South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 3-13-56.5: Maximum deferral.

Where this section sits in the code

TITLE 3. PUBLIC OFFICERS AND EMPLOYEES
CHAPTER 3-13. DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES

Except as provided for in §§ 3-13-65 and 3-13-66, a participant may not defer more in any plan year than the lesser of:

(1) The applicable dollar amount associated with a particular year pursuant to § 457(e)(15)(A) of the Internal Revenue Code, as indexed after 2006 pursuant to § 457(e)(15)(B) of the Internal Revenue Code; or

(2) One hundred percent of the participant's includible compensation.

Collected 2026-09-03T15:18:56Z. Source file · JSON

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