§ 3-13A-6 — Time for transfer of compensation to trust.

South Dakota § 3-13A-6

• Jurisdiction: South Dakota
• Title 3: PUBLIC OFFICERS AND EMPLOYEES
• Ch. 3-12B: SOUTH DAKOTA SPECIAL PAY RETIREMENT PROGRAM

Text

For the proper administration of the accounts of participants, all amounts of compensation subject to this chapter shall be transferred to the trust not later than fifteen business days after the end of the month in which the compensation otherwise would have been paid to the participant.

Legislative History

SL 2004, ch 43, § 6; SDCL § 3-12-170; SL 2005, ch 28, § 1; SL 2008, ch 20, § 19.