Deferrals may be distributed only if one of the following conditions has occurred:
- (1) Severance from employment with a participating employer;
- (2) Death of the participant;
- (3) An unforeseeable emergency, set forth in §3-13-82;
- (4) Requirements are satisfied for an in-service distribution, as set forth in §3-13-83; or
- (5) A participant is called to perform qualified military service for a period in excess of thirty days.
Source: SL 2025, ch 27 , § 105.