3-13C-10 . Class D members vested--Contributions not required--Participation ceases.

All Class D members of the South Dakota Retirement System as of July 1, 2020, are considered vested.

No contributions by Class D members are required on or after January 1, 1990.

A participant, whether active or inactive, shall cease to be a participant on the earlier of the following:

(1) The date of the participant's death; or

(2) The date the participant receives a single sum distribution in lieu of all of the benefits under the plan.

An inactive participant shall also cease to be a participant on the earliest date on which the participant is not entitled to a deferred monthly income.

Source: SL 2020, ch 13, ยง 17.