§ 3-13C-1 Definitions
§ 3-13C-2 Actuarial equivalent–Distribution expected–Determination of amount
§ 3-13C-3 Compensation determined
§ 3-13C-4 Credited past service–Determination
§ 3-13C-5 Credited service–Determination
§ 3-13C-6 Eligible retirement plan–Determination
§ 3-13C-7 Eligible rollover distribution
§ 3-13C-8 Normal retirement date–Determination
§ 3-13C-9 Confidentiality of records–Exceptions
§ 3-13C-10 Class D members vested–Contributions not required–Participation ceases
§ 3-13C-11 Beneficiaries–Records
§ 3-13C-12 Direct rollovers–Election by distributee
§ 3-13C-13 Required minimum distributions–General rule
§ 3-13C-13.1 Required minimum distributions–Member’s death after distributions begun
§ 3-13C-13.2 Required minimum distributions–Member’s death before distributions begun
§ 3-13C-13.3 Required minimum distributions–Incidental benefit rule
§ 3-13C-13.4 Required minimum distributions–Reasonable and made in good faith
§ 3-13C-14 Vested accrued benefit–Distribution–Small amounts payment
§ 3-13C-15 Accrued benefit determined
§ 3-13C-16 Amount of benefit at retirement
§ 3-13C-17 Benefit limitation
§ 3-13C-18 Preretirement death benefits–Payment recipient–Conditions–Determination of amount
§ 3-13C-19 Death benefit after retirement determination–Payment amount determined
§ 3-13C-20 Vested benefits–Distribution amount determined
§ 3-13C-21 Retirement benefits–Optional forms
§ 3-13C-22 Death benefits–Optional forms
§ 3-13C-23 Election of benefits–Requirements
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Terms Used In South Dakota Codified Laws > Title 3 > Chapter 13C - Department of Labor and Regulation Employee Retirement

  • 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
  • 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.
  • Executor: A male person named in a will to carry out the decedent
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Subpoena: A command to a witness to appear and give testimony.
  • 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