2015 South Dakota Codified Laws
Title 3 - PUBLIC OFFICERS AND EMPLOYEES
Chapter 12 - South Dakota Retirement System
§ 3-12-97 Family benefits in lieu of other death benefits--Election by designated beneficiary to withdraw accumulated contributions.
3-12-97. Family benefits in lieu of other death benefits--Election by designated beneficiary to withdraw accumulated contributions.
Family benefits payable under § 3-12-95 are in lieu of the death benefits payable under any other provision of this chapter except that a designated beneficiary may elect, subject to a deduction for any benefits previously paid, prior to the receipt of the first payment under subdivision 3-12-95 (4), to withdraw the member's accumulated contributions providing there are no children on account of whom benefits are payable under subdivisions 3-12-95(1) and (2).
Source: SL 1974, ch 35, § 51; SL 1975, ch 39, § 6.
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