This bill aims to update the reference to the Internal Revenue Code within the South Dakota Retirement System statutes. Specifically, it amends section 3-12C-113 to define the "Internal Revenue Code" or "code" as the United States Internal Revenue Code as of January 1, 2025.

The amendment ensures that the South Dakota Retirement System aligns its regulations with the most current version of the Internal Revenue Code, thereby maintaining compliance with federal standards and ensuring the proper administration of retirement benefits in the state.

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