<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s5229784705fb4d23bacf0bed735e1fd9Normal { text-align: center; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5229784705fb4d23bacf0bed735e1fd9HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5229784705fb4d23bacf0bed735e1fd9HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5229784705fb4d23bacf0bed735e1fd9Normal-000000 { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5229784705fb4d23bacf0bed735e1fd9000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5229784705fb4d23bacf0bed735e1fd9B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES"><meta property="og:description" content="SDLRC Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9Normal"><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13</span></a></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9Normal"><span class="s5229784705fb4d23bacf0bed735e1fd9HG4C">DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9Normal-000000"><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9000001"> </span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont"> to 3-13-38. Repealed by SL 1974, ch 35, § 80.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-39" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-39</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Repealed by SL 1987, ch 38, §§ 8 to 17.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-49" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-49</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    State deferred compensation plan--Agreements in writing--Administrative charge--Amounts deferred remitted to state deferred compensation fund.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-49.1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-49.1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Political subdivisions.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-50" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-50</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Administration of plan--Hiring and remuneration of additional employees.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-51" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-51</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Repealed by SL 2000, ch 27, § 1.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-51.1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-51.1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Investment of funds--Investment officer as fiduciary.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-51.2" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-51.2</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Executive director and investment officer to execute necessary agreements. </span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-51.3" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-51.3</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Default designation of new investment selection upon termination of participant's contract.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-52" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-52</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Limitation of liability to participants.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-53" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-53</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Deferred compensation fund.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-54" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-54</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Promulgation of rules--Limitation on availability of accumulated deferred compensation to participant--Exception.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-55" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-55</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Definition of terms.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment feature.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Enrollment--Effective date--Deferral.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.2" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.2</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Enrollment--Form.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.3" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.3</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Enrollment--Modification.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.4" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.4</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Minimum deferral.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.5" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.5</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Maximum deferral.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.6" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.6</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Employer contribution--System contribution--Vesting.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.7" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.7</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Ceasing of deferrals.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.8" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.8</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Designation of beneficiary--Distribution on death.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.9" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-56.9</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Political subdivision--Deferred compensation plan as principal retirement plan limited.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-57</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Roth contribution program--Authorization--Definition--Promulgation of rules.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-57.1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Roth contribution program--Contributions are deferrals.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.2" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-57.2</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Roth contribution program--Allowed contributions--Limits.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.3" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-57.3</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Roth contribution program--Political subdivision participation.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.4" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-57.4</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Roth contribution program--Employee eligibility.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-58" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-58</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--General rule.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-59" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-59</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--Participant's death after distributions begun.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-60" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-60</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--Participant's death before 2022 and distributions.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-61" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-61</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--Reasonable and made in good faith.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-62" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-62</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--Participant's death after 2021.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-63" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-63</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Required minimum distributions--Waiver of 2020.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-64" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-64</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Unforeseeable emergency distribution--Participant deferrals cease.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-65" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-65</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Catch up--Maximum deferral.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-66" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-66</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Catch up--Alternative.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-67" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-67</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Catch up--Choice required.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-68" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-68</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Participant rights--Trust.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-69" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-69</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Participant election--Investments.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-70" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-70</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Participant election--Balance transfers--Costs deducted.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-71" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-71</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Establishment of accounts.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-72" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-72</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Establishment of accounts--Specified contributions--Recordkeeping.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-73" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-73</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Allocation of investment return--Accounting date.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-74" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-74</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Valuation of investment.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-75" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-75</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Participant statements.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-76" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-76</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Selection of normal retirement date--Amendment.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-77" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-77</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Severance from employment.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-78" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-78</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Distribution--Conditions.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-79" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-79</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Distribution--Beginning date.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-80" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-80</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Distribution--Form--Election--Period.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-81" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-81</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Distribution--Withdrawal from particular contributions.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-82" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-82</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Immediate distribution--Unforeseeable emergency.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-83</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Immediate distribution--In-service or involuntary distributions--Conditions--Calculation--Handling of certain involuntary distributions.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83.1" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-83.1</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Immediate distribution--In-service distribution--Age requirement--Effect.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-84" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-84</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Distributions deemed reasonable and made in good faith under federal law.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-85" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-85</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Conflict of interest.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-86" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-86</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Assignment prohibited--Exception.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-87" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-87</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Trustee-to-trustee transfer or rollover permitted--Requirements.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-88" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-88</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Trustee-to-trustee transfer--Credited service in governmental defined benefit retirement plan.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-89" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-89</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Rollover to another plan.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-90" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-90</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    In-plan Roth conversion--Irrevocable.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-91" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-91</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Plan assets--Trust.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-92" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-92</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Effective date of change--Late filing.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-93" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-93</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Correction of errors--Excess deferrals.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-94" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-94</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Correction of errors--Payroll error.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-95" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-95</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment units--Automatic escalation--Decision--Recission of unit s status--Automatic enrollee s status.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-96" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-96</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic escalation for participating employers--Automatic enrollment units prior to July 1, 2015.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-97" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-97</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Start of automatic escalation for automatic enrollment unit--Notice required.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-98" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-98</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Participating employer.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-99" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-99</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Nonstate participating employer.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-100" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-100</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Initial deferrals--Election to not participate--Refund--Effect.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-101" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-101</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Automatic escalation--Circumstances for no escalation.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-102" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-102</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Contract.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-103" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-103</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Qualified default investment alternative--Secondary alternative--Liability.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-104" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-104</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Notices required.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-105" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-105</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Automatic escalation--Notice--Election to opt out--Automatic enrollee status.</span></p><p dir="ltr" class="s5229784705fb4d23bacf0bed735e1fd9B"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-106" rel="noopener"><span class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">3-13-106</span></a><span xml:space="preserve" class="s5229784705fb4d23bacf0bed735e1fd9DefaultParagraphFont">    Automatic enrollment--Advance authorization not required.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033496Normal { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033496SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033496CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033496Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-1"><span class="s2033496SENU">3-13-1</span></a><span xml:space="preserve" class="s2033496SENU"> to 3-13-38. </span><span class="s2033496CL">Repealed by SL 1974, ch 35, § 80.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033497Normal { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033497SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033497CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033497Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-39"><span class="s2033497SENU">3-13-39</span></a><span xml:space="preserve" class="s2033497SENU"> to 3-13-48. </span><span class="s2033497CL">Repealed by SL 1987, ch 38, §§ 8 to 17.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033498Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033498SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033498CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033498Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033498DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033498000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033498SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033498SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033498Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-49"><span class="s2033498SENU">3-13-49</span></a><span xml:space="preserve" class="s2033498SENU">. </span><span class="s2033498CL">State deferred compensation plan--Agreements in writing--Administrative charge--Amounts deferred remitted to state deferred compensation fund.</span></p><p dir="ltr" class="s2033498Normal-000000"><span xml:space="preserve" class="s2033498DefaultParagraphFont">The board may establish the South Dakota deferred compensation plan for state government and political subdivision governments as determined by the board. Any eligible person wishing to participate shall execute such agreements as the board may require and shall specify in writing the amount of compensation to be deferred. Such agreement shall authorize reduction of compensation by the amount specified plus an administrative charge set by the board. The employer of each participating employee shall remit all amounts so deferred to the South Dakota deferred compensation fund, along with such documentation as may be required, no later than ten days after each payday. No deferral of compensation under this chapter may reduce compensation for the purpose of calculation of contributions and benefits under chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-6E"><span class="s2033498DefaultParagraphFont">3-6E</span></a><span xml:space="preserve" class="s2033498DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-12C"><span class="s2033498DefaultParagraphFont">3-12C</span></a><span class="s2033498DefaultParagraphFont">.</span></p><p dir="ltr" class="s2033498Normal"><span xml:space="preserve" class="s2033498000001"> </span></p><p dir="ltr" class="s2033498Normal"><span class="s2033498SCL">Source:</span><span xml:space="preserve" class="s2033498SCL-000002"> SL 1987, ch 38, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033499Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033499SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033499CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033499Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033499DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033499000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033499SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033499SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033499Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-49.1"><span class="s2033499SENU">3-13-49.1</span></a><span xml:space="preserve" class="s2033499SENU">. </span><span class="s2033499CL">Political subdivisions.</span></p><p dir="ltr" class="s2033499Normal-000000"><span xml:space="preserve" class="s2033499DefaultParagraphFont">Notwithstanding the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-49"><span class="s2033499DefaultParagraphFont">3-13-49</span></a><span class="s2033499DefaultParagraphFont">, any political subdivision may establish a deferred compensation program for its employees. Participation in such program shall be by written agreement between the employees and the governing body of the political subdivision. The agreement shall provide for the deferral of compensation and the investment and administration of such funds.</span></p><p dir="ltr" class="s2033499Normal"><span xml:space="preserve" class="s2033499000001"> </span></p><p dir="ltr" class="s2033499Normal"><span class="s2033499SCL">Source:</span><span xml:space="preserve" class="s2033499SCL-000002"> SL 1989, ch 43.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033500Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033500SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033500CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033500Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033500DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033500000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033500SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033500SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033500Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-50"><span class="s2033500SENU">3-13-50</span></a><span xml:space="preserve" class="s2033500SENU">. </span><span class="s2033500CL">Administration of plan--Hiring and remuneration of additional employees.</span></p><p dir="ltr" class="s2033500Normal-000000"><span class="s2033500DefaultParagraphFont">The executive director shall administer the plan. The executive director may hire additional employees as may be required and shall set the remuneration of the employees.</span></p><p dir="ltr" class="s2033500Normal"><span xml:space="preserve" class="s2033500000001"> </span></p><p dir="ltr" class="s2033500Normal"><span class="s2033500SCL">Source:</span><span xml:space="preserve" class="s2033500SCL-000002"> SL 1987, ch 38, § 2; SL 2016, ch 31, § 49.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033501Normal { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033501SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033501CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033501Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-51"><span class="s2033501SENU">3-13-51</span></a><span xml:space="preserve" class="s2033501SENU">. </span><span class="s2033501CL">Repealed by SL 2000, ch 27, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033502Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033502SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033502CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033502Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033502DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033502000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033502SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033502SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033502Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-51.1"><span class="s2033502SENU">3-13-51.1</span></a><span xml:space="preserve" class="s2033502SENU">. </span><span class="s2033502CL">Investment of funds--Investment officer as fiduciary.</span></p><p dir="ltr" class="s2033502Normal-000000"><span class="s2033502DefaultParagraphFont">A participant may invest in any investment selected by the state investment officer, including annuity contracts. The state investment officer may enter into contracts for investment alternatives. The executive director or third-party administrator may transfer funds to, from, and among the respective investment alternatives as directed by the participant or as required if the investment alternative is no longer available. The state investment officer shall be held to the standard of conduct of a fiduciary and shall carry out all functions solely in the interests of the participants and benefit recipients and for the exclusive purpose of providing benefits and defraying reasonable expenses incurred in performing the duties required by law.</span></p><p dir="ltr" class="s2033502Normal"><span xml:space="preserve" class="s2033502000001"> </span></p><p dir="ltr" class="s2033502Normal"><span class="s2033502SCL">Source:</span><span xml:space="preserve" class="s2033502SCL-000002"> SL 2000, ch 27, § 2; SL 2016, ch 31, § 50.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033503Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033503SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033503CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033503Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033503DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033503000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033503SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033503SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033503Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-51.2"><span class="s2033503SENU">3-13-51.2</span></a><span xml:space="preserve" class="s2033503SENU">. </span><span class="s2033503CL">Executive director and investment officer to execute necessary agreements.</span></p><p dir="ltr" class="s2033503Normal-000000"><span xml:space="preserve" class="s2033503DefaultParagraphFont">The executive director shall execute any agreements necessary to carry out the provisions of this chapter, except agreements as are executed by the state investment officer pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-51.1"><span class="s2033503DefaultParagraphFont">3-13-51.1</span></a><span xml:space="preserve" class="s2033503DefaultParagraphFont">. </span></p><p dir="ltr" class="s2033503Normal"><span xml:space="preserve" class="s2033503000001"> </span></p><p dir="ltr" class="s2033503Normal"><span class="s2033503SCL">Source:</span><span xml:space="preserve" class="s2033503SCL-000002"> SL 2000, ch 27, § 4; SL 2016, ch 31, § 51.