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S.D. Codified Laws § 3-13-83.1

Immediate distribution--In-service distribution--Age requirement--Effect

Source: SL 2026, ch 27, § 2.

Effective July 1, 2026

3-13-83.1. Immediate distribution--In-service distribution--Age requirement--Effect.

Notwithstanding § 3-13-83, a participant who is at least fifty-nine and one-half years old may elect to receive an in-service distribution from the plan in any form permitted under § 3-13-80. The receipt of an in-service distribution pursuant to this section does not preclude the participant from continuing to make deferrals of compensation into the plan.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.