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62:03:07Automatic Enrollment

Chapter · Administrative Rules of South Dakota · View on sdlegislature.gov ↗

Rulemaking activity

SDRS Board of TrusteesEffective

Sections (12)

62:03:07:01Automatic enrollment units -- Automatic escalation -- Decision -- Rescission of unit's status -- Automatic enrollee's status.
62:03:07:01.01Automatic escalation for participating employers that became automatic enrollment units prior to July 1, 2015.
62:03:07:01.02Start of automatic escalation at election of unit -- Notice required.
62:03:07:02Automatic enrollment.
62:03:07:02.01Members employed by participating employers other than the state before automatic enrollment established.
62:03:07:03Amount of initial deferral -- Election to opt out -- Time limit -- Refund -- Future participation.
62:03:07:03.01Automatic escalation -- No escalation in first year of hire.
62:03:07:04Automatic enrollment deemed contract -- Exceptions.
62:03:07:05Qualified default investment alternative -- Secondary alternative -- Liability.
62:03:07:06Notices required for automatic enrollment.
62:03:07:06.01Notice of automatic escalation required -- Election to opt out -- Automatic enrollee status.
62:03:07:07Advance authorization not required -- Exception to other laws.