Statutes, codes, and regulations
South Dakota Codified Laws
Title 3 - PUBLIC OFFICERS AND EMPLOYEES
Chapter 13A - SOUTH DAKOTA SPECIAL PAY RETIREMENT PROGRAM
Section 3-13A-12 - Transfer of funds from terminated investment selection

S.D. Codified Laws § 3-13A-12

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Current through the 2024 Legislative Session
Section 3-13A-12 - Transfer of funds from terminated investment selection

If a contract between the state investment officer and a vendor is terminated and a participant fails to notify the executive director or third-party administrator of the participant's new investment selection before the contract terminates, the executive director or third-party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.

SDCL 3-13A-12

SL 2004, ch 43, §11; SDCL § 3-12-175; SL 2005, ch 28, §1; SL 2016, ch 31, §58.