Section 3-12-195 - Contract purchases and benefit payments deemed qualified plan distributed annuitycontracts. - South Dakota Statutes

3-12-195. Contract purchases and benefit payments deemed qualified plan distributed annuity contracts. Supplemental pension contract purchases and supplemental pension benefit payments administered pursuant to the provisions of §§ 3-12-189 to 3-12-198, inclusive, are considered to be qualified plan distributed annuity contracts under Internal Revenue Service Treasury Regulation 1.402(c)-2, as amended through January 1, 2008.

Source: SL 2008, ch 24, § 8.