LegalFix
Sign In

§ 3-12C-1210 Irrevocable benefit election by generational members.

SD Codified L § 3-12C-1210 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

3-12C-1210. Irrevocable benefit election by generational members. If more than one monthly retirement benefit payment has been made to the generational member, the benefit election made by a member is irrevocable and surviving spouse benefits, if elected, may only be paid to the person who is the spouse both at the time of the election and at the time of the member's death and only if the spouse survives the member. The benefit election may not be rescinded in the event of a subsequent divorce or the subsequent death of the spouse.

Source: SL 2016, ch 32, § 10; SDCL § 3-12-509; SL 2019, ch 22, § 1.

Previous Section
§ 3-12C-1209 Monthly benefit options for generational members.
Next Section
§ 3-12C-1211 Effective date of retirement benefit of generational member--Last payment.