Statutes, codes, and regulations
South Dakota Codified Laws
Title 3 - PUBLIC OFFICERS AND EMPLOYEES
Chapter 13 - DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES
Section 3-13-51.3 - Default designation of new investment selection upon termination of participant's contract

S.D. Codified Laws § 3-13-51.3

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Current through the 2024 Legislative Session
Section 3-13-51.3 - Default designation of new investment selection upon termination of participant's contract

If a contract with a vendor terminates and a participant fails to notify the third-party administrator of the participant's new investment selection before the contract terminates, the third-party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.

SDCL 3-13-51.3

SL 2000, ch 27, §5.