This bill amends South Dakota's retirement system statutes by updating the reference to the Internal Revenue Code. Specifically, it changes the definition of "Internal Revenue Code" or "code" in section 3-12C-113 to refer to the United States Internal Revenue Code as of January 1, 2025.

The update ensures that the South Dakota Retirement System aligns with the most current federal tax regulations as they pertain to retirement plans, thereby maintaining compliance and clarity in the state's retirement laws.

Statutes affected:
Introduced, 01/08/2025: 3-12C-113
Enrolled, 02/10/2025: 3-12C-113