Acquisition of credited service through transfer of funds--Requirements.

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  2. South Dakota Codified Laws
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  4. South Dakota Retirement System
  5. Acquisition of credited service through transfer of funds--Requirements.

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3-12C-510. Acquisition of credited service through transfer of funds--Requirements.

A contributing member may acquire credited service by utilizing a trustee to trustee transfer of funds, excluding any after tax employee contributions, from a member's individual retirement plan that meets the requirements of sections 403(b) or 457 of the Internal Revenue Code to pay the cost of purchase pursuant to §3-12C-504, 3-12C-509, or 3-12C-511.

Source: SL 2002, ch 22, §4; SL 2008, ch 20, §12; SL 2013, ch 20, §8; SDCL §3-12-84.1; SL 2019, ch 22, §§18, 45.


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