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033504Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033504SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033504CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033504Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033504DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033504DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033504000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033504SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033504SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033504Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-51.3"><span class="s2033504SENU">3-13-51.3</span></a><span xml:space="preserve" class="s2033504SENU">. </span><span class="s2033504CL">Default designation of new investment selection upon termination of participant's contract.</span></p><p dir="ltr" class="s2033504Normal-000000"><span class="s2033504DefaultParagraphFont">If a contract with a vendor terminates and a participant fails to notify the third</span><span class="s2033504DefaultParagraphFont-000001">-</span><span class="s2033504DefaultParagraphFont">party administrator of the participant's new investment selection before the contract terminates, the third</span><span class="s2033504DefaultParagraphFont-000001">-</span><span class="s2033504DefaultParagraphFont">party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.</span></p><p dir="ltr" class="s2033504Normal"><span xml:space="preserve" class="s2033504000002"> </span></p><p dir="ltr" class="s2033504Normal"><span class="s2033504SCL">Source:</span><span xml:space="preserve" class="s2033504SCL-000003"> SL 2000, ch 27, § 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033505Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033505SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033505CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033505Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033505DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033505000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033505SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033505SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033505Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-52"><span class="s2033505SENU">3-13-52</span></a><span xml:space="preserve" class="s2033505SENU">. </span><span class="s2033505CL">Limitation of liability to participants.</span></p><p dir="ltr" class="s2033505Normal-000000"><span class="s2033505DefaultParagraphFont">Neither the plan nor any participating employer may have any liability to any participant for losses arising out of any decrease in the value of any investments held by the plan. The liability of the plan to any participant is limited to the value of the participant's account on the date the account is made available to the participant pursuant to the provisions of the plan. In no event may any member of the board, the executive director or any member of the executive director's staff have any liability for any action taken with respect to the plan unless such action be taken in bad faith.</span></p><p dir="ltr" class="s2033505Normal"><span xml:space="preserve" class="s2033505000001"> </span></p><p dir="ltr" class="s2033505Normal"><span class="s2033505SCL">Source:</span><span xml:space="preserve" class="s2033505SCL-000002"> SL 1987, ch 38, § 4; SL 2016, ch 31, § 52.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033506Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033506SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033506CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033506Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033506DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033506000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033506SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033506SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033506Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-53"><span class="s2033506SENU">3-13-53</span></a><span xml:space="preserve" class="s2033506SENU">. </span><span class="s2033506CL">Deferred compensation fund.</span></p><p dir="ltr" class="s2033506Normal-000000"><span xml:space="preserve" class="s2033506DefaultParagraphFont">The South Dakota deferred compensation fund is hereby established. All compensation deferred pursuant to this chapter shall be deposited in the fund. Expenditures from the fund shall be paid on warrants drawn by the state auditor on vouchers approved by the executive director. All administrative expenses shall be budgeted and expended pursuant to chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-7"><span class="s2033506DefaultParagraphFont">4-7</span></a><span xml:space="preserve" class="s2033506DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-8"><span class="s2033506DefaultParagraphFont">4-8</span></a><span xml:space="preserve" class="s2033506DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-8A"><span class="s2033506DefaultParagraphFont">4-8A</span></a><span xml:space="preserve" class="s2033506DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-8B"><span class="s2033506DefaultParagraphFont">4-8B</span></a><span class="s2033506DefaultParagraphFont">. In accord with § 457(g) of the Internal Revenue Code, all money in the fund and all property and rights held by the fund, at all times until made available to a participant or the participant's beneficiary, shall be held in trust for the exclusive benefit of the participant. All compensation deferred pursuant to this chapter shall be transferred not later than fifteen business days after the end of the month in which the compensation otherwise would have been paid to the participant.</span></p><p dir="ltr" class="s2033506Normal"><span xml:space="preserve" class="s2033506000001"> </span></p><p dir="ltr" class="s2033506Normal"><span class="s2033506SCL">Source:</span><span xml:space="preserve" class="s2033506SCL-000002"> SL 1987, ch 38, § 5; SL 1997, ch 32, § 1; SL 2008, ch 20, § 17; SL 2013, ch 20, § 17; SL 2016, ch 31, § 53.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033507Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033507SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033507CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033507Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2033507DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033507000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033507SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033507SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033507Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-54"><span class="s2033507SENU">3-13-54</span></a><span xml:space="preserve" class="s2033507SENU">. </span><span class="s2033507CL">Promulgation of rules--Limitation on availability of accumulated deferred compensation to participant--Exception.</span></p><p dir="ltr" class="s2033507Normal-000000"><span xml:space="preserve" class="s2033507DefaultParagraphFont">The board may promulgate rules pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2033507DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2033507DefaultParagraphFont"> concerning the time and amount of compensation which may be deferred, the persons who may participate in the plan, the conditions of participation, the time and manner in which accumulated deferrals may be made available to a participant or beneficiary, the establishment of administrative changes, and participation by political subdivisions. Except pursuant to the provisions of an automatic enrollment feature established under subdivision 3-13-56(4), in no event may the accumulated deferred compensation become available to the participant prior to thirty days following the participant's separation from employment with a participating employer unless the participant is faced with an unforeseeable emergency as determined by the board, unless an in-service distribution of a small amount of funds is made, or unless a distribution is made to a participant who has been called to perform qualified military service for a period in excess of thirty days. If a participant returns to service with a participating employer within thirty days following separation from service, the accumulated deferred compensation is not available to the participant.</span></p><p dir="ltr" class="s2033507Normal"><span xml:space="preserve" class="s2033507000001"> </span></p><p dir="ltr" class="s2033507Normal"><span class="s2033507SCL">Source:</span><span xml:space="preserve" class="s2033507SCL-000002"> SL 1987, ch 38, § 6; SL 2009, ch 20, § 4; SL 2011, ch 20, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa7a04c034a504bb98601b577d7d23804Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa7a04c034a504bb98601b577d7d23804SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa7a04c034a504bb98601b577d7d23804CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa7a04c034a504bb98601b577d7d23804Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa7a04c034a504bb98601b577d7d23804StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.sa7a04c034a504bb98601b577d7d23804StatuteNumber2 { margin-left: 1.25in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sa7a04c034a504bb98601b577d7d23804000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa7a04c034a504bb98601b577d7d23804NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa7a04c034a504bb98601b577d7d23804SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-55 - Definition of terms."><meta property="og:description" content="SDLRC Codified Law 3-13-55 - Definition of terms."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-55"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-55" rel="noopener"><span class="sa7a04c034a504bb98601b577d7d23804SENU">3-13-55</span></a><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804SENU">. </span><span class="sa7a04c034a504bb98601b577d7d23804CL">Definition of terms.</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804Statute"><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">The definitions contained in chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C" rel="noopener"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">3-12C</span></a><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont"> apply to this chapter unless the context clearly otherwise requires. Terms used in this chapter mean:</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(1)    "Account," the record for each participant reflecting the amount of the participant's deferrals, allocated investment gains and losses, and administrative charges against those amounts;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(2)    "Accounting date," the date on which an investment is valued and the total investment return is allocated to a participant's account;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(3)    "Accumulated deferred compensation," compensation deferred by a participant in the plan, plus any investment return thereon;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(4)    "Automatic enrollee," an individual who becomes an employee of an automatic enrollment unit;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(5)     Automatic enrollment unit," any unit of state or local government that participates in the system and whose leadership chooses to provide automatic enrollment to the unit's employees;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(6)    "Compensation," total cash remuneration paid to an employee by a participating employer for personal services rendered to the participating employer;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(7)    "Deferred compensation" or "deferrals," the portion of a participant's compensation deferred pursuant to this plan, including, pre-tax contributions, designated Roth contributions, or both;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(8)    "Dependent," a participant's qualifying child or a participant's qualifying relative, as defined in § 152 of the Internal Revenue Code;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(9)    "Designated Roth contributions," a participant's deferred compensation that is includable in the participant's gross income at the time deferred and has been irrevocably designated as Roth contributions by the participant in accordance with federal law;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(10)    "Employee," an individual providing services to this state or a political subdivision of this state, for which compensation is paid by a participating employer, including:</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(a)    A member of the Legislature;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(b)    A member of a board or commission of this state or a political subdivision of this state;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(c)    An individual employed by an agency, board, or commission of this state or a political subdivision of this state; and</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(d)    An individual furnishing services to this state or a political subdivision of this state pursuant to a contract as an independent contractor;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(11)    "Includible compensation," the compensation remaining after subtracting any pre-tax contributions under the plan;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(12)    "Normal retirement date," the date a participant is eligible to retire, pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C" rel="noopener"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">3-12C</span></a><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">, without reduced benefits;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(13)    "Participant," an employee of a participating employer who elects to participate in the plan;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(14)    "Participation agreement," the written agreement between an employer and an employee under which compensation is deferred pursuant to this plan;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(15)    "Plan," the South Dakota deferred compensation plan as provided for in this chapter;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(16)    "Pre-tax contribution," a participant's deferred compensation, which is not includable in the participant's gross income at the time deferred;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(17)    "Plan year," a calendar year ending on December thirty-first;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(18)    "Severance from employment," the complete severance of a participant's employment relationship with a participating employer, as set forth in § 457(d)(1)(A) of the Internal Revenue Code;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(19)    "Third-party administrator," a person who, pursuant to contract, handles administration of the plan on behalf of the board and the executive director;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(20)    "Unforeseeable emergency," a severe financial hardship to a participant resulting from:</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(a)    An illness or accident of the participant, a dependent of the participant, or a designated beneficiary of the participant;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(b)    The funeral expenses of a dependent of the participant or a designated beneficiary of the participant;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(c)    A severe loss of income that is beyond the control of the participant;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(d)    The loss of the participant's property due to casualty;</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(e)    The imminent foreclosure or eviction from a participant's primary residence; or</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber2"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(f)    Any other similar, extraordinary, and unforeseeable circumstance arising as a result of events beyond the control of the participant; and</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804StatuteNumber1"><span class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont">(21)    "Vendor," a person selected by the state investment officer to provide investment or insurance products to the plan.</span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804Normal"><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804000000"> </span></p><p dir="ltr" class="sa7a04c034a504bb98601b577d7d23804NoIndent"><span xml:space="preserve" class="sa7a04c034a504bb98601b577d7d23804DefaultParagraphFont-000001">Source: </span><span class="sa7a04c034a504bb98601b577d7d23804SCL">SL 1987, ch 38, § 7; SL 2012, ch 26, § 14; SL 2025, ch 27, § 76.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033509Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2033509SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033509CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033509Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2033509DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2033509Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2033509Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2033509000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033509SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033509SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2033509Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-56"><span class="s2033509SENU">3-13-56</span></a><span xml:space="preserve" class="s2033509SENU">. </span><span class="s2033509CL">Automatic enrollment feature.</span></p><p dir="ltr" class="s2033509Normal-000000"><span xml:space="preserve" class="s2033509DefaultParagraphFont">The board may establish an automatic enrollment feature within the plan by rules promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2033509DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2033509DefaultParagraphFont"> and § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-54"><span class="s2033509DefaultParagraphFont">3-13-54</span></a><span class="s2033509DefaultParagraphFont">. Any automatic enrollment feature established by the board shall include:</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(1)    A provision that automatic enrollment shall apply to newly-employed members hired after a specified future date, any state employees not contributing to the deferred compensation plan as of June 30, 2019, and employees of any other automatic enrollment unit that elects automatic enrollment for its employees not contributing to the deferred compensation plan;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(2)    A provision that automatic enrollment shall apply only to the employees of those participating units that choose the automatic enrollment feature for the unit's employees;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(3)    A provision that automatic enrollment may not require more than an established maximum contribution per month per automatically-enrolled participant;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(4)    A provision that a participant who is automatically enrolled shall have as long as ninety days after the start of employment to discontinue participation in the plan;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(5)    A provision that an automatically-enrolled participant who discontinues participation in the plan within ninety days of enrollment shall receive a refund of the participant's account within thirty days after discontinuing participation;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(6)    A provision that the state investment officer shall select a default investment fund to receive contributions by any automatically-enrolled participant who does not choose an investment alternative to receive the participant's contributions;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(7)    A provision authorizing participating units and the system to make contributions to the plan for the benefit of participants;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(8)    A provision that the plan shall adhere to notice requirements to automatically-enrolled participants in accord with Internal Revenue Service Rulings 98-30 and 2000-8;</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(9)    A provision that automatic enrollment does not require advance authorization by a participant, which is hereby deemed to be an exception to the provisions of any state law requiring employee authorization for a payroll deduction or any similar ordinance of a local participating unit; and</span></p><p dir="ltr" class="s2033509Normal-000001"><span class="s2033509DefaultParagraphFont">(10)    A provision that the amount of compensation deferred by an automatically-enrolled participant shall automatically increase by a specified amount each year unless the participant elects not to participate in automatic escalation or elects to defer a different amount than specified.</span></p><p dir="ltr" class="s2033509Normal-000002"><span class="s2033509DefaultParagraphFont">If a participant discontinues participation pursuant to subdivision (4), that act is a permissive withdrawal pursuant to § 414(w) of the Internal Revenue Code.</span></p><p dir="ltr" class="s2033509Normal"><span xml:space="preserve" class="s2033509000003"> </span></p><p dir="ltr" class="s2033509Normal"><span class="s2033509SCL">Source:</span><span xml:space="preserve" class="s2033509SCL-000004"> SL 2008, ch 25, § 1; SL 2013, ch 20, § 18; SL 2015, ch 29, § 1; SL 2018, ch 34, § 1; SL 2019, ch 23, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.se69a3459356a43a59c67c49c517d5cceNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se69a3459356a43a59c67c49c517d5cceSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se69a3459356a43a59c67c49c517d5cceCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.se69a3459356a43a59c67c49c517d5cceStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.se69a3459356a43a59c67c49c517d5cce000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.se69a3459356a43a59c67c49c517d5cceNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se69a3459356a43a59c67c49c517d5cceSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.1 - Enrollment--Effective date--Deferral."><meta property="og:description" content="SDLRC Codified Law 3-13-56.1 - Enrollment--Effective date--Deferral."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.1" rel="noopener"><span class="se69a3459356a43a59c67c49c517d5cceSENU">3-13-56.1</span></a><span xml:space="preserve" class="se69a3459356a43a59c67c49c517d5cceSENU">. </span><span class="se69a3459356a43a59c67c49c517d5cceCL">Enrollment--Effective date--Deferral.</span></p><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceStatute"><span class="se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont">An eligible employee may become a participant by signing a participation agreement.</span></p><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceStatute"><span class="se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont">Participation is effective on the first available pay date following the execution of the participation agreement, subject to the timing of payroll processing by the participant s employer. If a participation agreement is untimely filed for a change to be made effective for the next following pay period, the change is effective in the subsequent pay period. If a new employee signs and files a participation agreement on the employee's date of hire, the agreement may become effective immediately.</span></p><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceStatute"><span class="se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont">The plan may not accept any deferrals unless a signed participation agreement is on file in the office of the executive director or the third-party administrator.</span></p><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceNormal"><span xml:space="preserve" class="se69a3459356a43a59c67c49c517d5cce000000"> </span></p><p dir="ltr" class="se69a3459356a43a59c67c49c517d5cceNoIndent"><span xml:space="preserve" class="se69a3459356a43a59c67c49c517d5cceDefaultParagraphFont-000001">Source: </span><span class="se69a3459356a43a59c67c49c517d5cceSCL">SL 2025, ch 27, § 77.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s1bfea7fd2297492f992e6fcf5077c9fdNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1bfea7fd2297492f992e6fcf5077c9fdSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1bfea7fd2297492f992e6fcf5077c9fdCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s1bfea7fd2297492f992e6fcf5077c9fdStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s1bfea7fd2297492f992e6fcf5077c9fdStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s1bfea7fd2297492f992e6fcf5077c9fd000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s1bfea7fd2297492f992e6fcf5077c9fdNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1bfea7fd2297492f992e6fcf5077c9fdSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.2 - Enrollment--Form."><meta property="og:description" content="SDLRC Codified Law 3-13-56.2 - Enrollment--Form."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.2" rel="noopener"><span class="s1bfea7fd2297492f992e6fcf5077c9fdSENU">3-13-56.2</span></a><span xml:space="preserve" class="s1bfea7fd2297492f992e6fcf5077c9fdSENU">. </span><span class="s1bfea7fd2297492f992e6fcf5077c9fdCL">Enrollment--Form.</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdStatute"><span class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont">The executive director shall establish a participation agreement form that includes:</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdStatuteNumber1"><span class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont">(1)    The name, address, social security number, and birthdate of the participant and the participant's beneficiary;</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdStatuteNumber1"><span class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont">(2)    The name and address of the participant's employer;</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdStatuteNumber1"><span class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont">(3)    The participant's selection of investment alternatives; and</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdStatuteNumber1"><span class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont">(4)    Any other information necessary for the administration of the plan.</span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdNormal"><span xml:space="preserve" class="s1bfea7fd2297492f992e6fcf5077c9fd000000"> </span></p><p dir="ltr" class="s1bfea7fd2297492f992e6fcf5077c9fdNoIndent"><span xml:space="preserve" class="s1bfea7fd2297492f992e6fcf5077c9fdDefaultParagraphFont-000001">Source: </span><span class="s1bfea7fd2297492f992e6fcf5077c9fdSCL">SL 2025, ch 27, § 78.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sf22769aa51724e129e982394f2b295b0Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf22769aa51724e129e982394f2b295b0SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf22769aa51724e129e982394f2b295b0CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sf22769aa51724e129e982394f2b295b0Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf22769aa51724e129e982394f2b295b0DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf22769aa51724e129e982394f2b295b0000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sf22769aa51724e129e982394f2b295b0NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf22769aa51724e129e982394f2b295b0DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf22769aa51724e129e982394f2b295b0SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.3 - Enrollment--Modification."><meta property="og:description" content="SDLRC Codified Law 3-13-56.3 - Enrollment--Modification."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.3"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sf22769aa51724e129e982394f2b295b0Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.3" rel="noopener"><span class="sf22769aa51724e129e982394f2b295b0SENU">3-13-56.3</span></a><span xml:space="preserve" class="sf22769aa51724e129e982394f2b295b0SENU">. </span><span class="sf22769aa51724e129e982394f2b295b0CL">Enrollment--Modification.</span></p><p dir="ltr" class="sf22769aa51724e129e982394f2b295b0Statute"><span class="sf22769aa51724e129e982394f2b295b0DefaultParagraphFont">A participant may modify the terms of the participant's participation at any time, subject to the limitations contained in this chapter.</span></p><p dir="ltr" class="sf22769aa51724e129e982394f2b295b0Normal"><span xml:space="preserve" class="sf22769aa51724e129e982394f2b295b0000000"> </span></p><p dir="ltr" class="sf22769aa51724e129e982394f2b295b0NoIndent"><span xml:space="preserve" class="sf22769aa51724e129e982394f2b295b0DefaultParagraphFont-000001">Source: </span><span class="sf22769aa51724e129e982394f2b295b0SCL">SL 2025, ch 27, § 79.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s38f46f6730ff4a089f64f828a9c8e483Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s38f46f6730ff4a089f64f828a9c8e483SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s38f46f6730ff4a089f64f828a9c8e483CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s38f46f6730ff4a089f64f828a9c8e483Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s38f46f6730ff4a089f64f828a9c8e483DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s38f46f6730ff4a089f64f828a9c8e483000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s38f46f6730ff4a089f64f828a9c8e483NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s38f46f6730ff4a089f64f828a9c8e483DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s38f46f6730ff4a089f64f828a9c8e483SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.4 - Minimum deferral."><meta property="og:description" content="SDLRC Codified Law 3-13-56.4 - Minimum deferral."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.4"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s38f46f6730ff4a089f64f828a9c8e483Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.4" rel="noopener"><span class="s38f46f6730ff4a089f64f828a9c8e483SENU">3-13-56.4</span></a><span xml:space="preserve" class="s38f46f6730ff4a089f64f828a9c8e483SENU">. </span><span class="s38f46f6730ff4a089f64f828a9c8e483CL">Minimum deferral.</span></p><p dir="ltr" class="s38f46f6730ff4a089f64f828a9c8e483Statute"><span class="s38f46f6730ff4a089f64f828a9c8e483DefaultParagraphFont">A participant may not defer less than twenty-five dollars per month.</span></p><p dir="ltr" class="s38f46f6730ff4a089f64f828a9c8e483Normal"><span xml:space="preserve" class="s38f46f6730ff4a089f64f828a9c8e483000000"> </span></p><p dir="ltr" class="s38f46f6730ff4a089f64f828a9c8e483NoIndent"><span xml:space="preserve" class="s38f46f6730ff4a089f64f828a9c8e483DefaultParagraphFont-000001">Source: </span><span class="s38f46f6730ff4a089f64f828a9c8e483SCL">SL 2025, ch 27, § 80.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4f16f2bf2c0a4c54b1f9b0e736992001Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4f16f2bf2c0a4c54b1f9b0e736992001SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4f16f2bf2c0a4c54b1f9b0e736992001CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4f16f2bf2c0a4c54b1f9b0e736992001Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4f16f2bf2c0a4c54b1f9b0e736992001StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s4f16f2bf2c0a4c54b1f9b0e736992001000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4f16f2bf2c0a4c54b1f9b0e736992001NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4f16f2bf2c0a4c54b1f9b0e736992001SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.5 - Maximum deferral."><meta property="og:description" content="SDLRC Codified Law 3-13-56.5 - Maximum deferral."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.5"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.5" rel="noopener"><span class="s4f16f2bf2c0a4c54b1f9b0e736992001SENU">3-13-56.5</span></a><span xml:space="preserve" class="s4f16f2bf2c0a4c54b1f9b0e736992001SENU">. </span><span class="s4f16f2bf2c0a4c54b1f9b0e736992001CL">Maximum deferral.</span></p><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001Statute"><span xml:space="preserve" class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">Except as provided for in §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-65" rel="noopener"><span class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">3-13-65</span></a><span xml:space="preserve" class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-66" rel="noopener"><span class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">3-13-66</span></a><span class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">, a participant may not defer more in any plan year than the lesser of:</span></p><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001StatuteNumber1"><span class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">(1)    The applicable dollar amount associated with a particular year pursuant to § 457(e)(15)(A) of the Internal Revenue Code, as indexed after 2006 pursuant to § 457(e)(15)(B) of the Internal Revenue Code; or</span></p><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001StatuteNumber1"><span class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont">(2)    One hundred percent of the participant's includible compensation.</span></p><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001Normal"><span xml:space="preserve" class="s4f16f2bf2c0a4c54b1f9b0e736992001000000"> </span></p><p dir="ltr" class="s4f16f2bf2c0a4c54b1f9b0e736992001NoIndent"><span xml:space="preserve" class="s4f16f2bf2c0a4c54b1f9b0e736992001DefaultParagraphFont-000001">Source: </span><span class="s4f16f2bf2c0a4c54b1f9b0e736992001SCL">SL 2025, ch 27, § 81.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd93427705b134b2ca8d263c473e752bcNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd93427705b134b2ca8d263c473e752bcSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd93427705b134b2ca8d263c473e752bcCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd93427705b134b2ca8d263c473e752bcStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd93427705b134b2ca8d263c473e752bc000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sd93427705b134b2ca8d263c473e752bcNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd93427705b134b2ca8d263c473e752bcSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.6 - Employer contribution--System contribution--Vesting."><meta property="og:description" content="SDLRC Codified Law 3-13-56.6 - Employer contribution--System contribution--Vesting."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.6"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd93427705b134b2ca8d263c473e752bcNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.6" rel="noopener"><span class="sd93427705b134b2ca8d263c473e752bcSENU">3-13-56.6</span></a><span xml:space="preserve" class="sd93427705b134b2ca8d263c473e752bcSENU">. </span><span class="sd93427705b134b2ca8d263c473e752bcCL">Employer contribution--System contribution--Vesting.</span></p><p dir="ltr" class="sd93427705b134b2ca8d263c473e752bcStatute"><span xml:space="preserve" class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">A participating employer or the system may make contributions to a participant's account on behalf of the participant, except during an automatic enrollee's ninety-day opt-out period, as provided for in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-100" rel="noopener"><span class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">3-13-100</span></a><span xml:space="preserve" class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">. Any employer contributions must be pursuant to a written agreement, as provided for in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-49.1" rel="noopener"><span class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">3-13-49.1</span></a><span class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">. The agreement may require contributions by a participant in order to qualify for an employer contribution and may establish employer contribution rates that partially or fully match the participant's contributions.</span></p><p dir="ltr" class="sd93427705b134b2ca8d263c473e752bcStatute"><span class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont">The board may establish any system contributions. The board may require a contribution by a participant in order to qualify for a system contribution and may establish system contribution rates that partially or fully match the participant's contribution. Any employer contribution or system contribution vests immediately with the participant.</span></p><p dir="ltr" class="sd93427705b134b2ca8d263c473e752bcNormal"><span xml:space="preserve" class="sd93427705b134b2ca8d263c473e752bc000000"> </span></p><p dir="ltr" class="sd93427705b134b2ca8d263c473e752bcNoIndent"><span xml:space="preserve" class="sd93427705b134b2ca8d263c473e752bcDefaultParagraphFont-000001">Source: </span><span class="sd93427705b134b2ca8d263c473e752bcSCL">SL 2025, ch 27, § 82.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s56da062b0a0d46f1a5ceb17e639f51acNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s56da062b0a0d46f1a5ceb17e639f51acSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s56da062b0a0d46f1a5ceb17e639f51acCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s56da062b0a0d46f1a5ceb17e639f51acStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s56da062b0a0d46f1a5ceb17e639f51acDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s56da062b0a0d46f1a5ceb17e639f51ac000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s56da062b0a0d46f1a5ceb17e639f51acNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s56da062b0a0d46f1a5ceb17e639f51acDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s56da062b0a0d46f1a5ceb17e639f51acSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.7 - Ceasing of deferrals."><meta property="og:description" content="SDLRC Codified Law 3-13-56.7 - Ceasing of deferrals."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.7"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s56da062b0a0d46f1a5ceb17e639f51acNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.7" rel="noopener"><span class="s56da062b0a0d46f1a5ceb17e639f51acSENU">3-13-56.7</span></a><span xml:space="preserve" class="s56da062b0a0d46f1a5ceb17e639f51acSENU">. </span><span class="s56da062b0a0d46f1a5ceb17e639f51acCL">Ceasing of deferrals.</span></p><p dir="ltr" class="s56da062b0a0d46f1a5ceb17e639f51acStatute"><span class="s56da062b0a0d46f1a5ceb17e639f51acDefaultParagraphFont">A participant may cease making deferrals at any time.</span></p><p dir="ltr" class="s56da062b0a0d46f1a5ceb17e639f51acNormal"><span xml:space="preserve" class="s56da062b0a0d46f1a5ceb17e639f51ac000000"> </span></p><p dir="ltr" class="s56da062b0a0d46f1a5ceb17e639f51acNoIndent"><span xml:space="preserve" class="s56da062b0a0d46f1a5ceb17e639f51acDefaultParagraphFont-000001">Source: </span><span class="s56da062b0a0d46f1a5ceb17e639f51acSCL">SL 2025, ch 27, § 83.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sab002a0325b14d5ea10995c32d820655Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sab002a0325b14d5ea10995c32d820655SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sab002a0325b14d5ea10995c32d820655CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sab002a0325b14d5ea10995c32d820655Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sab002a0325b14d5ea10995c32d820655DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sab002a0325b14d5ea10995c32d820655StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sab002a0325b14d5ea10995c32d820655000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sab002a0325b14d5ea10995c32d820655NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sab002a0325b14d5ea10995c32d820655DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sab002a0325b14d5ea10995c32d820655SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.8 - Designation of beneficiary--Distribution on death."><meta property="og:description" content="SDLRC Codified Law 3-13-56.8 - Designation of beneficiary--Distribution on death."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.8"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.8" rel="noopener"><span class="sab002a0325b14d5ea10995c32d820655SENU">3-13-56.8</span></a><span xml:space="preserve" class="sab002a0325b14d5ea10995c32d820655SENU">. </span><span class="sab002a0325b14d5ea10995c32d820655CL">Designation of beneficiary--Distribution on death.</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655Statute"><span class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont">A participant may designate a beneficiary to receive the participant's benefits under the plan in case of the death of the participant.</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655Statute"><span class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont">If the beneficiary does not survive the participant or if no beneficiary is designated, the participant's benefits are paid as follows:</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655StatuteNumber1"><span class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont">(1)    To the participant's surviving spouse;</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655StatuteNumber1"><span class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont">(2)    If there is no surviving spouse, then to all surviving children of the participant, irrespective of age, on a share-alike basis; or</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655StatuteNumber1"><span class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont">(3)    If there is no surviving spouse and there are no surviving children, then to the participant's estate.</span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655Normal"><span xml:space="preserve" class="sab002a0325b14d5ea10995c32d820655000000"> </span></p><p dir="ltr" class="sab002a0325b14d5ea10995c32d820655NoIndent"><span xml:space="preserve" class="sab002a0325b14d5ea10995c32d820655DefaultParagraphFont-000001">Source: </span><span class="sab002a0325b14d5ea10995c32d820655SCL">SL 2025, ch 27, § 84.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s004c565373a54f70a5e7aa111764bf22Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s004c565373a54f70a5e7aa111764bf22SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s004c565373a54f70a5e7aa111764bf22CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s004c565373a54f70a5e7aa111764bf22Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s004c565373a54f70a5e7aa111764bf22000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s004c565373a54f70a5e7aa111764bf22NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s004c565373a54f70a5e7aa111764bf22SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-56.9 - Political subdivision--Deferred compensation plan as principal retirement plan limited."><meta property="og:description" content="SDLRC Codified Law 3-13-56.9 - Political subdivision--Deferred compensation plan as principal retirement plan limited."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-56.9"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s004c565373a54f70a5e7aa111764bf22Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.9" rel="noopener"><span class="s004c565373a54f70a5e7aa111764bf22SENU">3-13-56.9</span></a><span xml:space="preserve" class="s004c565373a54f70a5e7aa111764bf22SENU">. </span><span class="s004c565373a54f70a5e7aa111764bf22CL">Political subdivision--Deferred compensation plan as principal retirement plan limited.</span></p><p dir="ltr" class="s004c565373a54f70a5e7aa111764bf22Statute"><span xml:space="preserve" class="s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont">A political subdivision may not maintain a deferred compensation plan as its principal retirement plan unless the deferred compensation plan was established prior to 1974. A deferred compensation plan established pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13" rel="noopener"><span class="s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont">3-13</span></a><span xml:space="preserve" class="s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont"> may only be supplemental or secondary to the political subdivision's primary plan.</span></p><p dir="ltr" class="s004c565373a54f70a5e7aa111764bf22Normal"><span xml:space="preserve" class="s004c565373a54f70a5e7aa111764bf22000000"> </span></p><p dir="ltr" class="s004c565373a54f70a5e7aa111764bf22NoIndent"><span xml:space="preserve" class="s004c565373a54f70a5e7aa111764bf22DefaultParagraphFont-000001">Source: </span><span class="s004c565373a54f70a5e7aa111764bf22SCL">SL 2025, ch 27, § 85.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd18ccc9e22fe4fe3b85dbe4b3b3d70b1SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-57 - Roth contribution program--Authorization--Definition--Promulgation of rules."><meta property="og:description" content="SDLRC Codified Law 3-13-57 - Roth contribution program--Authorization--Definition--Promulgation of rules."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-57"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57" rel="noopener"><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1SENU">3-13-57</span></a><span xml:space="preserve" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1SENU">. </span><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1CL">Roth contribution program--Authorization--Definition--Promulgation of rules.</span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Statute"><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">The board may establish a designated Roth contribution program within the deferred compensation plan. For purposes of this section, a "designated Roth contribution" means an elective salary deferral that is:</span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1StatuteNumber1"><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">(1)    Designated irrevocably by the participant at the time of the deferred election as a designated Roth contribution that is being made in lieu of all or a portion of the pre-tax elective deferrals the participant is otherwise eligible to make under the plan; and</span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1StatuteNumber1"><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">(2)    Treated by the employer as includable in the participant's income at the time the participant would have received that amount in compensation if the participant had not made a deferred election.</span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Statute"><span xml:space="preserve" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">The board may promulgate rules, pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=1-26" rel="noopener"><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">1-26</span></a><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont">, relating to distributions, conversions, transfers, rollovers, and limitations with regard to the designated Roth contribution program in accordance with federal law.</span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1Normal"><span xml:space="preserve" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1000000"> </span></p><p dir="ltr" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1NoIndent"><span xml:space="preserve" class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1DefaultParagraphFont-000001">Source: </span><span class="sd18ccc9e22fe4fe3b85dbe4b3b3d70b1SCL">SL 2012, ch 28, § 1; SL 2025, ch 27, § 86.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s3db11a8c81f7450fba3de2b02d36ceabNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3db11a8c81f7450fba3de2b02d36ceabSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3db11a8c81f7450fba3de2b02d36ceabCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s3db11a8c81f7450fba3de2b02d36ceabStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3db11a8c81f7450fba3de2b02d36ceabDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s3db11a8c81f7450fba3de2b02d36ceab000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s3db11a8c81f7450fba3de2b02d36ceabNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3db11a8c81f7450fba3de2b02d36ceabDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3db11a8c81f7450fba3de2b02d36ceabSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-57.1 - Roth contribution program--Contributions are deferrals."><meta property="og:description" content="SDLRC Codified Law 3-13-57.1 - Roth contribution program--Contributions are deferrals."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-57.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s3db11a8c81f7450fba3de2b02d36ceabNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.1" rel="noopener"><span class="s3db11a8c81f7450fba3de2b02d36ceabSENU">3-13-57.1</span></a><span xml:space="preserve" class="s3db11a8c81f7450fba3de2b02d36ceabSENU">. </span><span class="s3db11a8c81f7450fba3de2b02d36ceabCL">Roth contribution program--Contributions are deferrals.</span></p><p dir="ltr" class="s3db11a8c81f7450fba3de2b02d36ceabStatute"><span class="s3db11a8c81f7450fba3de2b02d36ceabDefaultParagraphFont">Except as otherwise provided, a designated Roth contribution is treated as deferred compensation for all purposes under the plan.</span></p><p dir="ltr" class="s3db11a8c81f7450fba3de2b02d36ceabNormal"><span xml:space="preserve" class="s3db11a8c81f7450fba3de2b02d36ceab000000"> </span></p><p dir="ltr" class="s3db11a8c81f7450fba3de2b02d36ceabNoIndent"><span xml:space="preserve" class="s3db11a8c81f7450fba3de2b02d36ceabDefaultParagraphFont-000001">Source: </span><span class="s3db11a8c81f7450fba3de2b02d36ceabSCL">SL 2025, ch 27, § 87.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s6b13d4d22a7f4359931413051c4df840Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6b13d4d22a7f4359931413051c4df840SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6b13d4d22a7f4359931413051c4df840CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s6b13d4d22a7f4359931413051c4df840Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6b13d4d22a7f4359931413051c4df840DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s6b13d4d22a7f4359931413051c4df840000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s6b13d4d22a7f4359931413051c4df840NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6b13d4d22a7f4359931413051c4df840DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6b13d4d22a7f4359931413051c4df840SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-57.2 - Roth contribution program--Allowed contributions--Limits."><meta property="og:description" content="SDLRC Codified Law 3-13-57.2 - Roth contribution program--Allowed contributions--Limits."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-57.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s6b13d4d22a7f4359931413051c4df840Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.2" rel="noopener"><span class="s6b13d4d22a7f4359931413051c4df840SENU">3-13-57.2</span></a><span xml:space="preserve" class="s6b13d4d22a7f4359931413051c4df840SENU">. </span><span class="s6b13d4d22a7f4359931413051c4df840CL">Roth contribution program--Allowed contributions--Limits.</span></p><p dir="ltr" class="s6b13d4d22a7f4359931413051c4df840Statute"><span class="s6b13d4d22a7f4359931413051c4df840DefaultParagraphFont">A participant may designate that all or a portion of the participant's deferred compensation be treated as a designated Roth contribution. A participant may defer both designated Roth contributions and pre-tax contributions in the same year. The total deferrals may not exceed the annual deferral limit, as provided for in § 457(e)(15)(A) of the Internal Revenue Code.</span></p><p dir="ltr" class="s6b13d4d22a7f4359931413051c4df840Normal"><span xml:space="preserve" class="s6b13d4d22a7f4359931413051c4df840000000"> </span></p><p dir="ltr" class="s6b13d4d22a7f4359931413051c4df840NoIndent"><span xml:space="preserve" class="s6b13d4d22a7f4359931413051c4df840DefaultParagraphFont-000001">Source: </span><span class="s6b13d4d22a7f4359931413051c4df840SCL">SL 2025, ch 27, § 88.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s3335d2d799c94b598bd0bd51223dff84Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3335d2d799c94b598bd0bd51223dff84SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3335d2d799c94b598bd0bd51223dff84CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s3335d2d799c94b598bd0bd51223dff84Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s3335d2d799c94b598bd0bd51223dff84000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s3335d2d799c94b598bd0bd51223dff84NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3335d2d799c94b598bd0bd51223dff84SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-57.3 - Roth contribution program--Political subdivision participation."><meta property="og:description" content="SDLRC Codified Law 3-13-57.3 - Roth contribution program--Political subdivision participation."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-57.3"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s3335d2d799c94b598bd0bd51223dff84Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.3" rel="noopener"><span class="s3335d2d799c94b598bd0bd51223dff84SENU">3-13-57.3</span></a><span xml:space="preserve" class="s3335d2d799c94b598bd0bd51223dff84SENU">. </span><span class="s3335d2d799c94b598bd0bd51223dff84CL">Roth contribution program--Political subdivision participation.</span></p><p dir="ltr" class="s3335d2d799c94b598bd0bd51223dff84Statute"><span xml:space="preserve" class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont">Any political subdivision that participates in the system, as provided for in chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C" rel="noopener"><span class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont">3-12C</span></a><span xml:space="preserve" class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont">, or participates in a previously established retirement plan, as provided for in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-304" rel="noopener"><span class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont">3-12C-304</span></a><span class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont">, is a participating employer in the plan.</span></p><p dir="ltr" class="s3335d2d799c94b598bd0bd51223dff84Normal"><span xml:space="preserve" class="s3335d2d799c94b598bd0bd51223dff84000000"> </span></p><p dir="ltr" class="s3335d2d799c94b598bd0bd51223dff84NoIndent"><span xml:space="preserve" class="s3335d2d799c94b598bd0bd51223dff84DefaultParagraphFont-000001">Source: </span><span class="s3335d2d799c94b598bd0bd51223dff84SCL">SL 2025, ch 27, § 89.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sad2d333ba1d2470aaf567414a7120723Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sad2d333ba1d2470aaf567414a7120723SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sad2d333ba1d2470aaf567414a7120723CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sad2d333ba1d2470aaf567414a7120723Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sad2d333ba1d2470aaf567414a7120723DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sad2d333ba1d2470aaf567414a7120723000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sad2d333ba1d2470aaf567414a7120723NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sad2d333ba1d2470aaf567414a7120723DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sad2d333ba1d2470aaf567414a7120723SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-57.4 - Roth contribution program--Employee eligibility."><meta property="og:description" content="SDLRC Codified Law 3-13-57.4 - Roth contribution program--Employee eligibility."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-57.4"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sad2d333ba1d2470aaf567414a7120723Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-57.4" rel="noopener"><span class="sad2d333ba1d2470aaf567414a7120723SENU">3-13-57.4</span></a><span xml:space="preserve" class="sad2d333ba1d2470aaf567414a7120723SENU">. </span><span class="sad2d333ba1d2470aaf567414a7120723CL">Roth contribution program--Employee eligibility.</span></p><p dir="ltr" class="sad2d333ba1d2470aaf567414a7120723Statute"><span class="sad2d333ba1d2470aaf567414a7120723DefaultParagraphFont">Any employee receiving compensation from a participating employer may elect to participate in the plan.</span></p><p dir="ltr" class="sad2d333ba1d2470aaf567414a7120723Normal"><span xml:space="preserve" class="sad2d333ba1d2470aaf567414a7120723000000"> </span></p><p dir="ltr" class="sad2d333ba1d2470aaf567414a7120723NoIndent"><span xml:space="preserve" class="sad2d333ba1d2470aaf567414a7120723DefaultParagraphFont-000001">Source: </span><span class="sad2d333ba1d2470aaf567414a7120723SCL">SL 2025, ch 27, § 90.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb63b400a53f948e4b7783d8e8ba959f5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb63b400a53f948e4b7783d8e8ba959f5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb63b400a53f948e4b7783d8e8ba959f5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb63b400a53f948e4b7783d8e8ba959f5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber2 { margin-left: 1.25in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sb63b400a53f948e4b7783d8e8ba959f5000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb63b400a53f948e4b7783d8e8ba959f5NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb63b400a53f948e4b7783d8e8ba959f5SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-58 - Required minimum distributions--General rule."><meta property="og:description" content="SDLRC Codified Law 3-13-58 - Required minimum distributions--General rule."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-58"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-58" rel="noopener"><span class="sb63b400a53f948e4b7783d8e8ba959f5SENU">3-13-58</span></a><span xml:space="preserve" class="sb63b400a53f948e4b7783d8e8ba959f5SENU">. </span><span class="sb63b400a53f948e4b7783d8e8ba959f5CL">Required minimum distributions--General rule.</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5Statute"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">The system shall pay all benefits in accordance with a good faith interpretation of the requirements in § 401(a)(9) of the Internal Revenue Code and the regulations in effect under that section, as applicable to a governmental plan within the meaning of § 414(d) of the Internal Revenue Code.</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5Statute"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">The participant's entire interest must be distributed, or begin to be distributed, by the required beginning date, which is April first of the calendar year following the later of:</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber1"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(1)    The calendar year in which the participant reaches the applicable age, which is determined as follows:</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber2"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(a)    If the member was born before July 1, 1949, the applicable age is seventy and one-half;</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber2"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(b)    If the member attained age seventy-two before January 1, 2023, the applicable age is seventy-two;</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber2"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(c)    If the member attains age seventy-two after December 31, 2022, the applicable age is seventy-three; or</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber2"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(d)    Effective January 1, 2033, applicable age shall have the meaning set forth in § 401(a)(9)(C)(v) of the Internal Revenue Code; or</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5StatuteNumber1"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">(2)    The calendar year in which the participant retires and separates from service with the member's employer.</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5Statute"><span class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont">A participant or beneficiary eligible for benefits must apply for benefits in order to commence distribution of benefits. The system, pursuant to a qualified domestic relations order, may establish separate benefits for a participant and alternate payee.</span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5Normal"><span xml:space="preserve" class="sb63b400a53f948e4b7783d8e8ba959f5000000"> </span></p><p dir="ltr" class="sb63b400a53f948e4b7783d8e8ba959f5NoIndent"><span xml:space="preserve" class="sb63b400a53f948e4b7783d8e8ba959f5DefaultParagraphFont-000001">Source: </span><span class="sb63b400a53f948e4b7783d8e8ba959f5SCL">SL 2021, ch 28, § 7; SL 2024, ch 21, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083166Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083166SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083166CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083166Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083166DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083166000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083166NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083166DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083166SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-59 - Required minimum distributions--Participant's death after distributions begun."><meta property="og:description" content="SDLRC Codified Law 3-13-59 - Required minimum distributions--Participant's death after distributions begun."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=3-13-59"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083166Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-59" rel="noopener"><span class="s2083166SENU">3-13-59</span></a><span xml:space="preserve" class="s2083166SENU">. </span><span xml:space="preserve" class="s2083166CL">Required minimum distributions--Participant's death after distributions begun. </span></p><p dir="ltr" class="s2083166Statute"><span class="s2083166DefaultParagraphFont">If a participant dies after the required distribution of benefits has begun, the remaining portion of the participant's interest shall be distributed at least as rapidly as under the same method of distribution before the participant's death.</span></p><p dir="ltr" class="s2083166Normal"><span xml:space="preserve" class="s2083166000000"> </span></p><p dir="ltr" class="s2083166NoIndent"><span xml:space="preserve" class="s2083166DefaultParagraphFont-000001">Source: </span><span class="s2083166SCL">SL 2021, ch 28, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s3599fdc0d8134cff833f681b5cd0c6a5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3599fdc0d8134cff833f681b5cd0c6a5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3599fdc0d8134cff833f681b5cd0c6a5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s3599fdc0d8134cff833f681b5cd0c6a5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s3599fdc0d8134cff833f681b5cd0c6a5StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s3599fdc0d8134cff833f681b5cd0c6a5000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s3599fdc0d8134cff833f681b5cd0c6a5NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3599fdc0d8134cff833f681b5cd0c6a5SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-60 - Required minimum distributions--Participant's death before 2022 and distributions."><meta property="og:description" content="SDLRC Codified Law 3-13-60 - Required minimum distributions--Participant's death before 2022 and distributions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-60"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-60" rel="noopener"><span class="s3599fdc0d8134cff833f681b5cd0c6a5SENU">3-13-60</span></a><span xml:space="preserve" class="s3599fdc0d8134cff833f681b5cd0c6a5SENU">. </span><span class="s3599fdc0d8134cff833f681b5cd0c6a5CL">Required minimum distributions--Participant's death before 2022 and distributions.</span></p><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5Statute"><span class="s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont">If a participant died on or before December 31, 2021, and before required distribution of the participant's benefits commenced, the participant's interest must be distributed as follows:</span></p><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5StatuteNumber1"><span class="s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont">(1)    If the participant has a surviving spouse, the surviving spouse must receive benefits over the life of the surviving spouse beginning as soon as administratively possible and effective the month after the participant's death; or</span></p><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5StatuteNumber1"><span class="s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont">(2)    If the participant has no surviving spouse, the participant's remaining interest must be distributed in a lump sum payment to the designated beneficiary within five years from the date of the participant's death.</span></p><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5Normal"><span xml:space="preserve" class="s3599fdc0d8134cff833f681b5cd0c6a5000000"> </span></p><p dir="ltr" class="s3599fdc0d8134cff833f681b5cd0c6a5NoIndent"><span xml:space="preserve" class="s3599fdc0d8134cff833f681b5cd0c6a5DefaultParagraphFont-000001">Source: </span><span class="s3599fdc0d8134cff833f681b5cd0c6a5SCL">SL 2021, ch 28, § 9; SL 2026, ch 26, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083164Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083164SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083164CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083164Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083164DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083164000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083164NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083164DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083164SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-61 - Required minimum distributions--Reasonable and made in good faith."><meta property="og:description" content="SDLRC Codified Law 3-13-61 - Required minimum distributions--Reasonable and made in good faith."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=3-13-61"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083164Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-61" rel="noopener"><span class="s2083164SENU">3-13-61</span></a><span xml:space="preserve" class="s2083164SENU">. </span><span xml:space="preserve" class="s2083164CL">Required minimum distributions--Reasonable and made in good faith. </span></p><p dir="ltr" class="s2083164Statute"><span xml:space="preserve" class="s2083164DefaultParagraphFont">Notwithstanding the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-58" rel="noopener"><span class="s2083164DefaultParagraphFont">3-13-58</span></a><span xml:space="preserve" class="s2083164DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-60" rel="noopener"><span class="s2083164DefaultParagraphFont">3-13-60</span></a><span class="s2083164DefaultParagraphFont">, inclusive, or the provisions of United States Treasury regulations, benefit options may continue so long as the option satisfies § 401(a)(9) of the Internal Revenue Code based on a reasonable and good faith interpretation of that section.</span></p><p dir="ltr" class="s2083164Normal"><span xml:space="preserve" class="s2083164000000"> </span></p><p dir="ltr" class="s2083164NoIndent"><span xml:space="preserve" class="s2083164DefaultParagraphFont-000001">Source: </span><span class="s2083164SCL">SL 2021, ch 28, § 10.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa5e7a583f7fe453a8af558d18791dfaeNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa5e7a583f7fe453a8af558d18791dfaeSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa5e7a583f7fe453a8af558d18791dfaeCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa5e7a583f7fe453a8af558d18791dfaeStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2 { margin-left: 1.25in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber3 { margin-left: 1.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sa5e7a583f7fe453a8af558d18791dfae000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa5e7a583f7fe453a8af558d18791dfaeNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa5e7a583f7fe453a8af558d18791dfaeSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-62 - Required minimum distributions--Participant's death after 2021."><meta property="og:description" content="SDLRC Codified Law 3-13-62 - Required minimum distributions--Participant's death after 2021."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-62"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-62" rel="noopener"><span class="sa5e7a583f7fe453a8af558d18791dfaeSENU">3-13-62</span></a><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfaeSENU">. </span><span class="sa5e7a583f7fe453a8af558d18791dfaeCL">Required minimum distributions--Participant's death after 2021.</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatute"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">Notwithstanding any contrary provisions, the following distribution provisions are effective for any participant death after December 31, 2021, subject to any regulations or other guidance issued under the Setting Every Community Up for Retirement Enhancement Act, Pub. L. No. 116-94, Div. O, 133 Stat. 2534 (2019) or Pub. L. No. 117-328, Div. T, 136 Stat. 4459 (2022):</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber1"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(1)    If the participant dies before the distribution of the participant's entire account, regardless of whether any distributions commenced before the participant's death, and the participant has a designated beneficiary:</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(a)    The entire account must be distributed to the designated beneficiary by December thirty-first of the calendar year containing the tenth anniversary of the participant's death;</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(b)    Notwithstanding subsection (a), if the designated beneficiary is an eligible designated beneficiary, the eligible designated beneficiary may elect for the participant's account to be distributed by:</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber3"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(i)    December thirty-first of the calendar year containing the tenth anniversary of the participant's death; or</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber3"><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(ii)    Beginning no later than December thirty-first of the calendar year immediately following the calendar year in which the participant died, over the life of the eligible designated beneficiary or over a period not exceeding the life expectancy of the eligible designated beneficiary. If the eligible designated beneficiary is the surviving spouse, payment under this paragraph is not required until the later of December thirty-first of the calendar year immediately following the calendar year in which the participant died or December thirty-first of the calendar year in which the participant would have attained the applicable age, as provided in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-58" rel="noopener"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">3-13-58</span></a><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">. The surviving spouse is deemed to have elected treatment in accordance with </span><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">section 401(a)(9)(B)(iv) of the Internal Revenue Code</span><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont"> and any applicable guidance, unless the spouse elects otherwise. If the eligible designated beneficiary does not elect a method of distribution, the participant's account must be distributed in accordance with paragraph (ii) of this subsection; or</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(c)    Upon either the death of an eligible designated beneficiary before distribution of the participant's entire account or the attainment of the age of majority for an eligible designated beneficiary who is a minor child under subsection (4)(b), subsection (1)(b) no longer applies and the remainder of the entire account must be distributed to the designated beneficiary by December thirty-first of the calendar year containing the tenth anniversary of the eligible designated beneficiary's death or December thirty-first of the calendar year containing the tenth anniversary of the date the minor child reached the age of majority, respectively;</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber1"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(2)    If the participant dies before distribution of the account begins and the participant has no designated beneficiary, the participant's account must be distributed by December thirty-first of the calendar year containing the fifth anniversary of the participant's death. If the participant dies after distribution of the account begins and the participant has no designated beneficiary, any remaining portion of the account must continue to be distributed at least as rapidly as under the method of distribution in effect at the time of the participant's death;</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber1"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(3)    Any distribution required under the incidental death benefit requirements of Internal Revenue Code section 401(a) must be treated as distributions required under this section; and</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber1"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(4)    For purposes of this section, "eligible designated beneficiary" means a designated beneficiary who, as of the date of the death of the participant, is:</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(a)    The surviving spouse of the participant;</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(b)    A child of the participant, who has not reached the age of majority, provided that the child ceases to be an eligible designated beneficiary as of the date the child reaches the age of majority;</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(c)    Disabled within the meaning of Internal Revenue Code section 72(m)(7);</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(d)    Chronically ill within the meaning of Internal Revenue Code section 7702B(c)(2), except that the requirements of subparagraph (A)(i) may only be treated as met if there is a certification that, as of the date of certification, the period of inability described in the subparagraph with respect to the individual is indefinite and reasonably expected to be lengthy in nature; or</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeStatuteNumber2"><span class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont">(e)    Any other individual who is not more than ten years younger than the participant.</span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeNormal"><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfae000000"> </span></p><p dir="ltr" class="sa5e7a583f7fe453a8af558d18791dfaeNoIndent"><span xml:space="preserve" class="sa5e7a583f7fe453a8af558d18791dfaeDefaultParagraphFont-000001">Source: </span><span class="sa5e7a583f7fe453a8af558d18791dfaeSCL">SL 2021, ch 28, § 11; SL 2026, ch 26, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083162Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083162SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083162CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083162Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083162DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083162000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083162NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083162DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083162SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-63 - Required minimum distributions--Waiver of 2020."><meta property="og:description" content="SDLRC Codified Law 3-13-63 - Required minimum distributions--Waiver of 2020."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=3-13-63"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083162Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13-63" rel="noopener"><span class="s2083162SENU">3-13-63</span></a><span xml:space="preserve" class="s2083162SENU">. </span><span xml:space="preserve" class="s2083162CL">Required minimum distributions--Waiver of 2020. </span></p><p dir="ltr" class="s2083162Statute"><span xml:space="preserve" class="s2083162DefaultParagraphFont">Notwithstanding any other provisions of chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-13" rel="noopener"><span class="s2083162DefaultParagraphFont">3-13</span></a><span class="s2083162DefaultParagraphFont">, the participant or beneficiary who would have been required to receive required minimum distributions (RMD) for 2020 (or paid in 2021 for the 2020 calendar year for a participant with a required beginning date of April 2, 2021) but for the enactment of Internal Revenue Code section 401(a)(9)(I) (2020 RMDs), and who would have satisfied that requirement by receiving distributions that are either (1) equal to the 2020 RMDs or (2) one or more payments in a series of substantially equal distributions (that include the 2020 RMDs) made at least annually and expected to last for the life (or life expectancy) of the participant, the joint lives (or joint life expectancy) of the participant and the participant's designated beneficiary, or for a period of at least ten years (extended 2020 RMDs) shall receive those distributions for 2020 unless the participant or beneficiary chooses not to receive the distributions. For purposes of the direct rollover provisions of the plan, 2020 RMDs and extended 2020 RMDs also shall be treated as eligible rollover distributions in 2020.</span></p><p dir="ltr" class="s2083162Normal"><span xml:space="preserve" class="s2083162000000"> </span></p><p dir="ltr" class="s2083162NoIndent"><span xml:space="preserve" class="s2083162DefaultParagraphFont-000001">Source: </span><span class="s2083162SCL">SL 2021, ch 28, § 12.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s465f12af1f564961a6b493c746ed6005Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s465f12af1f564961a6b493c746ed6005SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s465f12af1f564961a6b493c746ed6005CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s465f12af1f564961a6b493c746ed6005Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s465f12af1f564961a6b493c746ed6005DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s465f12af1f564961a6b493c746ed6005000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s465f12af1f564961a6b493c746ed6005NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s465f12af1f564961a6b493c746ed6005DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s465f12af1f564961a6b493c746ed6005SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-64 - Unforeseeable emergency distribution--Participant deferrals cease."><meta property="og:description" content="SDLRC Codified Law 3-13-64 - Unforeseeable emergency distribution--Participant deferrals cease."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-64"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s465f12af1f564961a6b493c746ed6005Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-64" rel="noopener"><span class="s465f12af1f564961a6b493c746ed6005SENU">3-13-64</span></a><span xml:space="preserve" class="s465f12af1f564961a6b493c746ed6005SENU">. </span><span class="s465f12af1f564961a6b493c746ed6005CL">Unforeseeable emergency distribution--Participant deferrals cease.</span></p><p dir="ltr" class="s465f12af1f564961a6b493c746ed6005Statute"><span xml:space="preserve" class="s465f12af1f564961a6b493c746ed6005DefaultParagraphFont">If a participant receives approval of an unforeseeable emergency distribution, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-82" rel="noopener"><span class="s465f12af1f564961a6b493c746ed6005DefaultParagraphFont">3-13-82</span></a><span class="s465f12af1f564961a6b493c746ed6005DefaultParagraphFont">, the participant must cease deferrals to the plan before the distribution may be completed.</span></p><p dir="ltr" class="s465f12af1f564961a6b493c746ed6005Normal"><span xml:space="preserve" class="s465f12af1f564961a6b493c746ed6005000000"> </span></p><p dir="ltr" class="s465f12af1f564961a6b493c746ed6005NoIndent"><span xml:space="preserve" class="s465f12af1f564961a6b493c746ed6005DefaultParagraphFont-000001">Source: </span><span class="s465f12af1f564961a6b493c746ed6005SCL">SL 2025, ch 27, § 91.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s826553a08d9b4a419047189db109183eNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s826553a08d9b4a419047189db109183eSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s826553a08d9b4a419047189db109183eCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s826553a08d9b4a419047189db109183eStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s826553a08d9b4a419047189db109183eDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s826553a08d9b4a419047189db109183e000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s826553a08d9b4a419047189db109183eNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s826553a08d9b4a419047189db109183eDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s826553a08d9b4a419047189db109183eSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-65 - Catch up--Maximum deferral."><meta property="og:description" content="SDLRC Codified Law 3-13-65 - Catch up--Maximum deferral."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-65"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s826553a08d9b4a419047189db109183eNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-65" rel="noopener"><span class="s826553a08d9b4a419047189db109183eSENU">3-13-65</span></a><span xml:space="preserve" class="s826553a08d9b4a419047189db109183eSENU">. </span><span class="s826553a08d9b4a419047189db109183eCL">Catch up--Maximum deferral.</span></p><p dir="ltr" class="s826553a08d9b4a419047189db109183eStatute"><span xml:space="preserve" class="s826553a08d9b4a419047189db109183eDefaultParagraphFont">Effective for each of the three calendar years immediately preceding a participant's normal retirement date, a participant may defer up to twice the dollar amount specified in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.5" rel="noopener"><span class="s826553a08d9b4a419047189db109183eDefaultParagraphFont">3-13-56.5</span></a><span class="s826553a08d9b4a419047189db109183eDefaultParagraphFont">.</span></p><p dir="ltr" class="s826553a08d9b4a419047189db109183eNormal"><span xml:space="preserve" class="s826553a08d9b4a419047189db109183e000000"> </span></p><p dir="ltr" class="s826553a08d9b4a419047189db109183eNoIndent"><span xml:space="preserve" class="s826553a08d9b4a419047189db109183eDefaultParagraphFont-000001">Source: </span><span class="s826553a08d9b4a419047189db109183eSCL">SL 2025, ch 27, § 92.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s12aee829cc2d4517b12938986fa4c58cNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s12aee829cc2d4517b12938986fa4c58cSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12aee829cc2d4517b12938986fa4c58cCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s12aee829cc2d4517b12938986fa4c58cStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s12aee829cc2d4517b12938986fa4c58c000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s12aee829cc2d4517b12938986fa4c58cNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12aee829cc2d4517b12938986fa4c58cSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-66 - Catch up--Alternative."><meta property="og:description" content="SDLRC Codified Law 3-13-66 - Catch up--Alternative."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-66"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s12aee829cc2d4517b12938986fa4c58cNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-66" rel="noopener"><span class="s12aee829cc2d4517b12938986fa4c58cSENU">3-13-66</span></a><span xml:space="preserve" class="s12aee829cc2d4517b12938986fa4c58cSENU">. </span><span xml:space="preserve" class="s12aee829cc2d4517b12938986fa4c58cCL">Catch up--Alternative. </span></p><p dir="ltr" class="s12aee829cc2d4517b12938986fa4c58cStatute"><span xml:space="preserve" class="s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont">Effective for any year that a participant attains age fifty years or older, or attains the age set forth in § 414(v)(2)(E) of the Internal Revenue Code, the participant may make an additional elective deferral equal to the applicable dollar amount associated with a particular year, pursuant to § 414(v)(2)(B) of the Internal Revenue Code, as indexed after December 31, 2006, pursuant to § 414(v)(2)(C) of the Internal Revenue Code, in addition to the participant's maximum deferral under § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.5" rel="noopener"><span class="s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont">3-13-56.5</span></a><span class="s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont">.</span></p><p dir="ltr" class="s12aee829cc2d4517b12938986fa4c58cNormal"><span xml:space="preserve" class="s12aee829cc2d4517b12938986fa4c58c000000"> </span></p><p dir="ltr" class="s12aee829cc2d4517b12938986fa4c58cNoIndent"><span xml:space="preserve" class="s12aee829cc2d4517b12938986fa4c58cDefaultParagraphFont-000001">Source: </span><span class="s12aee829cc2d4517b12938986fa4c58cSCL">SL 2025, ch 27, § 93.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s26f49163969143a496264ec179f99da1Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s26f49163969143a496264ec179f99da1SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s26f49163969143a496264ec179f99da1CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s26f49163969143a496264ec179f99da1Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s26f49163969143a496264ec179f99da1DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s26f49163969143a496264ec179f99da1000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s26f49163969143a496264ec179f99da1NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s26f49163969143a496264ec179f99da1DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s26f49163969143a496264ec179f99da1SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-67 - Catch up--Choice required."><meta property="og:description" content="SDLRC Codified Law 3-13-67 - Catch up--Choice required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-67"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s26f49163969143a496264ec179f99da1Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-67" rel="noopener"><span class="s26f49163969143a496264ec179f99da1SENU">3-13-67</span></a><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1SENU">. </span><span class="s26f49163969143a496264ec179f99da1CL">Catch up--Choice required.</span></p><p dir="ltr" class="s26f49163969143a496264ec179f99da1Statute"><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1DefaultParagraphFont">A participant may not exercise the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-65" rel="noopener"><span class="s26f49163969143a496264ec179f99da1DefaultParagraphFont">3-13-65</span></a><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-66" rel="noopener"><span class="s26f49163969143a496264ec179f99da1DefaultParagraphFont">3-13-66</span></a><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1DefaultParagraphFont"> in the same year.</span></p><p dir="ltr" class="s26f49163969143a496264ec179f99da1Normal"><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1000000"> </span></p><p dir="ltr" class="s26f49163969143a496264ec179f99da1NoIndent"><span xml:space="preserve" class="s26f49163969143a496264ec179f99da1DefaultParagraphFont-000001">Source: </span><span class="s26f49163969143a496264ec179f99da1SCL">SL 2025, ch 27, § 94.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s203320f332114fd2b85c744862997c84Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s203320f332114fd2b85c744862997c84SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s203320f332114fd2b85c744862997c84CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s203320f332114fd2b85c744862997c84Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s203320f332114fd2b85c744862997c84DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s203320f332114fd2b85c744862997c84000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s203320f332114fd2b85c744862997c84NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s203320f332114fd2b85c744862997c84DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s203320f332114fd2b85c744862997c84SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-68 - Participant rights--Trust."><meta property="og:description" content="SDLRC Codified Law 3-13-68 - Participant rights--Trust."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-68"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s203320f332114fd2b85c744862997c84Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-68" rel="noopener"><span class="s203320f332114fd2b85c744862997c84SENU">3-13-68</span></a><span xml:space="preserve" class="s203320f332114fd2b85c744862997c84SENU">. </span><span class="s203320f332114fd2b85c744862997c84CL">Participant rights--Trust.</span></p><p dir="ltr" class="s203320f332114fd2b85c744862997c84Statute"><span class="s203320f332114fd2b85c744862997c84DefaultParagraphFont">A participant does not have actual ownership of deferrals and investments but has a contractual right to receive benefits under the plan. In accordance with § 457(g) of the Internal Revenue Code, all amounts of compensation deferred under the plan, all property and rights purchased with the amounts, and all income attributable to the amounts must be held in trust for the exclusive benefit of the participant until paid or made available to the participant or the participant's beneficiary pursuant to the plan. Any trust under the plan must be established pursuant to a written agreement that constitutes a valid trust under the law of this state.</span></p><p dir="ltr" class="s203320f332114fd2b85c744862997c84Statute"><span class="s203320f332114fd2b85c744862997c84DefaultParagraphFont">All amounts of compensation deferred under the plan must be transferred to a trust established under the plan not later than fifteen business days after the end of the month in which the compensation would otherwise have been paid to the employee.</span></p><p dir="ltr" class="s203320f332114fd2b85c744862997c84Normal"><span xml:space="preserve" class="s203320f332114fd2b85c744862997c84000000"> </span></p><p dir="ltr" class="s203320f332114fd2b85c744862997c84NoIndent"><span xml:space="preserve" class="s203320f332114fd2b85c744862997c84DefaultParagraphFont-000001">Source: </span><span class="s203320f332114fd2b85c744862997c84SCL">SL 2025, ch 27, § 95.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s5d978f356e964d2d8528dafd614f354aNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5d978f356e964d2d8528dafd614f354aSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5d978f356e964d2d8528dafd614f354aCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s5d978f356e964d2d8528dafd614f354aStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5d978f356e964d2d8528dafd614f354aDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5d978f356e964d2d8528dafd614f354a000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5d978f356e964d2d8528dafd614f354aNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5d978f356e964d2d8528dafd614f354aDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5d978f356e964d2d8528dafd614f354aSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-69 - Participant election--Investments."><meta property="og:description" content="SDLRC Codified Law 3-13-69 - Participant election--Investments."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-69"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s5d978f356e964d2d8528dafd614f354aNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-69" rel="noopener"><span class="s5d978f356e964d2d8528dafd614f354aSENU">3-13-69</span></a><span xml:space="preserve" class="s5d978f356e964d2d8528dafd614f354aSENU">. </span><span class="s5d978f356e964d2d8528dafd614f354aCL">Participant election--Investments.</span></p><p dir="ltr" class="s5d978f356e964d2d8528dafd614f354aStatute"><span class="s5d978f356e964d2d8528dafd614f354aDefaultParagraphFont">Each participant may elect to have deferrals invested in one or more of the investment alternatives selected by the state investment officer. A participant may change the election for future deferrals at any time.</span></p><p dir="ltr" class="s5d978f356e964d2d8528dafd614f354aNormal"><span xml:space="preserve" class="s5d978f356e964d2d8528dafd614f354a000000"> </span></p><p dir="ltr" class="s5d978f356e964d2d8528dafd614f354aNoIndent"><span xml:space="preserve" class="s5d978f356e964d2d8528dafd614f354aDefaultParagraphFont-000001">Source: </span><span class="s5d978f356e964d2d8528dafd614f354aSCL">SL 2025, ch 27, § 96.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb46f7f1c243b43a8b558a21af3b41943Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb46f7f1c243b43a8b558a21af3b41943SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb46f7f1c243b43a8b558a21af3b41943CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb46f7f1c243b43a8b558a21af3b41943Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb46f7f1c243b43a8b558a21af3b41943DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb46f7f1c243b43a8b558a21af3b41943000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb46f7f1c243b43a8b558a21af3b41943NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb46f7f1c243b43a8b558a21af3b41943DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb46f7f1c243b43a8b558a21af3b41943SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-70 - Participant election--Balance transfers--Costs deducted."><meta property="og:description" content="SDLRC Codified Law 3-13-70 - Participant election--Balance transfers--Costs deducted."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-70"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb46f7f1c243b43a8b558a21af3b41943Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-70" rel="noopener"><span class="sb46f7f1c243b43a8b558a21af3b41943SENU">3-13-70</span></a><span xml:space="preserve" class="sb46f7f1c243b43a8b558a21af3b41943SENU">. </span><span class="sb46f7f1c243b43a8b558a21af3b41943CL">Participant election--Balance transfers--Costs deducted.</span></p><p dir="ltr" class="sb46f7f1c243b43a8b558a21af3b41943Statute"><span class="sb46f7f1c243b43a8b558a21af3b41943DefaultParagraphFont">Subject to any limitations imposed by a vendor or by the third-party administrator, a participant may elect to transfer any portion of the account balance from one offered investment alternative to another at any time, provided notice is given to the third-party administrator. Any costs associated with a transfer are borne by the participant and are deducted from the account.</span></p><p dir="ltr" class="sb46f7f1c243b43a8b558a21af3b41943Normal"><span xml:space="preserve" class="sb46f7f1c243b43a8b558a21af3b41943000000"> </span></p><p dir="ltr" class="sb46f7f1c243b43a8b558a21af3b41943NoIndent"><span xml:space="preserve" class="sb46f7f1c243b43a8b558a21af3b41943DefaultParagraphFont-000001">Source: </span><span class="sb46f7f1c243b43a8b558a21af3b41943SCL">SL 2025, ch 27, § 97.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s0e32becd267646adad69db7ff5dfdef6Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0e32becd267646adad69db7ff5dfdef6SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0e32becd267646adad69db7ff5dfdef6CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s0e32becd267646adad69db7ff5dfdef6Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s0e32becd267646adad69db7ff5dfdef6000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s0e32becd267646adad69db7ff5dfdef6NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0e32becd267646adad69db7ff5dfdef6SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-71 - Establishment of accounts."><meta property="og:description" content="SDLRC Codified Law 3-13-71 - Establishment of accounts."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-71"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s0e32becd267646adad69db7ff5dfdef6Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-71" rel="noopener"><span class="s0e32becd267646adad69db7ff5dfdef6SENU">3-13-71</span></a><span xml:space="preserve" class="s0e32becd267646adad69db7ff5dfdef6SENU">. </span><span class="s0e32becd267646adad69db7ff5dfdef6CL">Establishment of accounts.</span></p><p dir="ltr" class="s0e32becd267646adad69db7ff5dfdef6Statute"><span xml:space="preserve" class="s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont">An account must be established for each participant's pre-tax contributions. A separate account must be established for each participant's designated Roth contributions. The accounts are the basis for any distribution to the participant or to the participant's beneficiary, surviving spouse, surviving children, or estate, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-56.8" rel="noopener"><span class="s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont">3-13-56.8</span></a><span class="s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont">.</span></p><p dir="ltr" class="s0e32becd267646adad69db7ff5dfdef6Normal"><span xml:space="preserve" class="s0e32becd267646adad69db7ff5dfdef6000000"> </span></p><p dir="ltr" class="s0e32becd267646adad69db7ff5dfdef6NoIndent"><span xml:space="preserve" class="s0e32becd267646adad69db7ff5dfdef6DefaultParagraphFont-000001">Source: </span><span class="s0e32becd267646adad69db7ff5dfdef6SCL">SL 2025, ch 27, § 98.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s6d201a87088f40dd819cde184827168cNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6d201a87088f40dd819cde184827168cSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6d201a87088f40dd819cde184827168cCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s6d201a87088f40dd819cde184827168cStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6d201a87088f40dd819cde184827168cDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s6d201a87088f40dd819cde184827168c000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s6d201a87088f40dd819cde184827168cNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s6d201a87088f40dd819cde184827168cDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6d201a87088f40dd819cde184827168cSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-72 - Establishment of accounts--Specified contributions--Recordkeeping."><meta property="og:description" content="SDLRC Codified Law 3-13-72 - Establishment of accounts--Specified contributions--Recordkeeping."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-72"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s6d201a87088f40dd819cde184827168cNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-72" rel="noopener"><span class="s6d201a87088f40dd819cde184827168cSENU">3-13-72</span></a><span xml:space="preserve" class="s6d201a87088f40dd819cde184827168cSENU">. </span><span class="s6d201a87088f40dd819cde184827168cCL">Establishment of accounts--Specified contributions--Recordkeeping.</span></p><p dir="ltr" class="s6d201a87088f40dd819cde184827168cStatute"><span class="s6d201a87088f40dd819cde184827168cDefaultParagraphFont">No contributions other than a designated Roth contribution and a properly attributable investment return may be credited to a participant's designated Roth account. The plan must maintain separate recordkeeping for each designated Roth account and must record the year that the participant first made a designated Roth contribution.</span></p><p dir="ltr" class="s6d201a87088f40dd819cde184827168cNormal"><span xml:space="preserve" class="s6d201a87088f40dd819cde184827168c000000"> </span></p><p dir="ltr" class="s6d201a87088f40dd819cde184827168cNoIndent"><span xml:space="preserve" class="s6d201a87088f40dd819cde184827168cDefaultParagraphFont-000001">Source: </span><span class="s6d201a87088f40dd819cde184827168cSCL">SL 2025, ch 27, § 99.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sf1df161f2472491f9c166c55c20f7b99Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf1df161f2472491f9c166c55c20f7b99SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf1df161f2472491f9c166c55c20f7b99CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sf1df161f2472491f9c166c55c20f7b99Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf1df161f2472491f9c166c55c20f7b99DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf1df161f2472491f9c166c55c20f7b99000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sf1df161f2472491f9c166c55c20f7b99NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf1df161f2472491f9c166c55c20f7b99DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf1df161f2472491f9c166c55c20f7b99SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-73 - Allocation of investment return--Accounting date."><meta property="og:description" content="SDLRC Codified Law 3-13-73 - Allocation of investment return--Accounting date."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-73"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sf1df161f2472491f9c166c55c20f7b99Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-73" rel="noopener"><span class="sf1df161f2472491f9c166c55c20f7b99SENU">3-13-73</span></a><span xml:space="preserve" class="sf1df161f2472491f9c166c55c20f7b99SENU">. </span><span class="sf1df161f2472491f9c166c55c20f7b99CL">Allocation of investment return--Accounting date.</span></p><p dir="ltr" class="sf1df161f2472491f9c166c55c20f7b99Statute"><span class="sf1df161f2472491f9c166c55c20f7b99DefaultParagraphFont">The total investment return on any offered investment must be allocated to the account of each participant based on the proportion the participant's account bears to all other accounts that have been invested in the same investment alternative. Allocations must be made on each accounting date. The last day of each calendar quarter is an accounting date. The board may provide additional accounting dates.</span></p><p dir="ltr" class="sf1df161f2472491f9c166c55c20f7b99Normal"><span xml:space="preserve" class="sf1df161f2472491f9c166c55c20f7b99000000"> </span></p><p dir="ltr" class="sf1df161f2472491f9c166c55c20f7b99NoIndent"><span xml:space="preserve" class="sf1df161f2472491f9c166c55c20f7b99DefaultParagraphFont-000001">Source: </span><span class="sf1df161f2472491f9c166c55c20f7b99SCL">SL 2025, ch 27, § 100.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sbf443d9add1749e1b78e07bc4e60c508Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbf443d9add1749e1b78e07bc4e60c508SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbf443d9add1749e1b78e07bc4e60c508CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sbf443d9add1749e1b78e07bc4e60c508Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbf443d9add1749e1b78e07bc4e60c508DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sbf443d9add1749e1b78e07bc4e60c508000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sbf443d9add1749e1b78e07bc4e60c508NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbf443d9add1749e1b78e07bc4e60c508DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbf443d9add1749e1b78e07bc4e60c508SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-74 - Valuation of investment."><meta property="og:description" content="SDLRC Codified Law 3-13-74 - Valuation of investment."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-74"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sbf443d9add1749e1b78e07bc4e60c508Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-74" rel="noopener"><span class="sbf443d9add1749e1b78e07bc4e60c508SENU">3-13-74</span></a><span xml:space="preserve" class="sbf443d9add1749e1b78e07bc4e60c508SENU">. </span><span class="sbf443d9add1749e1b78e07bc4e60c508CL">Valuation of investment.</span></p><p dir="ltr" class="sbf443d9add1749e1b78e07bc4e60c508Statute"><span class="sbf443d9add1749e1b78e07bc4e60c508DefaultParagraphFont">Each offered investment alternative must be valued on each accounting date. The valuation must be at market value. Any charges against the value must be explicitly disclosed.</span></p><p dir="ltr" class="sbf443d9add1749e1b78e07bc4e60c508Normal"><span xml:space="preserve" class="sbf443d9add1749e1b78e07bc4e60c508000000"> </span></p><p dir="ltr" class="sbf443d9add1749e1b78e07bc4e60c508NoIndent"><span xml:space="preserve" class="sbf443d9add1749e1b78e07bc4e60c508DefaultParagraphFont-000001">Source: </span><span class="sbf443d9add1749e1b78e07bc4e60c508SCL">SL 2025, ch 27, § 101.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4caffd579e2c4ce8b665c6a28573aff5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4caffd579e2c4ce8b665c6a28573aff5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4caffd579e2c4ce8b665c6a28573aff5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4caffd579e2c4ce8b665c6a28573aff5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4caffd579e2c4ce8b665c6a28573aff5DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4caffd579e2c4ce8b665c6a28573aff5000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4caffd579e2c4ce8b665c6a28573aff5NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4caffd579e2c4ce8b665c6a28573aff5DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4caffd579e2c4ce8b665c6a28573aff5SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-75 - Participant statements."><meta property="og:description" content="SDLRC Codified Law 3-13-75 - Participant statements."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-75"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4caffd579e2c4ce8b665c6a28573aff5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-75" rel="noopener"><span class="s4caffd579e2c4ce8b665c6a28573aff5SENU">3-13-75</span></a><span xml:space="preserve" class="s4caffd579e2c4ce8b665c6a28573aff5SENU">. </span><span class="s4caffd579e2c4ce8b665c6a28573aff5CL">Participant statements.</span></p><p dir="ltr" class="s4caffd579e2c4ce8b665c6a28573aff5Statute"><span class="s4caffd579e2c4ce8b665c6a28573aff5DefaultParagraphFont">Each participant must be provided with a statement of the participant's account no later than forty-five days after the close of each plan quarter.</span></p><p dir="ltr" class="s4caffd579e2c4ce8b665c6a28573aff5Normal"><span xml:space="preserve" class="s4caffd579e2c4ce8b665c6a28573aff5000000"> </span></p><p dir="ltr" class="s4caffd579e2c4ce8b665c6a28573aff5NoIndent"><span xml:space="preserve" class="s4caffd579e2c4ce8b665c6a28573aff5DefaultParagraphFont-000001">Source: </span><span class="s4caffd579e2c4ce8b665c6a28573aff5SCL">SL 2025, ch 27, § 102.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa91c43ab97d94487b00337e71caa220dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa91c43ab97d94487b00337e71caa220dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa91c43ab97d94487b00337e71caa220dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa91c43ab97d94487b00337e71caa220dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa91c43ab97d94487b00337e71caa220d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa91c43ab97d94487b00337e71caa220dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa91c43ab97d94487b00337e71caa220dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-76 - Selection of normal retirement date--Amendment."><meta property="og:description" content="SDLRC Codified Law 3-13-76 - Selection of normal retirement date--Amendment."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-76"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa91c43ab97d94487b00337e71caa220dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-76" rel="noopener"><span class="sa91c43ab97d94487b00337e71caa220dSENU">3-13-76</span></a><span xml:space="preserve" class="sa91c43ab97d94487b00337e71caa220dSENU">. </span><span class="sa91c43ab97d94487b00337e71caa220dCL">Selection of normal retirement date--Amendment.</span></p><p dir="ltr" class="sa91c43ab97d94487b00337e71caa220dStatute"><span xml:space="preserve" class="sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont">A participant may select a normal retirement date. The normal retirement date may not be earlier than the date that the participant severs employment. If a participant does not select a normal retirement date, the participant's normal retirement date is as defined in chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C" rel="noopener"><span class="sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont">3-12C</span></a><span class="sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont">.</span></p><p dir="ltr" class="sa91c43ab97d94487b00337e71caa220dNormal"><span xml:space="preserve" class="sa91c43ab97d94487b00337e71caa220d000000"> </span></p><p dir="ltr" class="sa91c43ab97d94487b00337e71caa220dNoIndent"><span xml:space="preserve" class="sa91c43ab97d94487b00337e71caa220dDefaultParagraphFont-000001">Source: </span><span class="sa91c43ab97d94487b00337e71caa220dSCL">SL 2025, ch 27, § 103.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s157f5e732208454b8c1ad7e671b38ee0Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s157f5e732208454b8c1ad7e671b38ee0SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s157f5e732208454b8c1ad7e671b38ee0CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s157f5e732208454b8c1ad7e671b38ee0Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s157f5e732208454b8c1ad7e671b38ee0DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s157f5e732208454b8c1ad7e671b38ee0000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s157f5e732208454b8c1ad7e671b38ee0NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s157f5e732208454b8c1ad7e671b38ee0DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s157f5e732208454b8c1ad7e671b38ee0SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-77 - Severance from employment."><meta property="og:description" content="SDLRC Codified Law 3-13-77 - Severance from employment."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-77"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s157f5e732208454b8c1ad7e671b38ee0Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-77" rel="noopener"><span class="s157f5e732208454b8c1ad7e671b38ee0SENU">3-13-77</span></a><span xml:space="preserve" class="s157f5e732208454b8c1ad7e671b38ee0SENU">. </span><span class="s157f5e732208454b8c1ad7e671b38ee0CL">Severance from employment.