S.D. Admin. R. 62:03:05:01

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

Section 62:03:05:01 - Conditions for distribution

Deferrals may only be distributed if one of the following conditions has occurred;

(1) Severance from employment with a participating employer;

(2) Death of the participant;

(3) An unforeseeable emergency as set out in § 62:03:05:06;

(4) Requirements are satisfied for an in-service distribution as set out in § 62:03:05:07; or

(5) A participant is called to perform qualified military service for a period in excess of 30 days.

S.D. Admin. R. 62:03:05:01

14 SDR 57, effective 10/18/1987; 15 SDR 100, effective 1/8/1989; 28 SDR 111, effective 2/14/2002; 33 SDR 212, effective 6/4/2007; 41 SDR 219, effective 7/1/2015

General Authority: SDCL 3-13-49, 3-13-54.

Law Implemented: SDCL 3-13-54.