Training Tidbit: South Dakota Spouse Option Rate Change Reminder
Don’t forget the rate for the Spouse Option for South Dakota Retirement is changing July 1st to be 1.5%.
If your deduction for Spouse Option is set up in a rate table in the Deduction File, complete the following steps to update your records:
- In the Deduction File, bring up the Spouse Option retirement deduction.
- Click the Rate Table button to view the current rate table.
- The new rate can either be entered now by entering the new rate on the right-hand side of the Rate Table and specifying July 1 as the Change Date, or after completing your last payroll for June by editing the current rates on the left-hand side of the Rate Table.
- Click the Save button to save your changes.