South Dakota Codified Laws 3-12C-1817. Reservation of power to change
Current as of: 2023 | Check for updates
|
Other versions
The Legislature reserves the right at any time and, from time to time, to modify or amend, in whole or in part, any or all of the provisions of the qualified benefit preservation arrangement. No member of the system and no beneficiary of a member acquires any vested right to a payment under the qualified benefit preservation arrangement.
Terms Used In South Dakota Codified Laws 3-12C-1817
- 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
Source: SL 2020, ch 14, § 17.