9-16-3.1. Board of Trustees.
The Board of Trustees required under the provisions of §9-16-3 shall be composed as follows:
(1)Members of the governing body of the municipality or other individuals appointed by the governing body to represent it, the number to be set by ordinance;
(2)Members of the retirement and pension system selected by the membership, the number to equal the number of governing body representatives pursuant to subdivision (1) of this section; and
(3)One resident of the municipality who is not an official or employee of the municipality and whose membership on the Board of Trustees creates no conflict of interest. The member shall be nominated and approved by an affirmative majority vote of the trustees selected pursuant to subdivisions (1) and (2) of this section.
Source: SL 1984, ch 56, §2.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 16 - City Retirement Systems And Pensions
Section 9-16-2 - Conversion of pension law to retirement system without voters' authorization.
Section 9-16-3 - Ordinance establishing retirement system--Provisions to be included.
Section 9-16-3.1 - Board of Trustees.
Section 9-16-3.2 - Change of employee contributions or benefits--Requirements.
Section 9-16-3.3 - Pension allowed firefighters for impairment caused by cancer.
Section 9-16-4 - Inclusion of firemen in retirement system.
Section 9-16-4.2 - Deferred compensation program for volunteer advanced life support personnel.
Section 9-16-5.1 - Contributions to system--Amount required.
Section 9-16-5.2 - Change of benefits--Restrictions.
Section 9-16-5.3 - Annual report--Contents--Publication--Filing.
Section 9-16-5.4 - Audit of financial statements.
Section 9-16-5.5 - Administrator--Qualifications--Employees--Bond.
Section 9-16-5.6 - Summary system description--Availability--Contents.
Section 9-16-5.7 - Description furnished to member--Charge.
Section 9-16-5.8 - Information furnished to members annually.
Section 9-16-5.9 - Records of employer.
Section 9-16-5.10 - Fiduciary of system--Duties--Definition.
Section 9-16-5.11 - Time for compliance--Remedy for noncompliance.
Section 9-16-9 - Gifts, devises, and bequests for fund.
Section 9-16-10 - Investment of moneys of retirement system.
Section 9-16-11 - Previously granted pensions as obligation of retirement system.
Section 9-16-20 - First and second class municipalities authorized to pension firemen.
Section 9-16-23 - Sources of municipal pension fund.
Section 9-16-25 - Firemen's contributions to pension fund--Deduction from salary.
Section 9-16-26 - Refund of members' contributions on termination of employment prior to retirement.
Section 9-16-27 - Retirement board to administer pension fund--Rules for operation of fund.
Section 9-16-28 - City treasurer as custodian of fund--Liability of surety on bond.
Section 9-16-45 - Circulatory or respiratory disease presumed occupational in firemen.
Section 9-16-46.1 - Postretirement redetermination of pensions--Restrictions.
Section 9-16-47 - Benefits and contributions exempt from assignment and process.
Section 9-16-48 - Validation of pensions and benefits previously paid.