South Dakota Statutes
§ 3-12C-1904 — Incidental benefit rule.
South Dakota § 3-12C-1904
This text of South Dakota § 3-12C-1904 (Incidental benefit rule.) 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 § 3-12C-1904 (2026).
Text
The death and disability benefits provided by the system are limited by the incidental benefit rule set forth in § 401(a)(9)(G) of the Internal Revenue Code and Treasury Regulation § 1.401-1(b)(1)(i). As a result, the total death or disability benefits payable may not exceed twenty-five percent of the cost for all of the member's benefits received from the system.
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Legislative History
SL 2021, ch 28, § 5.
Nearby Sections
15
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Bluebook (online)
South Dakota § 3-12C-1904, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/3-12C-1904.