependent health coverage

premiums due and owing from the first retroactive disability payment

and each payment thereafter.

Added by Laws 1990, c. 204, § 5, emerg. eff. May 10, 1990. Amended

by Laws 1991, c. 86, § 2, eff. July 1, 1991; Laws 2024, c. 245, § 8,

eff. Nov. 1, 2024.