Retirement benefits exempt from process.
be amended to read as follows:
the right to select and designate a total of
dollars and the income and distributions therefrom from the employee's
benefit plans as exempt from execution, attachment, garnishment, seizure, or taking by any legal
process. This exemption is subject to the right of the State of South Dakota and its political
subdivisions to collect any amounts owed to them. This section permits benefits under such plan
or arrangement to be payable to a spouse, former spouse, child, or other dependent of a participant
in such plan to the extent expressly provided for in a qualified domestic relations order as defined
in 29 U.S.C. § 1056(d) or in § 401(a)(13) of the Internal Revenue Code.
Section 2. That § 43-45-17 be amended to read as follows: