Deferrals may be distributed only if one of the following conditions has occurred:

1. (1) Severance from employment with a participating employer;
2. (2) Death of the participant;
3. (3) An unforeseeable emergency, set forth in § 3-13-82;
4. (4) Requirements are satisfied for an in-service distribution, as set forth in § 3-13-83;
5. (5) The participant is called to perform qualified military service for a period in excess of thirty days; or
6. (6) The participant elects to receive an in-service distribution pursuant to § 3-13-83.1.

Source: SL 2025, ch 27 , § 105; SL 2026, ch 27 , § 1.