This bill amends the South Dakota 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 amendment ensures that the South Dakota Retirement System aligns with the most current federal tax regulations, which is essential for maintaining compliance and ensuring the proper administration of retirement benefits within the state.

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