South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:16 - CEMENT PLANT EMPLOYEE RETIREMENT PLANS
Chapter 20:16:18 - Retirement plan 5A
Section 20:16:18:33 - Nonalienation of benefits

Universal Citation: SD Admin Rules 20:16:18:33
Current through Register Vol. 50, page 114, March 25, 2024

No benefit payable at any time under the plan may be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment, or encumbrance of any kind. An attempt to encumber a benefit in any way is void. A benefit is not subject in any manner to the debts or liabilities of a person to whom the benefit is payable. However, the board may make distributions pursuant to a qualified domestic relations order as defined in Internal Revenue Code § 414(p), if the board has notified the employee and any alternate payee of the order and has determined that the order is a qualified domestic relations order.

General Authority: SDCL 3-12C-1647.

Law Implemented: SDCL 3-12C-1643, 3-12C-1644.

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