South Dakota § 3-12C-1903 Member's death before required distributions begun.

South Dakota Statutes

§ 3-12C-1903 — Member's death before required distributions begun.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA RETIREMENT SYSTEM

If a member dies before required distribution of the member's benefits has begun, the member's interest shall be distributed as follows:

(1)If the member has a surviving spouse, the surviving spouse shall receive benefits over the life of the surviving spouse beginning as soon as administratively possible and effective the month after the member's death; or (2) If the member has no surviving spouse, the member's remaining interest shall be distributed in a lump sum payment to the designated beneficiary within five years from the date of the member's death.

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If a member dies before required distribution of the member's benefits has begun, the member's interest shall be distributed as follows: (1) If the member has a surviving spouse, the surviving spouse shall receive benefits over the life of the surviving spouse beginning as soon as administratively possible and effective the month after the member's death; or (2) If the member has no surviving spouse, the member's remaining interest shall be distributed in a lump sum payment to the designated beneficiary within five years from the date of the member's death.

South Dakota § 3-12C-1903 (Member's death before required distributions begun.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.