Statutes, codes, and regulations
South Dakota Administrative Rules
Title 62 - South Dakota Retirement SystemArticle 62:03 - Deferred Compensation Plan
Chapter 62:03:02 - Participation in plan
Section 62:03:02:09 - Participation restrictions on or after an unforeseeable emergency distribution

S.D. Admin. R. 62:03:02:09

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Current through Register Vol. 51, page 54, October 28, 2024
Section 62:03:02:09 - Participation restrictions on or after an unforeseeable emergency distribution

If a participant receives approval of an unforeseeable emergency distribution pursuant to § 62:03:05:06, the participant shall cease deferrals to the plan before the distribution may be completed. The participant may not resume deferrals to the plan for six months after the distribution.

S.D. Admin. R. 62:03:02:09

36 SDR 21, effective 8/17/2009.

General Authority: SDCL 3-13-54.

Law Implemented: SDCL 3-13-54.