South Dakota Codified Laws
Title 3 - Public Officers and Employees
Chapter 13A - South Dakota Special Pay Retirement Program

Section 3-13A-1 - Special pay retirement program established. - 3-13A-1. Special pay retirement program established. There is hereby established...

Section 3-13A-2 - Definitions. - 3-13A-2. Definitions. The definitions contained in chapter 3-12 apply to...

Section 3-13A-3 - Special pay fund. - 3-13A-3. Special pay fund. The South Dakota special pay fund...

Section 3-13A-4 - Board controls program as fiduciary--Promulgation of rules. - 3-13A-4. Board controls program as fiduciary--Promulgation of rules. The program...

Section 3-13A-5 - Transfer of special pay to fund upon termination of employment--Contribution limit. - 3-13A-5. Transfer of special pay to fund upon termination of...

Section 3-13A-6 - Time for transfer of compensation to trust. - 3-13A-6. Time for transfer of compensation to trust. For the...

Section 3-13A-7 - Participant account. - 3-13A-7. Participant account. An account shall be established for each...

Section 3-13A-8 - Vesting of participant account--Forfeiture. - 3-13A-8. Vesting of participant account--Forfeiture. A participant's account is fully...

Section 3-13A-9 - Investment of funds. - 3-13A-9. Investment of funds. A plan participant may invest in...

Section 3-13A-10 - Lump-sum distribution to participant. - 3-13A-10. Lump-sum distribution to participant. A participant who elects an...

Section 3-13A-11 - Investment alternatives--Transfer of account balances by participants. - 3-13A-11. Investment alternatives--Transfer of account balances by participants. Each participant...

Section 3-13A-12 - Transfer of funds from terminated investment selection. - 3-13A-12. Transfer of funds from terminated investment selection. If a...

Section 3-13A-13 - Allocation of investment return among participant accounts--Accounting dates. - 3-13A-13. Allocation of investment return among participant accounts--Accounting dates. The...

Section 3-13A-14 - Valuation of investment alternatives. - 3-13A-14. Valuation of investment alternatives. Each offered investment alternative shall...

Section 3-13A-15 - Beneficiaries of participant's account. - 3-13A-15. Beneficiaries of participant's account. A participant may designate a...

Section 3-13A-16 - Payments and benefits under program not assignable or subject to creditors' actions. - 3-13A-16. Payments and benefits under program not assignable or subject...

Section 3-13A-17 - Powers and duties of executive director. - 3-13A-17. Powers and duties of executive director. The executive director...

Section 3-13A-18 - Election by participating units of retirement system to participate in program--Rescission of participation. - 3-13A-18. Election by participating units of retirement system to participate...

Section 3-13A-19 - Trustee-to-trustee transfer of participant's account to government defined-benefit retirement plan. - 3-13A-19. Trustee-to-trustee transfer of participant's account to government defined-benefit retirement...

Section 3-13A-20 - Rollover transfer of participant's account. - 3-13A-20. Rollover transfer of participant's account. The board shall establish...

Section 3-13A-21 - Rollover transfer of participant's account in another plan. - 3-13A-21. Rollover transfer of participant's account in another plan. To...

Section 3-13A-22 - Distribution from participant's account--Forms of distribution--Time for election. - 3-13A-22. Distribution from participant's account--Forms of distribution--Time for election. A...

Section 3-13A-23 - Annuity distributions date. - 3-13A-23. Annuity distributions date. A participant who does not take...

Section 3-13A-23.1 - Required minimum distributions--General rule. - 3-13A-23.1. Required minimum distributions--General rule. The system shall pay all...

Section 3-13A-23.2 - Required minimum distributions--Participant's death after distributions begun. - 3-13A-23.2. Required minimum distributions--Participant's death after distributions begun. If a...

Section 3-13A-23.3 - Required minimum distributions--Participant's death before distributions begun. - 3-13A-23.3. Required minimum distributions--Participant's death before distributions begun. If a...

Section 3-13A-23.4 - Required minimum distributions--Reasonable and made in good faith. - 3-13A-23.4. Required minimum distributions--Reasonable and made in good faith. Notwithstanding...

Section 3-13A-23.5 - Required minimum distributions--Participant's death after December 31, 2021. - 3-13A-23.5. Required minimum distributions--Participant's death after December 31, 2021. Notwithstanding...

Section 3-13A-23.6 - Required minimum distributions--Waiver of 2020. - 3-13A-23.6. Required minimum distributions--Waiver of 2020. Notwithstanding any other provisions...

Section 3-13A-24 - State investment officer to act as fiduciary--Certain persons prohibited from acting as third-party administrator or vendor. - 3-13A-24. State investment officer to act as fiduciary--Certain persons prohibited...

Section 3-13A-25 - Limitation of liability to participants. - 3-13A-25. Limitation of liability to participants. Neither the program nor...