South Dakota Statutes

§ 3-13-78 — Distribution--Conditions.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES

Deferrals may be distributed only if one of the following conditions has occurred:

(1)Severance from employment with a participating employer;
(2)Death of the participant;
(3)An unforeseeable emergency, set forth in § 3-13-82 ;
(4)Requirements are satisfied for an in-service distribution, as set forth in § 3-13-83 ; or (5) A participant is called to perform qualified military service for a period in excess of thirty days.

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Legislative History

SL 2025, ch 27, § 105.

Nearby Sections

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