</span></p><p dir="ltr" class="s157f5e732208454b8c1ad7e671b38ee0Statute"><span class="s157f5e732208454b8c1ad7e671b38ee0DefaultParagraphFont">If a participant returns to employment or enters into a contract with a participating employer within thirty days after a severance from employment, no severance from employment occurs for the purposes of the plan. If a participant provided contractual services to a participating employer, severance from employment occurs at the expiration of all contracts with a participating employer, without expectation of any future employment or contractual relationship with any participating employer.</span></p><p dir="ltr" class="s157f5e732208454b8c1ad7e671b38ee0Normal"><span xml:space="preserve" class="s157f5e732208454b8c1ad7e671b38ee0000000"> </span></p><p dir="ltr" class="s157f5e732208454b8c1ad7e671b38ee0NoIndent"><span xml:space="preserve" class="s157f5e732208454b8c1ad7e671b38ee0DefaultParagraphFont-000001">Source: </span><span class="s157f5e732208454b8c1ad7e671b38ee0SCL">SL 2025, ch 27, § 104.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s61c281001aea4275b62314e6fa595639Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s61c281001aea4275b62314e6fa595639SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s61c281001aea4275b62314e6fa595639CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s61c281001aea4275b62314e6fa595639Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s61c281001aea4275b62314e6fa595639DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s61c281001aea4275b62314e6fa595639StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s61c281001aea4275b62314e6fa595639000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s61c281001aea4275b62314e6fa595639NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s61c281001aea4275b62314e6fa595639DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s61c281001aea4275b62314e6fa595639SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-78 - Distribution--Conditions."><meta property="og:description" content="SDLRC Codified Law 3-13-78 - Distribution--Conditions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-78"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s61c281001aea4275b62314e6fa595639Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-78" rel="noopener"><span class="s61c281001aea4275b62314e6fa595639SENU">3-13-78</span></a><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639SENU">. </span><span class="s61c281001aea4275b62314e6fa595639CL">Distribution--Conditions.</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639Statute"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">Deferrals may be distributed only if one of the following conditions has occurred:</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(1)    Severance from employment with a participating employer;</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(2)    Death of the participant;</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(3)    An unforeseeable emergency, set forth in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-82" rel="noopener"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">3-13-82</span></a><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">;</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(4)    Requirements are satisfied for an in-service distribution, as set forth in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83" rel="noopener"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">3-13-83</span></a><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">;</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(5)    The participant is called to perform qualified military service for a period in excess of thirty days; or</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639StatuteNumber1"><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">(6)    The participant elects to receive an in-service distribution pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83.1" rel="noopener"><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">3-13-83.1</span></a><span class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont">.</span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639Normal"><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639000000"> </span></p><p dir="ltr" class="s61c281001aea4275b62314e6fa595639NoIndent"><span xml:space="preserve" class="s61c281001aea4275b62314e6fa595639DefaultParagraphFont-000001">Source: </span><span class="s61c281001aea4275b62314e6fa595639SCL">SL 2025, ch 27, § 105; SL 2026, ch 27, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb8645da78ffd44f5925e028f5a690246Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb8645da78ffd44f5925e028f5a690246SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb8645da78ffd44f5925e028f5a690246CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb8645da78ffd44f5925e028f5a690246Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb8645da78ffd44f5925e028f5a690246000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb8645da78ffd44f5925e028f5a690246NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb8645da78ffd44f5925e028f5a690246SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-79 - Distribution--Beginning date."><meta property="og:description" content="SDLRC Codified Law 3-13-79 - Distribution--Beginning date."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-79"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb8645da78ffd44f5925e028f5a690246Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-79" rel="noopener"><span class="sb8645da78ffd44f5925e028f5a690246SENU">3-13-79</span></a><span xml:space="preserve" class="sb8645da78ffd44f5925e028f5a690246SENU">. </span><span class="sb8645da78ffd44f5925e028f5a690246CL">Distribution--Beginning date.</span></p><p dir="ltr" class="sb8645da78ffd44f5925e028f5a690246Statute"><span xml:space="preserve" class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont">The distribution of deferrals to a participant may begin no earlier than thirty days following the participant's severance from employment with a participating employer. Any irrevocable election of a benefit commencement date, made by a participant or a beneficiary prior to January 1, 2002, and any defaulted distribution other than a defaulted distribution to an annuity option, are revocable as of January 1, 2002. No distribution to an independent contractor of a participating employer may begin until one year after the date on which all contracts with any participating employer have expired. Notwithstanding the foregoing, a distribution of deferrals must be made in accordance with §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-58" rel="noopener"><span class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont">3-13-58</span></a><span xml:space="preserve" class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-63" rel="noopener"><span class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont">3-13-63</span></a><span class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="sb8645da78ffd44f5925e028f5a690246Normal"><span xml:space="preserve" class="sb8645da78ffd44f5925e028f5a690246000000"> </span></p><p dir="ltr" class="sb8645da78ffd44f5925e028f5a690246NoIndent"><span xml:space="preserve" class="sb8645da78ffd44f5925e028f5a690246DefaultParagraphFont-000001">Source: </span><span class="sb8645da78ffd44f5925e028f5a690246SCL">SL 2025, ch 27, § 106.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s629ba05c96a24c939650e8a354c532b2Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s629ba05c96a24c939650e8a354c532b2SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s629ba05c96a24c939650e8a354c532b2CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s629ba05c96a24c939650e8a354c532b2Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s629ba05c96a24c939650e8a354c532b2StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s629ba05c96a24c939650e8a354c532b2000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s629ba05c96a24c939650e8a354c532b2NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s629ba05c96a24c939650e8a354c532b2SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-80 - Distribution--Form--Election--Period."><meta property="og:description" content="SDLRC Codified Law 3-13-80 - Distribution--Form--Election--Period."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-80"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-80" rel="noopener"><span class="s629ba05c96a24c939650e8a354c532b2SENU">3-13-80</span></a><span xml:space="preserve" class="s629ba05c96a24c939650e8a354c532b2SENU">. </span><span class="s629ba05c96a24c939650e8a354c532b2CL">Distribution--Form--Election--Period.</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2Statute"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">A participant may elect to receive the participant's distribution in any of the following forms:</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2StatuteNumber1"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">(1)    A lump sum;</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2StatuteNumber1"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">(2)    Equal monthly installments over a fixed period; or</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2StatuteNumber1"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">(3)    Any other form offered by the third-party administrator.</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2Statute"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">The election must be made prior to the time any amounts become payable. A participant or a beneficiary who has chosen a payment form other than an annuity has the ability to change the payment option, subject to any administrative restrictions and charges established by the board.</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2Statute"><span class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont">If the distribution begins prior to the participant's death, the entire interest must be distributed over the life expectancy of the participant or the life expectancies of the participant and a designated beneficiary. Any amount not distributed during the participant's life must be distributed after the participant's death, at least as rapidly as under the distribution method being used on the date of the participant's death. If the distribution begins after the participant's death, the entire amount payable to the participant must be paid during a period of no more than five years, unless the distribution commences within one year and the participant's spouse is the named beneficiary, then during the life expectancy of the surviving spouse.</span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2Normal"><span xml:space="preserve" class="s629ba05c96a24c939650e8a354c532b2000000"> </span></p><p dir="ltr" class="s629ba05c96a24c939650e8a354c532b2NoIndent"><span xml:space="preserve" class="s629ba05c96a24c939650e8a354c532b2DefaultParagraphFont-000001">Source: </span><span class="s629ba05c96a24c939650e8a354c532b2SCL">SL 2025, ch 27, § 107.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc631209c88d94e1190162eafad87682aNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc631209c88d94e1190162eafad87682aSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc631209c88d94e1190162eafad87682aCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc631209c88d94e1190162eafad87682aStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc631209c88d94e1190162eafad87682aDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc631209c88d94e1190162eafad87682a000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc631209c88d94e1190162eafad87682aNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc631209c88d94e1190162eafad87682aDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc631209c88d94e1190162eafad87682aSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-81 - Distribution--Withdrawal from particular contributions."><meta property="og:description" content="SDLRC Codified Law 3-13-81 - Distribution--Withdrawal from particular contributions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-81"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc631209c88d94e1190162eafad87682aNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-81" rel="noopener"><span class="sc631209c88d94e1190162eafad87682aSENU">3-13-81</span></a><span xml:space="preserve" class="sc631209c88d94e1190162eafad87682aSENU">. </span><span class="sc631209c88d94e1190162eafad87682aCL">Distribution--Withdrawal from particular contributions.</span></p><p dir="ltr" class="sc631209c88d94e1190162eafad87682aStatute"><span class="sc631209c88d94e1190162eafad87682aDefaultParagraphFont">A participant may direct from which contributions a distribution is made. The participant may direct that the withdrawal be taken from either pre-tax contributions or designated Roth contributions, or from both pre-tax contributions and designated Roth contributions.</span></p><p dir="ltr" class="sc631209c88d94e1190162eafad87682aNormal"><span xml:space="preserve" class="sc631209c88d94e1190162eafad87682a000000"> </span></p><p dir="ltr" class="sc631209c88d94e1190162eafad87682aNoIndent"><span xml:space="preserve" class="sc631209c88d94e1190162eafad87682aDefaultParagraphFont-000001">Source: </span><span class="sc631209c88d94e1190162eafad87682aSCL">SL 2025, ch 27, § 108.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s74753471c63e4cef9d8e6cb078c740efNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s74753471c63e4cef9d8e6cb078c740efSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s74753471c63e4cef9d8e6cb078c740efCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s74753471c63e4cef9d8e6cb078c740efStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s74753471c63e4cef9d8e6cb078c740efStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s74753471c63e4cef9d8e6cb078c740ef000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s74753471c63e4cef9d8e6cb078c740efNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s74753471c63e4cef9d8e6cb078c740efSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-82 - Immediate distribution--Unforeseeable emergency."><meta property="og:description" content="SDLRC Codified Law 3-13-82 - Immediate distribution--Unforeseeable emergency."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-82"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-82" rel="noopener"><span class="s74753471c63e4cef9d8e6cb078c740efSENU">3-13-82</span></a><span xml:space="preserve" class="s74753471c63e4cef9d8e6cb078c740efSENU">. </span><span class="s74753471c63e4cef9d8e6cb078c740efCL">Immediate distribution--Unforeseeable emergency.</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatute"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">If a participant suffers an unforeseeable emergency, the participant may request an immediate distribution of all or part of the participant's deferrals. The request must be made through an application to the third-party administrator. If the third-party administrator approves the request, the distribution must be made to the extent necessary to satisfy the need, including the payment of federal income tax withholding, if necessary. If the third-party administrator denies the request, the participant may appeal the denial by giving notice of an intention to appeal within thirty days after the date of the notice of denial. No distribution may be made to the extent that the unforeseeable emergency may be relieved:</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatuteNumber1"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">(1)    Through reimbursement or compensation by insurance or otherwise;</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatuteNumber1"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">(2)    By liquidation of the participant's assets to the extent that the liquidation does not cause severe financial hardship; or</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatuteNumber1"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">(3)    By discontinuation of deferrals under the plan.</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatute"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">The need to send a participant's child to college, divorce proceedings, or the desire to purchase a home are not considered to be unforeseeable emergencies. Any amount that is distributed on account of an unforeseeable emergency is not an eligible rollover distribution, and the participant may not elect to have any portion of the distribution paid directly to an eligible retirement plan.</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efStatute"><span xml:space="preserve" class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">The provisions of this section do not apply if a distribution is made pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83" rel="noopener"><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">3-13-83</span></a><span class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont">.</span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efNormal"><span xml:space="preserve" class="s74753471c63e4cef9d8e6cb078c740ef000000"> </span></p><p dir="ltr" class="s74753471c63e4cef9d8e6cb078c740efNoIndent"><span xml:space="preserve" class="s74753471c63e4cef9d8e6cb078c740efDefaultParagraphFont-000001">Source: </span><span class="s74753471c63e4cef9d8e6cb078c740efSCL">SL 2025, ch 27, § 109.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sfda52c70969f46bfb7c05a49b0d78253Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sfda52c70969f46bfb7c05a49b0d78253SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfda52c70969f46bfb7c05a49b0d78253CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sfda52c70969f46bfb7c05a49b0d78253Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sfda52c70969f46bfb7c05a49b0d78253StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.sfda52c70969f46bfb7c05a49b0d78253000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sfda52c70969f46bfb7c05a49b0d78253NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfda52c70969f46bfb7c05a49b0d78253SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-83 - Immediate distribution--In-service or involuntary distributions--Conditions--Calculation--Handling of certain involuntary distributions."><meta property="og:description" content="SDLRC Codified Law 3-13-83 - Immediate distribution--In-service or involuntary distributions--Conditions--Calculation--Handling of certain involuntary distributions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-83"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83" rel="noopener"><span class="sfda52c70969f46bfb7c05a49b0d78253SENU">3-13-83</span></a><span xml:space="preserve" class="sfda52c70969f46bfb7c05a49b0d78253SENU">. </span><span class="sfda52c70969f46bfb7c05a49b0d78253CL">Immediate distribution--In-service or involuntary distributions--Conditions--Calculation--Handling of certain involuntary distributions.</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253Statute"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">Notwithstanding any other provision of this chapter, a participant may receive an in-service distribution from the plan, or the executive director may render an involuntary distribution to the participant, under the following conditions:</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253StatuteNumber1"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">(1)    The participant is inactive in the plan and has made no deferrals for at least two years prior to the distribution;</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253StatuteNumber1"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">(2)    The total distribution, whether elective, involuntary, or both, does not exceed five thousand dollars; and</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253StatuteNumber1"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">(3)    The participant has not previously received an elective or an involuntary distribution under the plan.</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253Statute"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">If implementing subdivision (2) of this section, the value of a participant's nonforfeitable account balance must be determined without regard to the portion of the account balance attributable to rollover contributions, and earning allocable thereto, within the meaning of §§ 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e) of the Internal Revenue Code.</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253Statute"><span class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont">If an involuntary distribution exceeds one thousand dollars and if the participant does not elect to have the distribution transferred to an eligible retirement plan pursuant to § 401(a)(31) of the Internal Revenue Code or does not elect to receive the distribution directly, the distribution must be transferred to an individual retirement plan of a designated trustee or issuer. The executive director shall notify the participant in writing that the distribution may be transferred to another individual retirement plan.</span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253Normal"><span xml:space="preserve" class="sfda52c70969f46bfb7c05a49b0d78253000000"> </span></p><p dir="ltr" class="sfda52c70969f46bfb7c05a49b0d78253NoIndent"><span xml:space="preserve" class="sfda52c70969f46bfb7c05a49b0d78253DefaultParagraphFont-000001">Source: </span><span class="sfda52c70969f46bfb7c05a49b0d78253SCL">SL 2025, ch 27, § 110.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s8343a04a7e7e4c53991849d9346f01ecNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8343a04a7e7e4c53991849d9346f01ecSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8343a04a7e7e4c53991849d9346f01ecCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s8343a04a7e7e4c53991849d9346f01ecStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s8343a04a7e7e4c53991849d9346f01ec000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s8343a04a7e7e4c53991849d9346f01ecNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8343a04a7e7e4c53991849d9346f01ecSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-83.1 - Immediate distribution--In-service distribution--Age requirement--Effect."><meta property="og:description" content="SDLRC Codified Law 3-13-83.1 - Immediate distribution--In-service distribution--Age requirement--Effect."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-83.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s8343a04a7e7e4c53991849d9346f01ecNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83.1" rel="noopener"><span class="s8343a04a7e7e4c53991849d9346f01ecSENU">3-13-83.1</span></a><span xml:space="preserve" class="s8343a04a7e7e4c53991849d9346f01ecSENU">. </span><span class="s8343a04a7e7e4c53991849d9346f01ecCL">Immediate distribution--In-service distribution--Age requirement--Effect.</span></p><p dir="ltr" class="s8343a04a7e7e4c53991849d9346f01ecStatute"><span xml:space="preserve" class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont">Notwithstanding § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-83" rel="noopener"><span class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont">3-13-83</span></a><span xml:space="preserve" class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont">, a participant who is at least fifty-nine and one-half years old may elect to receive an in-service distribution from the plan in any form permitted under § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-80" rel="noopener"><span class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont">3-13-80</span></a><span class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont">. The receipt of an in-service distribution pursuant to this section does not preclude the participant from continuing to make deferrals of compensation into the plan.</span></p><p dir="ltr" class="s8343a04a7e7e4c53991849d9346f01ecNormal"><span xml:space="preserve" class="s8343a04a7e7e4c53991849d9346f01ec000000"> </span></p><p dir="ltr" class="s8343a04a7e7e4c53991849d9346f01ecNoIndent"><span xml:space="preserve" class="s8343a04a7e7e4c53991849d9346f01ecDefaultParagraphFont-000001">Source: </span><span class="s8343a04a7e7e4c53991849d9346f01ecSCL">SL 2026, ch 27, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa65c8ec5f8354d2dab45669b718c6c14Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa65c8ec5f8354d2dab45669b718c6c14SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa65c8ec5f8354d2dab45669b718c6c14CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa65c8ec5f8354d2dab45669b718c6c14Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa65c8ec5f8354d2dab45669b718c6c14000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa65c8ec5f8354d2dab45669b718c6c14NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa65c8ec5f8354d2dab45669b718c6c14SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-84 - Distributions deemed reasonable and made in good faith under federal law."><meta property="og:description" content="SDLRC Codified Law 3-13-84 - Distributions deemed reasonable and made in good faith under federal law."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-84"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa65c8ec5f8354d2dab45669b718c6c14Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-84" rel="noopener"><span class="sa65c8ec5f8354d2dab45669b718c6c14SENU">3-13-84</span></a><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14SENU">. </span><span class="sa65c8ec5f8354d2dab45669b718c6c14CL">Distributions deemed reasonable and made in good faith under federal law.</span></p><p dir="ltr" class="sa65c8ec5f8354d2dab45669b718c6c14Statute"><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont">Any distribution under §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-79" rel="noopener"><span class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont">3-13-79</span></a><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-80" rel="noopener"><span class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont">3-13-80</span></a><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont"> is deemed to be reasonable and made in good faith under § 401(a)(9) of the Internal Revenue Code.</span></p><p dir="ltr" class="sa65c8ec5f8354d2dab45669b718c6c14Normal"><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14000000"> </span></p><p dir="ltr" class="sa65c8ec5f8354d2dab45669b718c6c14NoIndent"><span xml:space="preserve" class="sa65c8ec5f8354d2dab45669b718c6c14DefaultParagraphFont-000001">Source: </span><span class="sa65c8ec5f8354d2dab45669b718c6c14SCL">SL 2025, ch 27, § 111.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s8b6902439b24441993b916987f1ad41fNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8b6902439b24441993b916987f1ad41fSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8b6902439b24441993b916987f1ad41fCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s8b6902439b24441993b916987f1ad41fStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8b6902439b24441993b916987f1ad41fDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s8b6902439b24441993b916987f1ad41f000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s8b6902439b24441993b916987f1ad41fNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8b6902439b24441993b916987f1ad41fDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8b6902439b24441993b916987f1ad41fSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-85 - Conflict of interest."><meta property="og:description" content="SDLRC Codified Law 3-13-85 - Conflict of interest."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-85"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s8b6902439b24441993b916987f1ad41fNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-85" rel="noopener"><span class="s8b6902439b24441993b916987f1ad41fSENU">3-13-85</span></a><span xml:space="preserve" class="s8b6902439b24441993b916987f1ad41fSENU">. </span><span class="s8b6902439b24441993b916987f1ad41fCL">Conflict of interest.