South Dakota Retirement System participants who die after December 31, 2021, will have their remaining benefits distributed to designated beneficiaries under rules that comply with the federal SECURE Act, rather than the old state rules. The bill updates the language in state law to clarify when these new distribution rules apply and aligns South Dakota's retirement system with federal requirements for handling inherited retirement accounts.
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Signed by the Governor S.J. 266
Delivered to the Governor S.J. 259
Signed by the Speaker H.J. 300
Signed by the President S.J. 238
House of Representatives Do Pass Passed, YEAS 65, NAYS 0. H.J. 262
Retirement Laws Certified uncontested, placed on consent H.J. 1
Retirement Laws Do Pass Passed, YEAS 4, NAYS 0. H.J. 1
Retirement Laws Scheduled for hearing H.J. 1
House of Representatives Referred to House Retirement Laws H.J. 137
First Reading House H.J. 125
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 83
Retirement Laws Certified uncontested, placed on consent S.J. 1
Retirement Laws Do Pass Passed, YEAS 5, NAYS 0. S.J. 1
Retirement Laws Scheduled for hearing
First read in Senate and referred to Senate Retirement Laws S.J. 14
Retirement Laws
Prime sponsor · Sen
Do Pass
Do Pass
Do Pass
Do Pass
Do Pass