S.D. Codified Laws § 3-13C-13.2

Current through the 2024 Legislative Session

Section 3-13C-13.2 - Required minimum distributions-Member's death before distributions begun

If a member dies before required distribution of the member's benefits has begun, the member's interest shall be distributed as follows:

(1) If the member has a surviving spouse, the surviving spouse shall receive benefits over the life of the surviving spouse beginning as soon as administratively possible and effective the month after the member's death; or

(2) If the member has no surviving spouse, the member's remaining interest shall be distributed in a lump sum payment to the designated beneficiary within five years from the date of the member's death.

SDCL 3-13C-13.2

SL 2021, ch 28, §22.

Added by S.L. 2021, ch. 28,s. 22, eff. 7/1/2021.