South Dakota Statutes
§ 3-10-6 — Purchase of life insurance to guarantee retirement annuities.
South Dakota § 3-10-6
This text of South Dakota § 3-10-6 (Purchase of life insurance to guarantee retirement annuities.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 3-10-6 (2026).
Text
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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Legislative History
SL 1966, ch 168.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 3-10-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/3-10-6.