revise the conditions for in-service distributions from the South Dakota deferred compensation plan.

SB 54 allows South Dakota state employees aged 59.5 or older to withdraw money from their deferred compensation plan while still employed, without stopping future contributions. This new option, added to existing conditions like retirement, death, or emergencies, lets participants choose any permitted withdrawal method. It directly affects state workers enrolled in the deferred compensation plan who meet the age requirement. The bill does not change other distribution rules or eligibility for emergency withdrawals.