</span></p><p dir="ltr" class="s8b6902439b24441993b916987f1ad41fStatute"><span class="s8b6902439b24441993b916987f1ad41fDefaultParagraphFont">No employee of a participating employer and no spouse or dependent of the employee may act as or represent a third-party administrator or a vendor in a matter concerning the plan, except the State Investment Council and its employees may invest all or part of the fund.</span></p><p dir="ltr" class="s8b6902439b24441993b916987f1ad41fNormal"><span xml:space="preserve" class="s8b6902439b24441993b916987f1ad41f000000"> </span></p><p dir="ltr" class="s8b6902439b24441993b916987f1ad41fNoIndent"><span xml:space="preserve" class="s8b6902439b24441993b916987f1ad41fDefaultParagraphFont-000001">Source: </span><span class="s8b6902439b24441993b916987f1ad41fSCL">SL 2025, ch 27, § 112.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s5c2d4ab7612f4fbfb1d9e0aef0620819Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s5c2d4ab7612f4fbfb1d9e0aef0620819Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5c2d4ab7612f4fbfb1d9e0aef0620819NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5c2d4ab7612f4fbfb1d9e0aef0620819SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-86 - Assignment prohibited--Exception."><meta property="og:description" content="SDLRC Codified Law 3-13-86 - Assignment prohibited--Exception."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-86"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s5c2d4ab7612f4fbfb1d9e0aef0620819Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-86" rel="noopener"><span class="s5c2d4ab7612f4fbfb1d9e0aef0620819SENU">3-13-86</span></a><span xml:space="preserve" class="s5c2d4ab7612f4fbfb1d9e0aef0620819SENU">. </span><span class="s5c2d4ab7612f4fbfb1d9e0aef0620819CL">Assignment prohibited--Exception.</span></p><p dir="ltr" class="s5c2d4ab7612f4fbfb1d9e0aef0620819Statute"><span class="s5c2d4ab7612f4fbfb1d9e0aef0620819DefaultParagraphFont">A participant may not assign or otherwise alienate any right to benefits under the plan, except through the provisions of a qualified domestic relations order, as defined in § 414(p) of the Internal Revenue Code.</span></p><p dir="ltr" class="s5c2d4ab7612f4fbfb1d9e0aef0620819Normal"><span xml:space="preserve" class="s5c2d4ab7612f4fbfb1d9e0aef0620819000000"> </span></p><p dir="ltr" class="s5c2d4ab7612f4fbfb1d9e0aef0620819NoIndent"><span xml:space="preserve" class="s5c2d4ab7612f4fbfb1d9e0aef0620819DefaultParagraphFont-000001">Source: </span><span class="s5c2d4ab7612f4fbfb1d9e0aef0620819SCL">SL 2025, ch 27, § 113.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.se4a98acc8fce4cadb28662c1f0fc565dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se4a98acc8fce4cadb28662c1f0fc565dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se4a98acc8fce4cadb28662c1f0fc565dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.se4a98acc8fce4cadb28662c1f0fc565dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se4a98acc8fce4cadb28662c1f0fc565dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.se4a98acc8fce4cadb28662c1f0fc565d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.se4a98acc8fce4cadb28662c1f0fc565dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.se4a98acc8fce4cadb28662c1f0fc565dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se4a98acc8fce4cadb28662c1f0fc565dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-87 - Trustee-to-trustee transfer or rollover permitted--Requirements."><meta property="og:description" content="SDLRC Codified Law 3-13-87 - Trustee-to-trustee transfer or rollover permitted--Requirements."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-87"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="se4a98acc8fce4cadb28662c1f0fc565dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-87" rel="noopener"><span class="se4a98acc8fce4cadb28662c1f0fc565dSENU">3-13-87</span></a><span xml:space="preserve" class="se4a98acc8fce4cadb28662c1f0fc565dSENU">. </span><span class="se4a98acc8fce4cadb28662c1f0fc565dCL">Trustee-to-trustee transfer or rollover permitted--Requirements.</span></p><p dir="ltr" class="se4a98acc8fce4cadb28662c1f0fc565dStatute"><span class="se4a98acc8fce4cadb28662c1f0fc565dDefaultParagraphFont">To the extent permitted by law, a participant may transfer a portion or all of the participant's account in another plan, which is eligible under § 401, 403(b), 408, or 457(b) of the Internal Revenue Code, into the plan by trustee-to-trustee transfer or by rollover. The plan must account for the amounts separately. A participant may rollover designated Roth contributions into the plan only if the contributions are a direct rollover from another plan that permits designated Roth contributions, as described in § 402A(e)(1) of the Internal Revenue Code, and only to the extent the rollover is permitted under § 402(c) of the Internal Revenue Code. The plan must establish and maintain separate recordkeeping for any Roth rollover paid to the plan from any eligible retirement plan and must record the year that the participant first made a designated Roth rollover.</span></p><p dir="ltr" class="se4a98acc8fce4cadb28662c1f0fc565dNormal"><span xml:space="preserve" class="se4a98acc8fce4cadb28662c1f0fc565d000000"> </span></p><p dir="ltr" class="se4a98acc8fce4cadb28662c1f0fc565dNoIndent"><span xml:space="preserve" class="se4a98acc8fce4cadb28662c1f0fc565dDefaultParagraphFont-000001">Source: </span><span class="se4a98acc8fce4cadb28662c1f0fc565dSCL">SL 2025, ch 27, § 114.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sff96e1595d864265893f188cef25662bNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sff96e1595d864265893f188cef25662bSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sff96e1595d864265893f188cef25662bCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sff96e1595d864265893f188cef25662bStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sff96e1595d864265893f188cef25662bDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sff96e1595d864265893f188cef25662b000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sff96e1595d864265893f188cef25662bNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sff96e1595d864265893f188cef25662bDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sff96e1595d864265893f188cef25662bSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-88 - Trustee-to-trustee transfer--Credited service in governmental defined benefit retirement plan."><meta property="og:description" content="SDLRC Codified Law 3-13-88 - Trustee-to-trustee transfer--Credited service in governmental defined benefit retirement plan."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-88"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sff96e1595d864265893f188cef25662bNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-88" rel="noopener"><span class="sff96e1595d864265893f188cef25662bSENU">3-13-88</span></a><span xml:space="preserve" class="sff96e1595d864265893f188cef25662bSENU">. </span><span class="sff96e1595d864265893f188cef25662bCL">Trustee-to-trustee transfer--Credited service in governmental defined benefit retirement plan.</span></p><p dir="ltr" class="sff96e1595d864265893f188cef25662bStatute"><span class="sff96e1595d864265893f188cef25662bDefaultParagraphFont">For the purpose of acquiring credited service in a qualified governmental defined benefit retirement plan, as identified under § 401(a) and defined in § 414(d) of the Internal Revenue Code, a participant may transfer a portion or all of the participant's account in the plan by trustee-to-trustee transfer to the government defined benefit retirement plan.</span></p><p dir="ltr" class="sff96e1595d864265893f188cef25662bNormal"><span xml:space="preserve" class="sff96e1595d864265893f188cef25662b000000"> </span></p><p dir="ltr" class="sff96e1595d864265893f188cef25662bNoIndent"><span xml:space="preserve" class="sff96e1595d864265893f188cef25662bDefaultParagraphFont-000001">Source: </span><span class="sff96e1595d864265893f188cef25662bSCL">SL 2025, ch 27, § 115.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sddb2e79df7e9430fbf094bba0ebc7e8fNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sddb2e79df7e9430fbf094bba0ebc7e8fSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sddb2e79df7e9430fbf094bba0ebc7e8fCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sddb2e79df7e9430fbf094bba0ebc7e8fStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sddb2e79df7e9430fbf094bba0ebc7e8fDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sddb2e79df7e9430fbf094bba0ebc7e8f000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sddb2e79df7e9430fbf094bba0ebc7e8fNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sddb2e79df7e9430fbf094bba0ebc7e8fDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sddb2e79df7e9430fbf094bba0ebc7e8fSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-89 - Rollover to another plan."><meta property="og:description" content="SDLRC Codified Law 3-13-89 - Rollover to another plan."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-89"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sddb2e79df7e9430fbf094bba0ebc7e8fNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-89" rel="noopener"><span class="sddb2e79df7e9430fbf094bba0ebc7e8fSENU">3-13-89</span></a><span xml:space="preserve" class="sddb2e79df7e9430fbf094bba0ebc7e8fSENU">. </span><span class="sddb2e79df7e9430fbf094bba0ebc7e8fCL">Rollover to another plan.</span></p><p dir="ltr" class="sddb2e79df7e9430fbf094bba0ebc7e8fStatute"><span class="sddb2e79df7e9430fbf094bba0ebc7e8fDefaultParagraphFont">A participant or a participant's surviving spouse may transfer a portion or all of the participant's account by rollover to another plan, which is eligible under § 401, 403(b), 408, 408A, or 457 of the Internal Revenue Code. A participant's beneficiary who is not the participant's surviving spouse may transfer a portion or all of the participant's account by rollover to a plan that is eligible under § 408 or 408A of the Internal Revenue Code.</span></p><p dir="ltr" class="sddb2e79df7e9430fbf094bba0ebc7e8fNormal"><span xml:space="preserve" class="sddb2e79df7e9430fbf094bba0ebc7e8f000000"> </span></p><p dir="ltr" class="sddb2e79df7e9430fbf094bba0ebc7e8fNoIndent"><span xml:space="preserve" class="sddb2e79df7e9430fbf094bba0ebc7e8fDefaultParagraphFont-000001">Source: </span><span class="sddb2e79df7e9430fbf094bba0ebc7e8fSCL">SL 2025, ch 27, § 116.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd16d01f29df745b2873f814c8637cbd3Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd16d01f29df745b2873f814c8637cbd3SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd16d01f29df745b2873f814c8637cbd3CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd16d01f29df745b2873f814c8637cbd3Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd16d01f29df745b2873f814c8637cbd3DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd16d01f29df745b2873f814c8637cbd3000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sd16d01f29df745b2873f814c8637cbd3NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd16d01f29df745b2873f814c8637cbd3DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd16d01f29df745b2873f814c8637cbd3SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-90 - In-plan Roth conversion--Irrevocable."><meta property="og:description" content="SDLRC Codified Law 3-13-90 - In-plan Roth conversion--Irrevocable."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-90"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd16d01f29df745b2873f814c8637cbd3Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-90" rel="noopener"><span class="sd16d01f29df745b2873f814c8637cbd3SENU">3-13-90</span></a><span xml:space="preserve" class="sd16d01f29df745b2873f814c8637cbd3SENU">. </span><span class="sd16d01f29df745b2873f814c8637cbd3CL">In-plan Roth conversion--Irrevocable.</span></p><p dir="ltr" class="sd16d01f29df745b2873f814c8637cbd3Statute"><span class="sd16d01f29df745b2873f814c8637cbd3DefaultParagraphFont">A participant may convert the participant's pre-tax contributions to designated Roth contributions within the plan. The amount of the in-plan Roth conversion is subject to ordinary income taxes in the year of the conversion. Withholding of federal income tax from the conversion amount is prohibited. Once an in-plan Roth conversion is processed, the conversion is irrevocable. The amount of an in-plan Roth conversion must continue to be taken into consideration for mandatory distributions. The plan must establish and maintain separate recordkeeping for any in-plan Roth conversion made within the plan and must record the year that the participant first made a conversion.</span></p><p dir="ltr" class="sd16d01f29df745b2873f814c8637cbd3Normal"><span xml:space="preserve" class="sd16d01f29df745b2873f814c8637cbd3000000"> </span></p><p dir="ltr" class="sd16d01f29df745b2873f814c8637cbd3NoIndent"><span xml:space="preserve" class="sd16d01f29df745b2873f814c8637cbd3DefaultParagraphFont-000001">Source: </span><span class="sd16d01f29df745b2873f814c8637cbd3SCL">SL 2025, ch 27, § 117.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa06a0a5674e8482b9f42cec72d397452Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa06a0a5674e8482b9f42cec72d397452SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa06a0a5674e8482b9f42cec72d397452CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa06a0a5674e8482b9f42cec72d397452Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa06a0a5674e8482b9f42cec72d397452DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa06a0a5674e8482b9f42cec72d397452000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa06a0a5674e8482b9f42cec72d397452NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa06a0a5674e8482b9f42cec72d397452DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa06a0a5674e8482b9f42cec72d397452SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-91 - Plan assets--Trust."><meta property="og:description" content="SDLRC Codified Law 3-13-91 - Plan assets--Trust."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-91"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa06a0a5674e8482b9f42cec72d397452Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-91" rel="noopener"><span class="sa06a0a5674e8482b9f42cec72d397452SENU">3-13-91</span></a><span xml:space="preserve" class="sa06a0a5674e8482b9f42cec72d397452SENU">. </span><span class="sa06a0a5674e8482b9f42cec72d397452CL">Plan assets--Trust.</span></p><p dir="ltr" class="sa06a0a5674e8482b9f42cec72d397452Statute"><span class="sa06a0a5674e8482b9f42cec72d397452DefaultParagraphFont">The plan and the plan's assets, until made available to a participant or a beneficiary, must be maintained in trust for the sole benefit of the participants of the plan.</span></p><p dir="ltr" class="sa06a0a5674e8482b9f42cec72d397452Normal"><span xml:space="preserve" class="sa06a0a5674e8482b9f42cec72d397452000000"> </span></p><p dir="ltr" class="sa06a0a5674e8482b9f42cec72d397452NoIndent"><span xml:space="preserve" class="sa06a0a5674e8482b9f42cec72d397452DefaultParagraphFont-000001">Source: </span><span class="sa06a0a5674e8482b9f42cec72d397452SCL">SL 2025, ch 27, § 118.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc537df76a0f74bb384c44c6ecc1e0f4bNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc537df76a0f74bb384c44c6ecc1e0f4bSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc537df76a0f74bb384c44c6ecc1e0f4bCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc537df76a0f74bb384c44c6ecc1e0f4bStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc537df76a0f74bb384c44c6ecc1e0f4bDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc537df76a0f74bb384c44c6ecc1e0f4b000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc537df76a0f74bb384c44c6ecc1e0f4bNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc537df76a0f74bb384c44c6ecc1e0f4bDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc537df76a0f74bb384c44c6ecc1e0f4bSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-92 - Effective date of change--Late filing."><meta property="og:description" content="SDLRC Codified Law 3-13-92 - Effective date of change--Late filing."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-92"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc537df76a0f74bb384c44c6ecc1e0f4bNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-92" rel="noopener"><span class="sc537df76a0f74bb384c44c6ecc1e0f4bSENU">3-13-92</span></a><span xml:space="preserve" class="sc537df76a0f74bb384c44c6ecc1e0f4bSENU">. </span><span class="sc537df76a0f74bb384c44c6ecc1e0f4bCL">Effective date of change--Late filing.</span></p><p dir="ltr" class="sc537df76a0f74bb384c44c6ecc1e0f4bStatute"><span class="sc537df76a0f74bb384c44c6ecc1e0f4bDefaultParagraphFont">Any form required under the plan which causes a change on a participant's payroll, is effective as early as the next available pay date, subject to the timing of payroll processing by the participant s employer. If a form is filed too late for a change to be made effective for the next following pay period, the change is effective in the subsequent pay period.</span></p><p dir="ltr" class="sc537df76a0f74bb384c44c6ecc1e0f4bNormal"><span xml:space="preserve" class="sc537df76a0f74bb384c44c6ecc1e0f4b000000"> </span></p><p dir="ltr" class="sc537df76a0f74bb384c44c6ecc1e0f4bNoIndent"><span xml:space="preserve" class="sc537df76a0f74bb384c44c6ecc1e0f4bDefaultParagraphFont-000001">Source: </span><span class="sc537df76a0f74bb384c44c6ecc1e0f4bSCL">SL 2025, ch 27, § 119.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4430b18c9e0c435086369df93ca89281Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4430b18c9e0c435086369df93ca89281SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4430b18c9e0c435086369df93ca89281CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4430b18c9e0c435086369df93ca89281Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4430b18c9e0c435086369df93ca89281DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4430b18c9e0c435086369df93ca89281000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4430b18c9e0c435086369df93ca89281NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4430b18c9e0c435086369df93ca89281DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4430b18c9e0c435086369df93ca89281SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-93 - Correction of errors--Excess deferrals."><meta property="og:description" content="SDLRC Codified Law 3-13-93 - Correction of errors--Excess deferrals."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-93"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4430b18c9e0c435086369df93ca89281Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-93" rel="noopener"><span class="s4430b18c9e0c435086369df93ca89281SENU">3-13-93</span></a><span xml:space="preserve" class="s4430b18c9e0c435086369df93ca89281SENU">. </span><span class="s4430b18c9e0c435086369df93ca89281CL">Correction of errors--Excess deferrals.</span></p><p dir="ltr" class="s4430b18c9e0c435086369df93ca89281Statute"><span class="s4430b18c9e0c435086369df93ca89281DefaultParagraphFont">If, due to an error, a participant defers more than the permissible amount, the third-party administrator may correct the error by returning the excess deferral to the participant. For any plan year in which a participant makes both pre-tax contributions and designated Roth contributions, any corrective distribution must be taken first from the participant's designated Roth contributions, and then, if required, from the pre-tax contributions. A participant may elect a different method of distribution.</span></p><p dir="ltr" class="s4430b18c9e0c435086369df93ca89281Normal"><span xml:space="preserve" class="s4430b18c9e0c435086369df93ca89281000000"> </span></p><p dir="ltr" class="s4430b18c9e0c435086369df93ca89281NoIndent"><span xml:space="preserve" class="s4430b18c9e0c435086369df93ca89281DefaultParagraphFont-000001">Source: </span><span class="s4430b18c9e0c435086369df93ca89281SCL">SL 2025, ch 27, § 120.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s0b94dcedddd64b4e8807862f836b56fdNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0b94dcedddd64b4e8807862f836b56fdSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0b94dcedddd64b4e8807862f836b56fdCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s0b94dcedddd64b4e8807862f836b56fdStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0b94dcedddd64b4e8807862f836b56fdDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s0b94dcedddd64b4e8807862f836b56fd000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s0b94dcedddd64b4e8807862f836b56fdNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s0b94dcedddd64b4e8807862f836b56fdDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0b94dcedddd64b4e8807862f836b56fdSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-94 - Correction of errors--Payroll error."><meta property="og:description" content="SDLRC Codified Law 3-13-94 - Correction of errors--Payroll error."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-94"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s0b94dcedddd64b4e8807862f836b56fdNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-94" rel="noopener"><span class="s0b94dcedddd64b4e8807862f836b56fdSENU">3-13-94</span></a><span xml:space="preserve" class="s0b94dcedddd64b4e8807862f836b56fdSENU">. </span><span class="s0b94dcedddd64b4e8807862f836b56fdCL">Correction of errors--Payroll error.</span></p><p dir="ltr" class="s0b94dcedddd64b4e8807862f836b56fdStatute"><span class="s0b94dcedddd64b4e8807862f836b56fdDefaultParagraphFont">If, due to a payroll error, a participant's deferral is deposited in an investment alternative other than the one selected by the participant, the third-party administrator may correct the error by transferring the participant's deferral to the proper investment alternative, subject to any limitations that may be imposed by the vendor. No retroactive adjustment may be made.</span></p><p dir="ltr" class="s0b94dcedddd64b4e8807862f836b56fdNormal"><span xml:space="preserve" class="s0b94dcedddd64b4e8807862f836b56fd000000"> </span></p><p dir="ltr" class="s0b94dcedddd64b4e8807862f836b56fdNoIndent"><span xml:space="preserve" class="s0b94dcedddd64b4e8807862f836b56fdDefaultParagraphFont-000001">Source: </span><span class="s0b94dcedddd64b4e8807862f836b56fdSCL">SL 2025, ch 27, § 121.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s020e7f8ca5a04fe2b9e084d957bf2b4cNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s020e7f8ca5a04fe2b9e084d957bf2b4cSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s020e7f8ca5a04fe2b9e084d957bf2b4cCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s020e7f8ca5a04fe2b9e084d957bf2b4cStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s020e7f8ca5a04fe2b9e084d957bf2b4cDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s020e7f8ca5a04fe2b9e084d957bf2b4c000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s020e7f8ca5a04fe2b9e084d957bf2b4cNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s020e7f8ca5a04fe2b9e084d957bf2b4cDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s020e7f8ca5a04fe2b9e084d957bf2b4cSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-95 - Automatic enrollment units--Automatic escalation--Decision--Recission of unit s status--Automatic enrollee s status."><meta property="og:description" content="SDLRC Codified Law 3-13-95 - Automatic enrollment units--Automatic escalation--Decision--Recission of unit s status--Automatic enrollee s status."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-95"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s020e7f8ca5a04fe2b9e084d957bf2b4cNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-95" rel="noopener"><span class="s020e7f8ca5a04fe2b9e084d957bf2b4cSENU">3-13-95</span></a><span xml:space="preserve" class="s020e7f8ca5a04fe2b9e084d957bf2b4cSENU">. </span><span class="s020e7f8ca5a04fe2b9e084d957bf2b4cCL">Automatic enrollment units--Automatic escalation--Decision--Recission of unit s status--Automatic enrollee s status.</span></p><p dir="ltr" class="s020e7f8ca5a04fe2b9e084d957bf2b4cStatute"><span class="s020e7f8ca5a04fe2b9e084d957bf2b4cDefaultParagraphFont">Any participating employer may become an automatic enrollment unit. Automatic enrollment includes automatic escalation for any participating employer becoming an automatic enrollment unit after June 30, 2015. The decision to become an automatic enrollment unit must be made by the elected official, the appointed official, or the governing body in charge of the participating employer. The participating employer shall become an automatic enrollment unit after notice of the decision has been delivered in writing to the system. An automatic enrollment unit may choose to rescind the status at a later date and may do so by delivering written notice of the decision to the system. If a rescission occurs, the status of any automatic enrollee who was enrolled in the plan is not affected.</span></p><p dir="ltr" class="s020e7f8ca5a04fe2b9e084d957bf2b4cNormal"><span xml:space="preserve" class="s020e7f8ca5a04fe2b9e084d957bf2b4c000000"> </span></p><p dir="ltr" class="s020e7f8ca5a04fe2b9e084d957bf2b4cNoIndent"><span xml:space="preserve" class="s020e7f8ca5a04fe2b9e084d957bf2b4cDefaultParagraphFont-000001">Source: </span><span class="s020e7f8ca5a04fe2b9e084d957bf2b4cSCL">SL 2025, ch 27, § 122.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s986b30c604f9470da193c64495cf14d5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s986b30c604f9470da193c64495cf14d5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s986b30c604f9470da193c64495cf14d5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s986b30c604f9470da193c64495cf14d5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s986b30c604f9470da193c64495cf14d5DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s986b30c604f9470da193c64495cf14d5000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s986b30c604f9470da193c64495cf14d5NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s986b30c604f9470da193c64495cf14d5DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s986b30c604f9470da193c64495cf14d5SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-96 - Automatic escalation for participating employers--Automatic enrollment units prior to July 1, 2015."><meta property="og:description" content="SDLRC Codified Law 3-13-96 - Automatic escalation for participating employers--Automatic enrollment units prior to July 1, 2015."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-96"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s986b30c604f9470da193c64495cf14d5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-96" rel="noopener"><span class="s986b30c604f9470da193c64495cf14d5SENU">3-13-96</span></a><span xml:space="preserve" class="s986b30c604f9470da193c64495cf14d5SENU">. </span><span class="s986b30c604f9470da193c64495cf14d5CL">Automatic escalation for participating employers--Automatic enrollment units prior to July 1, 2015.</span></p><p dir="ltr" class="s986b30c604f9470da193c64495cf14d5Statute"><span class="s986b30c604f9470da193c64495cf14d5DefaultParagraphFont">A participating employer who became an automatic enrollment unit prior to July 1, 2015, may elect to add automatic escalation for the participating employer's current and future permanent employees. The decision must be made by the elected official, the appointed official, or the governing body in charge of the unit and is effective after notice of the decision has been delivered in writing to the system.</span></p><p dir="ltr" class="s986b30c604f9470da193c64495cf14d5Normal"><span xml:space="preserve" class="s986b30c604f9470da193c64495cf14d5000000"> </span></p><p dir="ltr" class="s986b30c604f9470da193c64495cf14d5NoIndent"><span xml:space="preserve" class="s986b30c604f9470da193c64495cf14d5DefaultParagraphFont-000001">Source: </span><span class="s986b30c604f9470da193c64495cf14d5SCL">SL 2025, ch 27, § 123.