S.D. Admin. R. 20:16:19:19

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:16:19:19 - Election of additional survivor protection option

Within 90 days after becoming an employee or marrying or attaining age 35 an employee may elect to provide the employee's spouse with additional survivor protection by making an employee contribution of 8/10 of one percent of earnings. This contribution shall start with the first payroll period following the date of the election. It shall continue until the earlier of the employee's retirement, employee's spouse attaining age 65, the death or disability of the employee, the death of the spouse, termination of employment, termination of the marriage, or March 16, 2001. Any funds contributed for the additional survivor protection shall remain with the system and may not be refunded to the employee.

S.D. Admin. R. 20:16:19:19

28 SDR 109, effective 2/11/2002; 36 SDR 207, effective 7/1/2010; 40 SDR 197, effective 5/27/2014; 45 SDR 142, effective 7/1/2019

General Authority: SDCL 3-12C-1647.

Law Implemented: SDCL 3-12C-1643, 3-12C-1644.