The board shall establish by rule promulgated pursuant to chapter 1-26 the parameters under which a participant, a participant’s surviving spouse, or a participant’s beneficiary may transfer a portion or all of the participant’s account by rollover to a plan which is an eligible plan under the code.

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Terms Used In South Dakota Codified Laws 3-13A-20

  • 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 2004, ch 43, § 19; SDCL § 3-12-183; SL 2005, ch 28, § 1; SL 2009, ch 20, § 5.