Automatic escalation for participating employers--Automatic enrollment units prior to July 1, 2015

SDCL § 3-13-96 — under DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES.

SDCL § 3-13-96

A participating employer who became an automatic enrollment unit prior to July 1, 2015, may elect to add automatic escalation for the participating employer's current and future permanent employees. The decision must be made by the elected official, the appointed official, or the governing body in charge of the unit and is effective after notice of the decision has been delivered in writing to the system. Source: SL 2025, ch 27 , § 123.