Contract purchases and benefit payments deemed qualified plan distributed annuity contracts

Supplemental pension contract purchases and supplemental pension benefit payments administered pursuant to the provisions of §§ 3-12C-1501 to 3-12C-1510 , inclusive, are considered to be qualified plan distributed annuity contracts under Internal Revenue Service Treasury Regulation 1.402(c)-2. Source: SL 2008, ch 24 , § 8; SL 2016, ch 31 , § 33; SDCL § 3-12-195 ; SL 2019, ch 22 , § 1.