Bill > SB53

This bill aims to standardize how members of the South Dakota Retirement System (SDRS) are identified and how their marital status affects benefit applications. Specifically, it amends two existing sections of law concerning member withdrawals and retirement benefits. For members withdrawing their accumulated contributions, the bill clarifies that if the member is married, their spouse must sign the withdrawal application form, which is approved by the SDRS. Similarly, when a member applies for retirement benefits, the bill requires the spouse's signature on the application form if the member is married, unless the member can certify under penalty of perjury that they are unable to obtain the spouse's signature because they don't know their whereabouts despite a good faith effort to locate them, or due to exceptional circumstances. In such cases where a spouse's signature cannot be obtained, the member must elect a specific joint and survivor benefit option and provide supporting documentation. The overall goal is to ensure consistency in these identification and consent processes for SDRS members.

Labor and Employment

Retirement Laws (Senate)

https://sdlegislature.gov/#/Session/Bill/26852