9-16-5.5. Administrator--Qualifications--Employees--Bond.
The Board of Trustees may appoint an administrator, who shall be qualified by training and experience requirements set by the board. The administrator may hire additional employees as may be required to transact the business of the retirement system. The board shall require bonding of the administrator in an amount set by the board, which may be included under any municipal employees' blanket bond. The bond premium may be paid by the system.
Source: SL 1984, ch 56, ยง10.
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.