S.D. Admin. R. 62:01:09:08

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

Section 62:01:09:08 - Distributions deemed reasonable and made in good faith under federal law

Pursuant to Internal Revenue Service Treasury Regulation 1.401(a)(9)-1, any supplemental pension benefit calculation or payment is deemed to be reasonable and made in good faith under § 401(a)(9) of the Internal Revenue Code.

S.D. Admin. R. 62:01:09:08

37 SDR 214, effective 5/30/2011; 39 SDR 227, effective 7/1/2013; 45 SDR 142, effective 7/1/2019

General Authority: SDCL 3-12C-211.

Law Implemented: SDCL 3-12C-1501, 3-12C-1507, 3-12C-1508.