All Roll Calls
Yes: 108 • No: 0
South DakotaSB 65101st South Dakota Legislature (2026)SenateWALLET
revise certain required minimum distribution provisions of the South Dakota Retirement System.
Sponsored By: Sponsor information unavailable
Signed by Governor
Executive/Judiciary RequestPublic Officers and EmployeesRetirement System
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Older retirement inheritances keep separate payout rules
The law preserves separate South Dakota Retirement System rules for members who died on or before December 31, 2021. These rules apply when required payments had not begun before death. A surviving spouse receives lifetime payments, starting as soon as the plan can arrange them, effective the month after death. Without a surviving spouse, the named beneficiary must receive the remaining benefit in one payment within five years after death.
Retirement heirs face deadlines and exceptions
For South Dakota Retirement System members who died after December 31, 2021, most named beneficiaries face a 10-year payout deadline. The whole account must be paid by December 31 of the year containing the death's 10th anniversary. Special options cover spouses, the member's children below adulthood, qualifying disabled or chronically ill people, and people no more than 10 years younger. Chronic illness must meet federal definitions, with the qualifying inability certified as indefinite and expected to last a long time. These eligible beneficiaries can choose the 10-year deadline or payments over their life or a period no longer than life expectancy. Without a choice, life or life-expectancy payments apply. A spouse using that option can delay payments until the later of two dates: December 31 of the year after death, or December 31 of the year the member would have reached the plan's applicable age. The spouse receives the special federal spouse treatment unless they choose otherwise. An eligible beneficiary's death triggers a 10-year deadline; death before payments begin starts that countdown from the beneficiary's death. A child loses special status at adulthood, triggering a 10-year deadline for the remaining balance. If that child dies before payments begin, the deadline uses the later of the 10th anniversaries of adulthood or death. Without a named beneficiary, an account not yet paying out must be paid by December 31 of the fifth-anniversary year. If payments had begun, they must continue at least as quickly as before death. These rules follow the cited federal SECURE Act laws and guidance.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/9/2026
Do Pass
Yes: 65 • No: 0
House vote • 2/5/2026
Do Pass
Yes: 4 • No: 0
Senate vote • 1/22/2026
Do Pass
Yes: 34 • No: 0
Senate vote • 1/20/2026
Do Pass
Yes: 5 • No: 0
Actions Timeline
Signed by the Governor
2/17/2026SenateDelivered to the Governor
2/12/2026SenateSigned by the Speaker
2/11/2026HouseSigned by the President
2/10/2026SenateDo Pass
2/9/2026HouseCertified uncontested, placed on consent
2/5/2026HouseDo Pass
2/5/2026HouseScheduled for hearing
2/5/2026HouseReferred to
1/26/2026HouseFirst Reading House
1/23/2026HouseDo Pass
1/22/2026SenateCertified uncontested, placed on consent
1/20/2026SenateDo Pass
1/20/2026SenateScheduled for hearing
1/20/2026SenateFirst read in Senate and referred to
1/13/2026Senate
Bill Text
Introduced
1/7/2026
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