What is the SDRS Supplemental Retirement Plan
The Supplemental Retirement Plan (SRP) is a tax deferred savings plan offered by the South Dakota Retirement System (SDRS). Participation in the Plan allows you to invest for your retirement while postponing the payment of income tax on your investments until you withdraw your funds when you separate from service, or at retirement, when you may be in a lower tax bracket.
All public employers who participate in the SDRS may offer the SRP to their employees. This benefit is available to all employees of state and local government, higher education, and school districts covered under the SDRS.
Enrolling in the plan
To make starting to invest for retirement easier, the South Dakota Retirement System (SDRS) offers automatic enrollment for all permanent, full-time employees hired on or after July 1, 2009.
If you’re not automatically enrolled in the plan, and would like to get started:
Talk with a Retirement Specialist if you need additional help filling out the form, or selecting investment options.
Get the help you need
If you weren’t automatically enrolled and want to get started, contact a Retirement Specialist today.
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