S.D. Admin. R. 62:03:02:05.01
A participating employer or the system may make contributions to a participant's account on behalf of the participant, except during an automatic enrollee's 90-day opt-out period as outlined in § 62:03:07:03. Any employer contributions shall be pursuant to a written agreement as outlined in SDCL 3-13-49.1. The agreement may require contributions by a participant in order to qualify for employer contributions and may establish employer contribution rates that partially or fully match the participant's contributions. The board shall establish any system contributions. The board may require contributions by a participant in order to qualify for system contributions and may establish system contribution rates that partially or fully match the participant's contributions. Any employer contributions or system contributions shall vest immediately with the participant.
S.D. Admin. R. 62:03:02:05.01
General Authority: SDCL 3-13-45.
Law Implemented: SDCL 3-13-56.