S.D. Admin. R. 62:03:07:04

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

Section 62:03:07:04 - Automatic enrollment deemed contract - Exceptions

Automatic enrollment pursuant to § 62:03:07:02 is deemed a contract to participate and to defer the amount specified in § 62:03:07:03 or revised by § 62:03:07:03.01 or the amount specified by the enrollee until the automatic enrollee chooses to withdraw from the plan.

35 SDR 82, effective 10/22/2008; 41 SDR 219, effective 7/1/2015

General Authority: SDCL 3-13-54, 3-13-56.

Law Implemented: SDCL 3-13-56(3), (10).