Statutes, codes, and regulations
South Dakota Administrative Rules
Title 62 - South Dakota Retirement SystemArticle 62:03 - Deferred Compensation Plan
Chapter 62:03:05 - Distributions
Section 62:03:05:03 - Severance from employment

S.D. Admin. R. 62:03:05:03

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Current through Register Vol. 51, page 62, December 2, 2024
Section 62:03:05:03 - Severance from employment

If a participant returns to employment or enters into a contract with a participating employer within 30 days after a severance from employment, no severance from employment occurs for the purposes of the plan. If a participant provided contractual services to a participating employer, severance from employment occurs at the expiration of all contracts with a participating employer without expectation of any future employment or contractual relationship with any participating employer.

S.D. Admin. R. 62:03:05:03

14 SDR 57, effective 10/18/1987; 15 SDR 100, effective 1/8/1989; 28 SDR 111, effective 2/14/2002.

General Authority: SDCL 3-13-49, 3-13-54.

Law Implemented: SDCL 3-13-54.