S.D. Admin. R. 20:16:17:23

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:16:17:23 - Election of joint and survivor benefit

To be effective, a joint and survivor option election shall be made by written request filed with the board not less than 12 months prior to the employee's retirement date. If the election is not filed at least 12 months prior to the employee's retirement date, the option may not take effect until after 12 months have elapsed after election, and it shall then be effective for all subsequent months. Any employee reaching retirement before July 1, 1979, shall be granted election options prior to retirement date. Until the option takes effect, the benefit shall be payable in the normal form only, as if the option had not been elected. Benefits to be paid may not be retroactively adjudged if the option is put into effect.

S.D. Admin. R. 20:16:17:23

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.