Home/South Dakota/Statutes/Title 3: PUBLIC OFFICERS AND EMPLOYEES/Ch. 3-10: VOLUNTARY SALARY DEDUCTIONS/§ 3-10-6
South Dakota Statutes

§ 3-10-6 — Purchase of life insurance to guarantee retirement annuities.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-10 VOLUNTARY SALARY DEDUCTIONS
The state and its political subdivisions, and the employees thereof, are authorized to purchase individual life insurance contracts to guarantee such retirement annuity and the employer is hereby authorized to withhold payment from the salary of employees to cover the cost of such purchases as provided in Internal Revenue Service regulations which permit the purchase of tax - sheltered annuities and retirement income contracts.

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South Dakota § 3-10-6 (Purchase of life insurance to guarantee retirement annuities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 168.

Nearby Sections

15
§ 3-1-1
Officers to qualify as provided by chapters--Reelected incumbents.
§ 3-1-1.1
Draft registration compliance required for hiring.
§ 3-1-10
Definitions.
§ 3-1-2
Time of commencement of term of office.
§ 3-1-3
Time allowed for qualification after decision of contest or removal of obstruction.
§ 3-1-4
Repealed by SL 1989, ch 30, § 10.
§ 3-1-5
Oath of office for civil officers--Bond.
§ 3-1-6
Repealed by SL 1974, ch 55, § 50.
§ 3-1-7
Omitted.
§ 3-1-8
Acting as officer without qualifying as misdemeanor--Validity of acts of de facto officer.
§ 3-1-9
Falsely pretending to be public officer as misdemeanor.
§ 3-10-1
Savings bond purchase programs authorized by public employers.
§ 3-10-2
Salary deduction authorized by signature of married person or minor.
§ 3-10-3
Accounting for funds deducted from salaries--Trust funds--Wage assignment restrictions not applicable.
§ 3-10-4
Participation in tax
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