South Dakota employees who participate in the state's deferred compensation plan can now withdraw money from their accounts once they turn 59½ years old, without needing to show an emergency or leave their job. This new option allows workers to access their savings while continuing to contribute to the plan.
AI-generated summary
The amendment made minor technical corrections to the introduced version, including fixing a typo ("AThe" to "The") and correcting a citation reference (removing extraneous text "3-13-10 83;or" and replacing it with "3-13-83;"), without changing the bill's substantive purpose of allowing participants age 59½ and older to receive in-service distributions from South Dakota's deferred compensation plan while continuing to make contributions.
Signed by the Governor S.J. 350
Delivered to the Governor S.J. 268
Signed by the Speaker H.J. 324
Signed by the President S.J. 236
House of Representatives Do Pass Passed, YEAS 65, NAYS 0. H.J. 262
Retirement Laws Certified uncontested, placed on consent H.J. 1
Retirement Laws Do Pass Passed, YEAS 4, NAYS 0. H.J. 1
Retirement Laws Scheduled for hearing H.J. 1
House of Representatives Referred to House Retirement Laws H.J. 137
First Reading House H.J. 125
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 83
Retirement Laws Certified uncontested, placed on consent S.J. 1
Retirement Laws Do Pass Passed, YEAS 5, NAYS 0. S.J. 1
Retirement Laws Scheduled for hearing
First read in Senate and referred to Senate Retirement Laws S.J. 14
Do Pass
Retirement Laws — Do Pass
Do Pass
Retirement Laws — Do Pass