S.D. Codified Laws § 3-12C-906

Current through the 2024 Legislative Session

Section 3-12C-906 - Family benefits in lieu of other death benefits-Election by designated beneficiary to withdraw accumulated contributions

Family benefits payable under § 3-12C-901 are in lieu of the death benefits payable under any other provision of this chapter except that a designated beneficiary may elect, subject to a deduction for any benefits previously paid, prior to the receipt of the first payment under subdivision 3-12C-901(4), to withdraw the member's accumulated contributions providing there are no children on account of whom benefits are payable under subdivisions 3-12C-901(1) and (2).

SDCL 3-12C-906

SL 1974, ch 35, § 51; SL 1975, ch 39, § 6; SDCL § 3-12-97; SL 2019, ch 22, §1.