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Begin with Section 1, Member Information. Fill in your Social Security Number, last name, first name, middle initial, maiden name, daytime telephone number, and address details. Ensure all information is accurate.
If your mailing address differs from your residential address, complete Section 2 with the appropriate details.
In Section 3, provide the name of your prior SDRS employer and the date your employment ended.
Section 4 requires you to select a type of refund benefit. Carefully read each option and check the box that applies to your choice.
If you selected options A or B in Section 4, complete Section 5 by providing the financial institution's details for direct rollover.
For direct deposit authorization in Section 6, indicate whether you wish to use direct deposit and attach a voided check if applicable.
Finally, sign and date Sections 7 and 8 as required. Ensure all signatures are present before submission.
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The South Dakota Retirement System (SDRS) is a cost sharing, multiple employer, public employee retirement system. SDRS provides retirement, disability, and survivor benefits for employees of the state of South Dakota and its political subdivisions.
Is SDRS a pension plan?
The South Dakota Retirement System (SDRS) is a 401(a) defined benefit pension plan that provides retirement, survivor, and disability benefits for South Dakotas public employees.
What is SDRS 457?
The SDRS Supplemental Retirement 457 Plan is a deferred compensation plan available to members of SDRS. The State Investment Officer is responsible for selecting the investment options.
How do I withdraw from SDRS?
SDRS does not have loan or hardship withdrawal provisions. While you are an active, contributing member of SDRS, you cannot make withdrawals or borrow funds from your SDRS account. Your SDRS funds are only available for withdrawal if you terminate employment.
Does DTCC have a pension plan?
The DTCC Retirement Plan (the Retirement Plan) was designed to provide you with a foundation of retirement income.
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