Chapter 13A - SOUTH DAKOTA SPECIAL PAY RETIREMENT PROGRAM
- Section 3-13A-1 - Special pay retirement program established
- Section 3-13A-2 - Definitions
- Section 3-13A-3 - Special pay fund
- Section 3-13A-4 - Board controls program as fiduciary-Promulgation of rules
- Section 3-13A-5 - Transfer of special pay to fund upon termination of employment-Contribution limit
- Section 3-13A-6 - Time for transfer of compensation to trust
- Section 3-13A-7 - Participant account
- Section 3-13A-8 - Vesting of participant account-Forfeiture
- Section 3-13A-9 - Investment of funds
- Section 3-13A-10 - Lump-sum distribution to participant
- Section 3-13A-11 - Investment alternatives-Transfer of account balances by participants
- Section 3-13A-12 - Transfer of funds from terminated investment selection
- Section 3-13A-13 - Allocation of investment return among participant accounts-Accounting dates
- Section 3-13A-14 - Valuation of investment alternatives
- Section 3-13A-15 - Beneficiaries of participant's account
- Section 3-13A-16 - Payments and benefits under program not assignable or subject to creditors' actions
- Section 3-13A-17 - Powers and duties of executive director
- Section 3-13A-18 - Election by participating units of retirement system to participate in program-Rescission of participation
- Section 3-13A-19 - Trustee-to-trustee transfer of participant's account to government defined-benefit retirement plan
- Section 3-13A-20 - Rollover transfer of participant's account
- Section 3-13A-21 - Rollover transfer of participant's account in another plan
- Section 3-13A-22 - Distribution from participant's account-Forms of distribution-Time for election
- Section 3-13A-23 - Annuity distributions date
- Section 3-13A-23.1 - Required minimum distributions-General rule
- Section 3-13A-23.2 - Required minimum distributions-Participant's death after distributions begun
- Section 3-13A-23.3 - Required minimum distributions-Participant's death before distributions begun
- Section 3-13A-23.4 - Required minimum distributions-Reasonable and made in good faith
- Section 3-13A-23.5 - Required minimum distributions-Participant's death after December 31, 2021
- Section 3-13A-23.6 - Required minimum distributions-Waiver of 2020
- Section 3-13A-24 - State investment officer to act as fiduciary-Certain persons prohibited from acting as third-party administrator or vendor
- Section 3-13A-25 - Limitation of liability to participants