S.D. Admin. R. 62:03:07:06

Current through Register Vol. 51, page 67, December 16, 2024
Section 62:03:07:06 - Notices required for automatic enrollment

Within 15 days of the system's receipt of the automatic enrollee's initial deferral, the system shall provide notice to the automatic enrollee of the enrollee's right not to participate in the plan.

Within one year after an automatic enrollee's first compensation deferral and annually thereafter, the system shall provide notice to the automatic enrollee of the enrollee's right to amend his or her deferral amount and the enrollee's right to amend his or her choice of investment alternatives.

S.D. Admin. R. 62:03:07:06

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(8).