S.D. Admin. R. 20:16:18:19

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

Section 20:16:18:19 - Election of additional survivor protection option - Beginning and end of additional contribution

Within 90 days after becoming an employee or marrying or attaining age 35, or after June 30, 1999, and before October 1, 1999, an employee may elect to provide the employee's spouse with additional survivor protection by making an employee contribution of 8/10 of one percent of earnings. This contribution shall start with the first payroll period following the date of the election. It shall continue until the earlier of the employee's retirement, employee's spouse attaining age 65, the death or disability of the employee, the death of the spouse, termination of employment, or the termination of the marriage. Any funds contributed for the additional survivor protection shall remain with the system and may not be refunded to the employee.

S.D. Admin. R. 20:16:18:19

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.