3-12C-510. Acquisition of credited service through transfer of funds--Requirements.A contributing member may acquire credited service by utilizing a trustee to trustee transfer of funds, excluding any after tax employee contributions, from a member's individual retirement plan that meets the requirements of sections 403(b) or 457 of the Internal Revenue Code to pay the cost of purchase pursuant to §3-12C-504, 3-12C-509, or 3-12C-511. Source: SL 2002, ch 22, §4; SL 2008, ch 20, §12; SL 2013, ch 20, §8; SDCL §3-12-84.1; SL 2019, ch 22, §§18, 45.
South Dakota Legal Code