South Dakota Codified Laws > Title 3 > Chapter 13 – Deferred Compensation Plan for Public Employees


§ 3-13-49	State deferred compensation plan–Agreements in writing–Administrative charge–Amounts deferred remitted to state deferred compensation fund
§ 3-13-49.1	Political subdivisions
§ 3-13-50	Administration of plan–Hiring and remuneration of additional employees
§ 3-13-51.1	Investment of funds–Investment officer as fiduciary
§ 3-13-51.2	Executive director and investment officer to execute necessary agreements
§ 3-13-51.3	Default designation of new investment selection upon termination of participant’s contract
§ 3-13-52	Limitation of liability to participants
§ 3-13-53	Deferred compensation fund
§ 3-13-54	Promulgation of rules–Limitation on availability of accumulated deferred compensation to participant–Exception
§ 3-13-55	Definition of terms
§ 3-13-56	Automatic enrollment feature
§ 3-13-57	Designated Roth contribution program
§ 3-13-58	Required minimum distributions–General rule
§ 3-13-59	Required minimum distributions–Participant’s death after distributions begun
§ 3-13-60	Required minimum distributions–Participant’s death before distributions begun
§ 3-13-61	Required minimum distributions–Reasonable and made in good faith
§ 3-13-62	Required minimum distributions–Participant’s death after December 31, 2021
§ 3-13-63	Required minimum distributions–Waiver of 2020

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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.
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}
Contract: A legal written agreement that becomes binding when signed.
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.
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