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s94517ca7fd12420382629d1f10dde42dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s94517ca7fd12420382629d1f10dde42dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s94517ca7fd12420382629d1f10dde42dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s94517ca7fd12420382629d1f10dde42dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s94517ca7fd12420382629d1f10dde42dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s94517ca7fd12420382629d1f10dde42d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s94517ca7fd12420382629d1f10dde42dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s94517ca7fd12420382629d1f10dde42dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s94517ca7fd12420382629d1f10dde42dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-97 - Start of automatic escalation for automatic enrollment unit--Notice required."><meta property="og:description" content="SDLRC Codified Law 3-13-97 - Start of automatic escalation for automatic enrollment unit--Notice required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-97"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s94517ca7fd12420382629d1f10dde42dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-97" rel="noopener"><span class="s94517ca7fd12420382629d1f10dde42dSENU">3-13-97</span></a><span xml:space="preserve" class="s94517ca7fd12420382629d1f10dde42dSENU">. </span><span class="s94517ca7fd12420382629d1f10dde42dCL">Start of automatic escalation for automatic enrollment unit--Notice required.</span></p><p dir="ltr" class="s94517ca7fd12420382629d1f10dde42dStatute"><span class="s94517ca7fd12420382629d1f10dde42dDefaultParagraphFont">An automatic enrollment unit may elect to commence automatic escalation in either January or July. Automatic escalation commences the January or July immediately after the automatic enrollment unit's decision is delivered in writing to the system, as long as notice of the decision is received no later than September fifteenth for a January start or March fifteenth for a July start. If the notice of the unit's decision is received after those dates, automatic escalation commences the following January or July, as elected by the unit.</span></p><p dir="ltr" class="s94517ca7fd12420382629d1f10dde42dNormal"><span xml:space="preserve" class="s94517ca7fd12420382629d1f10dde42d000000"> </span></p><p dir="ltr" class="s94517ca7fd12420382629d1f10dde42dNoIndent"><span xml:space="preserve" class="s94517ca7fd12420382629d1f10dde42dDefaultParagraphFont-000001">Source: </span><span class="s94517ca7fd12420382629d1f10dde42dSCL">SL 2025, ch 27, § 124.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa8dea0279d2045209a807730673fd585Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa8dea0279d2045209a807730673fd585SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa8dea0279d2045209a807730673fd585CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa8dea0279d2045209a807730673fd585Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa8dea0279d2045209a807730673fd585DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa8dea0279d2045209a807730673fd585000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa8dea0279d2045209a807730673fd585NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sa8dea0279d2045209a807730673fd585DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa8dea0279d2045209a807730673fd585SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-98 - Automatic enrollment--Participating employer."><meta property="og:description" content="SDLRC Codified Law 3-13-98 - Automatic enrollment--Participating employer."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-98"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa8dea0279d2045209a807730673fd585Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-98" rel="noopener"><span class="sa8dea0279d2045209a807730673fd585SENU">3-13-98</span></a><span xml:space="preserve" class="sa8dea0279d2045209a807730673fd585SENU">. </span><span class="sa8dea0279d2045209a807730673fd585CL">Automatic enrollment--Participating employer.</span></p><p dir="ltr" class="sa8dea0279d2045209a807730673fd585Statute"><span xml:space="preserve" class="sa8dea0279d2045209a807730673fd585DefaultParagraphFont">Any individual who becomes a permanent employee of a participating employer, after the participating employer becomes an automatic enrollment unit, becomes an automatic enrollee in the plan. Any permanent employee of the state who is not contributing to the plan on June 30, 2019, becomes an automatic enrollee in the plan on July 1, 2019. Any other permanent employee who is not contributing to the plan and who is employed by an automatic enrollment unit that elects automatic enrollment, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-99" rel="noopener"><span class="sa8dea0279d2045209a807730673fd585DefaultParagraphFont">3-13-99</span></a><span class="sa8dea0279d2045209a807730673fd585DefaultParagraphFont">, becomes an automatic enrollee in the plan.</span></p><p dir="ltr" class="sa8dea0279d2045209a807730673fd585Normal"><span xml:space="preserve" class="sa8dea0279d2045209a807730673fd585000000"> </span></p><p dir="ltr" class="sa8dea0279d2045209a807730673fd585NoIndent"><span xml:space="preserve" class="sa8dea0279d2045209a807730673fd585DefaultParagraphFont-000001">Source: </span><span class="sa8dea0279d2045209a807730673fd585SCL">SL 2025, ch 27, § 125.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.saee1afd2d83449f1a47baf77dd222338Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.saee1afd2d83449f1a47baf77dd222338SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saee1afd2d83449f1a47baf77dd222338CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.saee1afd2d83449f1a47baf77dd222338Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.saee1afd2d83449f1a47baf77dd222338DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.saee1afd2d83449f1a47baf77dd222338000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.saee1afd2d83449f1a47baf77dd222338NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.saee1afd2d83449f1a47baf77dd222338DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saee1afd2d83449f1a47baf77dd222338SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-99 - Automatic enrollment--Nonstate participating employer."><meta property="og:description" content="SDLRC Codified Law 3-13-99 - Automatic enrollment--Nonstate participating employer."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-99"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="saee1afd2d83449f1a47baf77dd222338Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-99" rel="noopener"><span class="saee1afd2d83449f1a47baf77dd222338SENU">3-13-99</span></a><span xml:space="preserve" class="saee1afd2d83449f1a47baf77dd222338SENU">. </span><span class="saee1afd2d83449f1a47baf77dd222338CL">Automatic enrollment--Nonstate participating employer.</span></p><p dir="ltr" class="saee1afd2d83449f1a47baf77dd222338Statute"><span class="saee1afd2d83449f1a47baf77dd222338DefaultParagraphFont">An automatic enrollment unit other than the state may elect to automatically enroll the unit's permanent employees who are not contributing to the deferred compensation plan. The automatic enrollment unit may elect to commence automatic enrollment for the employees on the January or July immediately after the automatic enrollment unit's decision is delivered in writing to the system. The notice of the decision must be received no later than September fifteenth for a January start or March fifteenth for a July start.</span></p><p dir="ltr" class="saee1afd2d83449f1a47baf77dd222338Normal"><span xml:space="preserve" class="saee1afd2d83449f1a47baf77dd222338000000"> </span></p><p dir="ltr" class="saee1afd2d83449f1a47baf77dd222338NoIndent"><span xml:space="preserve" class="saee1afd2d83449f1a47baf77dd222338DefaultParagraphFont-000001">Source: </span><span class="saee1afd2d83449f1a47baf77dd222338SCL">SL 2025, ch 27, § 126.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s79bee27bc33b4ff79606681bc5cdb6c6Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s79bee27bc33b4ff79606681bc5cdb6c6SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s79bee27bc33b4ff79606681bc5cdb6c6CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s79bee27bc33b4ff79606681bc5cdb6c6Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s79bee27bc33b4ff79606681bc5cdb6c6DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s79bee27bc33b4ff79606681bc5cdb6c6000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s79bee27bc33b4ff79606681bc5cdb6c6NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s79bee27bc33b4ff79606681bc5cdb6c6DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s79bee27bc33b4ff79606681bc5cdb6c6SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-100 - Automatic enrollment--Initial deferrals--Election to not participate--Refund--Effect."><meta property="og:description" content="SDLRC Codified Law 3-13-100 - Automatic enrollment--Initial deferrals--Election to not participate--Refund--Effect."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-100"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s79bee27bc33b4ff79606681bc5cdb6c6Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-100" rel="noopener"><span class="s79bee27bc33b4ff79606681bc5cdb6c6SENU">3-13-100</span></a><span xml:space="preserve" class="s79bee27bc33b4ff79606681bc5cdb6c6SENU">. </span><span class="s79bee27bc33b4ff79606681bc5cdb6c6CL">Automatic enrollment--Initial deferrals--Election to not participate--Refund--Effect.</span></p><p dir="ltr" class="s79bee27bc33b4ff79606681bc5cdb6c6Statute"><span class="s79bee27bc33b4ff79606681bc5cdb6c6DefaultParagraphFont">Upon initially becoming an automatic enrollee, twenty-five dollars per month must be deferred to the plan from the compensation of an automatic enrollee, unless the automatic enrollee elects not to participate in the plan within ninety days after the automatic enrollee's first pay date and gives notice of that election to the system, or unless the automatic enrollee elects to defer an increased amount. The deferred compensation and associated gains or losses of an automatic enrollee who elects not to participate must be refunded to the automatic enrollee within thirty days of receipt of the final contribution by the plan. An automatic enrollee who elects not to participate is not barred from future voluntary participation in the plan.</span></p><p dir="ltr" class="s79bee27bc33b4ff79606681bc5cdb6c6Normal"><span xml:space="preserve" class="s79bee27bc33b4ff79606681bc5cdb6c6000000"> </span></p><p dir="ltr" class="s79bee27bc33b4ff79606681bc5cdb6c6NoIndent"><span xml:space="preserve" class="s79bee27bc33b4ff79606681bc5cdb6c6DefaultParagraphFont-000001">Source: </span><span class="s79bee27bc33b4ff79606681bc5cdb6c6SCL">SL 2025, ch 27, § 127.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb088b6d34342497088cbe01bd9c7f6caNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb088b6d34342497088cbe01bd9c7f6caSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb088b6d34342497088cbe01bd9c7f6caCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb088b6d34342497088cbe01bd9c7f6caStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb088b6d34342497088cbe01bd9c7f6caDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb088b6d34342497088cbe01bd9c7f6ca000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb088b6d34342497088cbe01bd9c7f6caNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb088b6d34342497088cbe01bd9c7f6caDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb088b6d34342497088cbe01bd9c7f6caSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-101 - Automatic enrollment--Automatic escalation--Circumstances for no escalation."><meta property="og:description" content="SDLRC Codified Law 3-13-101 - Automatic enrollment--Automatic escalation--Circumstances for no escalation."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-101"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb088b6d34342497088cbe01bd9c7f6caNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-101" rel="noopener"><span class="sb088b6d34342497088cbe01bd9c7f6caSENU">3-13-101</span></a><span xml:space="preserve" class="sb088b6d34342497088cbe01bd9c7f6caSENU">. </span><span class="sb088b6d34342497088cbe01bd9c7f6caCL">Automatic enrollment--Automatic escalation--Circumstances for no escalation.</span></p><p dir="ltr" class="sb088b6d34342497088cbe01bd9c7f6caStatute"><span class="sb088b6d34342497088cbe01bd9c7f6caDefaultParagraphFont">Beginning in 2016 and each year thereafter, automatic escalation for an automatic enrollee means an additional ten dollars per month must be deferred to the plan from the compensation of an automatic enrollee of an automatic enrollment unit that elected automatic escalation or became an automatic enrollment unit after June 30, 2015. If the enrollee has one or more investment alternatives or a Roth account, or any combination thereof, the additional dollars must be prorated in the same manner as the enrollee's deferral before the escalation. No automatic escalation may occur for an automatic enrollee unless at least one year has passed from the enrollee's hire date on which the enrollee became an automatic enrollee. In addition, no automatic escalation may occur for an automatic enrollee who opts out of automatic escalation or has lowered the automatic enrollee's deferral to zero.</span></p><p dir="ltr" class="sb088b6d34342497088cbe01bd9c7f6caNormal"><span xml:space="preserve" class="sb088b6d34342497088cbe01bd9c7f6ca000000"> </span></p><p dir="ltr" class="sb088b6d34342497088cbe01bd9c7f6caNoIndent"><span xml:space="preserve" class="sb088b6d34342497088cbe01bd9c7f6caDefaultParagraphFont-000001">Source: </span><span class="sb088b6d34342497088cbe01bd9c7f6caSCL">SL 2025, ch 27, § 128.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s412e4060c0534584b5a6955118874d62Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s412e4060c0534584b5a6955118874d62SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s412e4060c0534584b5a6955118874d62CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s412e4060c0534584b5a6955118874d62Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s412e4060c0534584b5a6955118874d62DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s412e4060c0534584b5a6955118874d62000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s412e4060c0534584b5a6955118874d62NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s412e4060c0534584b5a6955118874d62DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s412e4060c0534584b5a6955118874d62SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-102 - Automatic enrollment--Contract."><meta property="og:description" content="SDLRC Codified Law 3-13-102 - Automatic enrollment--Contract."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-102"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s412e4060c0534584b5a6955118874d62Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-102" rel="noopener"><span class="s412e4060c0534584b5a6955118874d62SENU">3-13-102</span></a><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62SENU">. </span><span class="s412e4060c0534584b5a6955118874d62CL">Automatic enrollment--Contract.</span></p><p dir="ltr" class="s412e4060c0534584b5a6955118874d62Statute"><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">Automatic enrollment, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-98" rel="noopener"><span class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">3-13-98</span></a><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">, is deemed a contract to participate, and to defer the amount specified in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-100" rel="noopener"><span class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">3-13-100</span></a><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont"> or revised by § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-101" rel="noopener"><span class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">3-13-101</span></a><span class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont">, or specified by the enrollee, until the automatic enrollee chooses to withdraw from the plan.</span></p><p dir="ltr" class="s412e4060c0534584b5a6955118874d62Normal"><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62000000"> </span></p><p dir="ltr" class="s412e4060c0534584b5a6955118874d62NoIndent"><span xml:space="preserve" class="s412e4060c0534584b5a6955118874d62DefaultParagraphFont-000001">Source: </span><span class="s412e4060c0534584b5a6955118874d62SCL">SL 2025, ch 27, § 129.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb41d34256e9846e2a5a1fbbf1e335b29Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb41d34256e9846e2a5a1fbbf1e335b29SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb41d34256e9846e2a5a1fbbf1e335b29CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb41d34256e9846e2a5a1fbbf1e335b29Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb41d34256e9846e2a5a1fbbf1e335b29000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb41d34256e9846e2a5a1fbbf1e335b29NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb41d34256e9846e2a5a1fbbf1e335b29SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-103 - Automatic enrollment--Qualified default investment alternative--Secondary alternative--Liability."><meta property="og:description" content="SDLRC Codified Law 3-13-103 - Automatic enrollment--Qualified default investment alternative--Secondary alternative--Liability."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-103"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb41d34256e9846e2a5a1fbbf1e335b29Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-103" rel="noopener"><span class="sb41d34256e9846e2a5a1fbbf1e335b29SENU">3-13-103</span></a><span xml:space="preserve" class="sb41d34256e9846e2a5a1fbbf1e335b29SENU">. </span><span class="sb41d34256e9846e2a5a1fbbf1e335b29CL">Automatic enrollment--Qualified default investment alternative--Secondary alternative--Liability.</span></p><p dir="ltr" class="sb41d34256e9846e2a5a1fbbf1e335b29Statute"><span xml:space="preserve" class="sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont">The deferred compensation of an automatic enrollee must be deposited in a qualified default investment alternative selected by the state investment officer pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-51.1" rel="noopener"><span class="sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont">3-13-51.1</span></a><span class="sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont">, unless the automatic enrollee affirmatively selects another investment alternative within the plan. The state investment officer shall select a qualified default investment alternative for deferrals from automatic enrollees during the initial ninety-day opt-out period and may select an alternative qualified default investment alternative for accumulated deferrals and subsequent deferrals from automatic enrollees who exceed the ninety-day opt-out period but do not select another investment alternative. Neither the state investment officer, the system, the third-party administrator, nor the automatic enrollment unit may be held liable for any loss sustained by an automatic enrollee whose deferrals are either voluntarily or involuntarily invested in either qualified default investment alternative.</span></p><p dir="ltr" class="sb41d34256e9846e2a5a1fbbf1e335b29Normal"><span xml:space="preserve" class="sb41d34256e9846e2a5a1fbbf1e335b29000000"> </span></p><p dir="ltr" class="sb41d34256e9846e2a5a1fbbf1e335b29NoIndent"><span xml:space="preserve" class="sb41d34256e9846e2a5a1fbbf1e335b29DefaultParagraphFont-000001">Source: </span><span class="sb41d34256e9846e2a5a1fbbf1e335b29SCL">SL 2025, ch 27, § 130.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s422b5cc0f22e4114928361f41c82158fNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s422b5cc0f22e4114928361f41c82158fSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s422b5cc0f22e4114928361f41c82158fCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s422b5cc0f22e4114928361f41c82158fStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s422b5cc0f22e4114928361f41c82158fDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s422b5cc0f22e4114928361f41c82158f000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s422b5cc0f22e4114928361f41c82158fNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s422b5cc0f22e4114928361f41c82158fDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s422b5cc0f22e4114928361f41c82158fSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-104 - Automatic enrollment--Notices required."><meta property="og:description" content="SDLRC Codified Law 3-13-104 - Automatic enrollment--Notices required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-104"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s422b5cc0f22e4114928361f41c82158fNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-104" rel="noopener"><span class="s422b5cc0f22e4114928361f41c82158fSENU">3-13-104</span></a><span xml:space="preserve" class="s422b5cc0f22e4114928361f41c82158fSENU">. </span><span class="s422b5cc0f22e4114928361f41c82158fCL">Automatic enrollment--Notices required.</span></p><p dir="ltr" class="s422b5cc0f22e4114928361f41c82158fStatute"><span class="s422b5cc0f22e4114928361f41c82158fDefaultParagraphFont">Within fifteen days of the system's receipt of the automatic enrollee's initial deferral, the system shall provide notice to the automatic enrollee of the enrollee's right not to participate in the plan.</span></p><p dir="ltr" class="s422b5cc0f22e4114928361f41c82158fStatute"><span class="s422b5cc0f22e4114928361f41c82158fDefaultParagraphFont">Within one year after an automatic enrollee's first compensation deferral and annually thereafter, the system shall provide notice to the automatic enrollee of the enrollee's right to amend the deferral amount and the enrollee's right to amend the choice of investment alternatives.</span></p><p dir="ltr" class="s422b5cc0f22e4114928361f41c82158fNormal"><span xml:space="preserve" class="s422b5cc0f22e4114928361f41c82158f000000"> </span></p><p dir="ltr" class="s422b5cc0f22e4114928361f41c82158fNoIndent"><span xml:space="preserve" class="s422b5cc0f22e4114928361f41c82158fDefaultParagraphFont-000001">Source: </span><span class="s422b5cc0f22e4114928361f41c82158fSCL">SL 2025, ch 27, § 131.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sf6f5a0f123ef4849bc9f5eb3896592bcNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf6f5a0f123ef4849bc9f5eb3896592bcSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf6f5a0f123ef4849bc9f5eb3896592bcCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sf6f5a0f123ef4849bc9f5eb3896592bcStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf6f5a0f123ef4849bc9f5eb3896592bc000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sf6f5a0f123ef4849bc9f5eb3896592bcNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf6f5a0f123ef4849bc9f5eb3896592bcSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-105 - Automatic enrollment--Automatic escalation--Notice--Election to opt out--Automatic enrollee status."><meta property="og:description" content="SDLRC Codified Law 3-13-105 - Automatic enrollment--Automatic escalation--Notice--Election to opt out--Automatic enrollee status."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-105"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sf6f5a0f123ef4849bc9f5eb3896592bcNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-105" rel="noopener"><span class="sf6f5a0f123ef4849bc9f5eb3896592bcSENU">3-13-105</span></a><span xml:space="preserve" class="sf6f5a0f123ef4849bc9f5eb3896592bcSENU">. </span><span class="sf6f5a0f123ef4849bc9f5eb3896592bcCL">Automatic enrollment--Automatic escalation--Notice--Election to opt out--Automatic enrollee status.</span></p><p dir="ltr" class="sf6f5a0f123ef4849bc9f5eb3896592bcStatute"><span xml:space="preserve" class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont">The system shall provide no less than sixty days' notice of each annual automatic escalation, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-101" rel="noopener"><span class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont">3-13-101</span></a><span xml:space="preserve" class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont">. An enrollee may elect not to participate in automatic escalation or may elect to defer an additional amount that is less than or greater than ten dollars. The enrollee shall annually provide notice of any election no later than December fifteenth for an enrollee of an automatic enrollment unit that elected a January start or June fifteenth for an enrollee of an automatic enrollment unit that elected a July start. If the enrollee elects not to participate or to defer a lesser amount after the applicable date provided in this section, the system may not refund the automatic escalation amount to the enrollee. If an enrollee elects not to participate in automatic escalation or elects to defer an additional amount that is less than or greater than ten dollars, the status of the automatic enrollee, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-13-98" rel="noopener"><span class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont">3-13-98</span></a><span class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont">, is not affected.</span></p><p dir="ltr" class="sf6f5a0f123ef4849bc9f5eb3896592bcNormal"><span xml:space="preserve" class="sf6f5a0f123ef4849bc9f5eb3896592bc000000"> </span></p><p dir="ltr" class="sf6f5a0f123ef4849bc9f5eb3896592bcNoIndent"><span xml:space="preserve" class="sf6f5a0f123ef4849bc9f5eb3896592bcDefaultParagraphFont-000001">Source: </span><span class="sf6f5a0f123ef4849bc9f5eb3896592bcSCL">SL 2025, ch 27, § 132.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2f5e19a3e73f410cb54d3bd6c0a6b632Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2f5e19a3e73f410cb54d3bd6c0a6b632Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2f5e19a3e73f410cb54d3bd6c0a6b632NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2f5e19a3e73f410cb54d3bd6c0a6b632SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-13-106 - Automatic enrollment--Advance authorization not required."><meta property="og:description" content="SDLRC Codified Law 3-13-106 - Automatic enrollment--Advance authorization not required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-13-106"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2f5e19a3e73f410cb54d3bd6c0a6b632Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-13-106" rel="noopener"><span class="s2f5e19a3e73f410cb54d3bd6c0a6b632SENU">3-13-106</span></a><span xml:space="preserve" class="s2f5e19a3e73f410cb54d3bd6c0a6b632SENU">. </span><span class="s2f5e19a3e73f410cb54d3bd6c0a6b632CL">Automatic enrollment--Advance authorization not required.</span></p><p dir="ltr" class="s2f5e19a3e73f410cb54d3bd6c0a6b632Statute"><span class="s2f5e19a3e73f410cb54d3bd6c0a6b632DefaultParagraphFont">Automatic enrollment or automatic escalation, pursuant to this chapter, does not require advance authorization by the automatic enrollee. This section is an exception to the provisions of any state law requiring employee authorization for a payroll deduction or any similar ordinance of a local automatic enrollment unit.</span></p><p dir="ltr" class="s2f5e19a3e73f410cb54d3bd6c0a6b632Normal"><span xml:space="preserve" class="s2f5e19a3e73f410cb54d3bd6c0a6b632000000"> </span></p><p dir="ltr" class="s2f5e19a3e73f410cb54d3bd6c0a6b632NoIndent"><span xml:space="preserve" class="s2f5e19a3e73f410cb54d3bd6c0a6b632DefaultParagraphFont-000001">Source: </span><span class="s2f5e19a3e73f410cb54d3bd6c0a6b632SCL">SL 2025, ch 27, § 133.</span></p></div></body></html>