Immediate distribution--In-service distribution--Age requirement--Effect

SDCL § 3-13-83.1, under DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES.

SDCL § 3-13-83.1

Notwithstanding § 3-13-83 , a participant who is at least fifty-nine and one-half years old may elect to receive an in-service distribution from the plan in any form permitted under § 3-13-80 . The receipt of an in-service distribution pursuant to this section does not preclude the participant from continuing to make deferrals of compensation into the plan. Source: SL 2026, ch 27 , § 2.