Distributions from generational member's variable retirement account

SDCL § 3-12C-1303 — under SOUTH DAKOTA RETIREMENT SYSTEM.

SDCL § 3-12C-1303

The variable retirement account is payable to the generational member when the member commences a retirement benefit or a disability benefit. If a generational member dies before commencing a benefit, the variable retirement account is payable at the death of the member to the member's spouse who meets the requirements for an immediate or deferred surviving spouse benefit under § 3-12C-1214 or