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Code · South Dakota · Title 3 · Chapter 3-12

3-12C-510. Acquisition of credited service through transfer of funds--Requirements.

58 words·~1 min read·/sd/title-3/chapter-3-12/3-12c-510

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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 .
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