South Dakota 2026 Regular Session Status: Enacted

SB 54 — revise the conditions for in-service distributions from the South Dakota deferred compensation plan.

Last action — Signed by the Governor on 2026-02-23 S.J. 350

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 13, 2026. Enacted.

Signed by Governor Larry Rhoden (Republican) on February 23, 2026.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

50 added · 25 removed

Plain-language change summary

The updated bill SB 54 now allows participants in the South Dakota deferred compensation plan who are at least 59.5 years old to choose to receive in-service distributions from their plan without stopping their contributions. Previously, participants had more restrictions on when they could access their funds. This change is significant because it gives older workers more flexibility and access to their retirement savings while still being able to save for the future.

→
Previous
Latest
26.554.9 101st Legislative Session 54 South Dakota Legislature Senate Bill 54 Introduced by:
26.554.10 101st Legislative Session 54 South Dakota Legislature Senate Bill 54 ENROLLED A N ACT ENTITLED An Act to revise the conditions for in-service distributions from the South Dakota deferred compensation plan.
The Chair of the Committee on Retirement Laws at the request of the South Dakota Retirement System An Act to revise the conditions for in-service distributions from the South Dakota deferred compensation plan.
B E IT ENACTED BY THE L EGISLATURE OF THE S TATE OF S OUTH D AKOTA :
B E IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH D AKOTA :
(4) Requirements are satisfied for an in-service distribution, as set forth in § 3-13- 83;or (5) AThe participant is called to perform qualified military service for a period in excess of thirty days;
(4) Requirements are satisfied for an in-service distribution, as set forth in § 3-13-83;
(5) The participant is called to perform qualified military service for a period in excess of thirty days;
Overstrikes indicate deleted language.
26.554.10 2 54 An Act to revise the conditions for in-service distributions from the South Dakota deferred compensation plan.
Received at this Executive Office I certify that the attached Act originated in this _____ day of _____________, the:
at ____________M.
Senate as Bill No.
54 By Secretary of the Senate for the Governor The attached Act is hereby approved this ________ day of President of the Senate ______________, A.D., 2026 Attest:
Governor Secretary of the Senate STATE OF SOUTH DAKOTA, ss.
Office of the Secretary of State Speaker of the House Filed ____________, 2026 Attest:
at _________ o'clock __M.
Chief Clerk of the House Secretary of State Senate Bill No.
54 By File No.
____ Asst.
Secretary of State Chapter No.
______ SB54 ENROLLED
⬇ Download PDF
View plain text versions (2)
  • Enrolled View text Current pdf February 10, 2026
  • Introduced View text pdf January 06, 2026

Action History

  1. Signed by the Governor on 2026-02-23 S.J. 350

  2. Delivered to the Governor on 2026-02-17 S.J. 268

  3. Signed by the Speaker H.J. 324

  4. Signed by the President S.J. 236

  5. House of Representatives Do Pass , Passed, YEAS 65, NAYS 0 H.J. 262

  6. Certified uncontested, placed on consent , Passed, H.J. 1

  7. Retirement Laws Do Pass , Passed, YEAS 4, NAYS 0 H.J. 1

  8. Scheduled for hearing H.J. 1

  9. Referred to House Retirement Laws H.J. 137

  10. First Reading House H.J. 125

  11. Senate Do Pass , Passed, YEAS 34, NAYS 0 S.J. 83

  12. Certified uncontested, placed on consent , Passed, S.J. 1

  13. Retirement Laws Do Pass , Passed, YEAS 5, NAYS 0 S.J. 1

  14. Scheduled for hearing

  15. First read in Senate and referred to Senate Retirement Laws S.J. 14

Sponsors

  • Retirement Laws · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 104 not signed on

Sponsors (1)

  • Retirement Laws

Co-sponsors (0)

None.

Not signed on (104)

104 members have not signed on to this bill.

Show all 104 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 54?
SB 54 is sponsored by Retirement Laws.
What is the current status of SB 54?
This bill has been enacted into law. Introduced January 13, 2026. Enacted.
Where can I track SB 54?
Track SB 54 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 54

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 54

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →