The bill amends sections of the South Dakota Retirement System to ensure uniformity in member identification provisions. Specifically, it modifies section 3-12C-602 to clarify that a member who has left covered employment may withdraw their accumulated contributions upon application, with the requirement that if the member is married, their spouse must sign the application form. Additionally, it states that withdrawing contributions results in the forfeiture of all credited service and benefits, and the right to withdraw ceases if the member returns to covered employment.
Furthermore, the bill amends section 3-12C-1208 to stipulate that no retirement benefit can be paid unless a completed application is submitted, which also requires the spouse's signature if the member is married. However, it introduces a provision allowing members to certify, under penalty of perjury, that they are unable to obtain their spouse's signature due to either not knowing the spouse's whereabouts or exceptional circumstances. In such cases, the member must elect a sixty percent joint and survivor benefit and provide supporting documentation for their claim.
Statutes affected: Introduced, 01/06/2026: 3-12C-602, 3-12C-1208
Enrolled, 02/10/2026: 3-12C-602, 3-12C-1208