South Dakota Special Pay Retirement Program

  1. Law
  2. South Dakota Codified Laws
  3. Public Officers and Employees
  4. South Dakota Special Pay Retirement Program

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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.