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

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 3 > Chapter 13A - South Dakota Special Pay Retirement Program

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Children: includes children by birth and by adoption. See South Dakota Codified Laws 2-14-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Fiduciary: A trustee, executor, or administrator.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Third persons: includes all who are not parties to the obligation or transaction concerning which the phrase is used. See South Dakota Codified Laws 2-14-2
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2