S.D. Admin. R. 62:03:03:03.01

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

Section 62:03:03:03.01 - Alternative catch up

Effective for any year that a participant is age 50 years or older, the participant may make an additional elective deferral equal to the applicable dollar amount associated with a particular year pursuant to § 414(v)(2)(B) of the code, as indexed after December 31, 2006, pursuant to § 414(v)(2)(C) of the code, in addition to the participant's maximum deferral under § 62:03:03:02.

S.D. Admin. R. 62:03:03:03.01

28 SDR 111, effective 2/14/2002.

General Authority: SDCL 3-13-54.

Law Implemented: SDCL 3-13-54.