<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s25d4caec-7bd2-415a-8137-60053c7c882bP0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s25d4caec-7bd2-415a-8137-60053c7c882bC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s25d4caec-7bd2-415a-8137-60053c7c882bC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s25d4caec-7bd2-415a-8137-60053c7c882bC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s25d4caec-7bd2-415a-8137-60053c7c882b000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:16:19:40"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000000">20:16:19:40</span></a><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000001">.  Minimum distribution requirements.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0"> Benefit payments </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">shall follow the minimum distribution rules of </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">§ 401(a)(9) of the Internal Revenue Code, as the code is defined in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-101"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12C-101</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">, and as set forth in §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1901"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12C-1901</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1905"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12C-1905</span></a><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">, inclusive</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">.</span></p><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882b000003"> </span></p><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">    </span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0"> 28 SDR 109, effective February 11, 2002; 36 SDR 207, effective July 1, 2010; 40 SDR 197, effective May 27, 2014; 45 SDR 142, effective July 1, 2019</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">; 47 SDR 138, effective July 1, 2021</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">.</span></p><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">    </span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1647"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">C</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">-</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">1647</span></a><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">.</span></p><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">    </span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1643"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">C</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">-1</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">643</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1644"><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">3-12</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">C</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">-1</span><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0-000002">644</span></a><span style="white-space: pre-wrap;" class="s25d4caec-7bd2-415a-8137-60053c7c882bC0">.</span></p><p dir="ltr" class="s25d4caec-7bd2-415a-8137-60053c7c882bP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s25d4caec-7bd2-415a-8137-60053c7c882b000003"> </span></p></div></body></html>