A political subdivision may not maintain a deferred compensation plan as its principal retirement plan unless the deferred compensation plan was established prior to 1974. A deferred compensation plan established pursuant to chapter 3-13 may only be supplemental or secondary to the political subdivision's primary plan. Source: SL 2025, ch 27 , § 85.
Political subdivision--Deferred compensation plan as principal retirement plan limited
SDCL § 3-13-56.9 — under DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES.
SDCL § 3-13-56.9