South Dakota Codified Laws
Title 3 - Public Officers and Employees
Chapter 12C - South Dakota Retirement System

Section 3-12C-109 - Minimum actuarial requirement to support benefits defined. - 3-12C-109. Minimum actuarial requirement to support benefits defined. For the...

Section 3-12C-110 - Spouse defined. - 3-12C-110. Spouse defined. The term, spouse, means a person who...

Section 3-12C-111 - Terminated defined. - 3-12C-111. Terminated defined. The term, terminated, means complete severance of...

Section 3-12C-112 - Vested defined. - 3-12C-112. Vested defined. The term, vested, means the right to...

Section 3-12C-201 - Citation of chapter. - 3-12C-201. Citation of chapter. This chapter shall be cited as...

Section 3-12C-202 - System managed by board--Standard of conduct--Legal advice. - 3-12C-202. System managed by board--Standard of conduct--Legal advice. The system...

Section 3-12C-203 - Board of Trustees created--Composition. - 3-12C-203. Board of Trustees created--Composition. There is created a governing...

Section 3-12C-204 - Election of trustees--Terms of office. - 3-12C-204. Election of trustees--Terms of office. Each group of retirement...

Section 3-12C-205 - Resignation of trustee due to loss of qualifying status--Filling of vacancy. - 3-12C-205. Resignation of trustee due to loss of qualifying status--Filling...

Section 3-12C-206 - Trustees--Oath of office. - 3-12C-206. Trustees--Oath of office. Each trustee, after being appointed or...

Section 3-12C-207 - Compensation and expenses of trustees. - 3-12C-207. Compensation and expenses of trustees. The trustees shall receive...

Section 3-12C-208 - Meetings of board--Chair and vice chair--Votes required for decision. - 3-12C-208. Meetings of board--Chair and vice chair--Votes required for decision....

Section 3-12C-209 - Appointment of executive director--Compensation--Employment of personnel--Bond. - 3-12C-209. Appointment of executive director--Compensation--Employment of personnel--Bond. The board shall...

Section 3-12C-210 - Expense fund continued--Transfer from retirement system fund--Report of budget--Appropriation and disbursement for expenses. - 3-12C-210. Expense fund continued--Transfer from retirement system fund--Report of budget--Appropriation...

Section 3-12C-211 - Rules for administration. - 3-12C-211. Rules for administration. The Board of Trustees may promulgate...

Section 3-12C-212 - Applications for membership or benefits--Picture identification required. - 3-12C-212. Applications for membership or benefits--Picture identification required. Applications for...

Section 3-12C-213 - Grievance procedure--Administrative and judicial review. - 3-12C-213. Grievance procedure--Administrative and judicial review. Any person aggrieved by...

Section 3-12C-214 - Correction of records--Adjustment for underpayment or overpayment--Limitation. - 3-12C-214. Correction of records--Adjustment for underpayment or overpayment--Limitation. If any...

Section 3-12C-215 - Confidentiality of records--Exceptions. - 3-12C-215. Confidentiality of records--Exceptions. Any information contained in any record...

Section 3-12C-216 - Exemption of contributions and benefits from taxation and process. - 3-12C-216. Exemption of contributions and benefits from taxation and process....

Section 3-12C-217 - Domestic relations orders--Determination as to whether qualified--Restrictions on provisions. - 3-12C-217. Domestic relations orders--Determination as to whether qualified--Restrictions on provisions....

Section 3-12C-218 - Business name of system--Treasurer. - 3-12C-218. Business name of system--Treasurer. The Board of Trustees shall...

Section 3-12C-219 - Use of fund restricted. - 3-12C-219. Use of fund restricted. No part of the fund...

Section 3-12C-220 - Diversion of funds prohibited--Legislative policy. - 3-12C-220. Diversion of funds prohibited--Legislative policy. In order to ensure...

Section 3-12C-221 - Rights of members on termination of system or discontinuance of contributions. - 3-12C-221. Rights of members on termination of system or discontinuance...

Section 3-12C-222 - Application of forfeitures. - 3-12C-222. Application of forfeitures. Forfeitures arising because of termination of...

Section 3-12C-223 - Investment of assets by investment council--Pooling of funds--Standards for investment--Compliance with federal divestiture enactments. - 3-12C-223 . Investment of assets by investment council--Pooling of funds--Standards...

Section 3-12C-224 - Quadrennial independent report on investment performance. - 3-12C-224. Quadrennial independent report on investment performance. The board shall...

Section 3-12C-225 - Review of investment policy when return lower than average--Report to Governor and Legislature. - 3-12C-225. Review of investment policy when return lower than average--Report...

Section 3-12C-226 - Annual actuarial valuation of system--Scope of valuation. - 3-12C-226. Annual actuarial valuation of system--Scope of valuation. To determine...

Section 3-12C-227 - Actuarial assumptions on which valuation based--Report of change. - 3-12C-227. Actuarial assumptions on which valuation based--Report of change. The...

Section 3-12C-228 - Funding of system--Review--Report--Corrective action. - 3-12C-228. Funding of system--Review--Report--Corrective action. The board shall review the...

Section 3-12C-229 - Annual report of funded status of system. - 3-12C-229. Annual report of funded status of system. At the...

Section 3-12C-230 - Record of board proceedings--Annual report. - 3-12C-230. Record of board proceedings--Annual report . The board shall...

Section 3-12C-301 - Members of system. - 3-12C-301. Members of system. All of the following full-time employees...

Section 3-12C-302 - Membership in system--Exclusions. - 3-12C-302. Membership in system--Exclusions. Membership in the system shall exclude...

Section 3-12C-303 - Newly elected officials permitted to join system--Requirements--Credited service. - 3-12C-303. Newly elected officials permitted to join system--Requirements--Credited service. A...

Section 3-12C-304 - Continuation of previously established retirement plan--Vote of employees required to participate in consolidated system. - 3-12C-304 . Continuation of previously established retirement plan--Vote of employees...

Section 3-12C-305 - Newly established retirement plans of political subdivisions and public corporations to participate in consolidated system. - 3-12C-305. Newly established retirement plans of political subdivisions and public...

Section 3-12C-306 - Election by political subdivision or public corporation to participate in consolidated system. - 3-12C-306. Election by political subdivision or public corporation to participate...

Section 3-12C-307 - Coverage of joint employees of participating and nonparticipating political subdivisions. - 3-12C-307. Coverage of joint employees of participating and nonparticipating political...

Section 3-12C-308 - Accrued benefit deposit required when political subdivision or public corporation joins consolidated system--Participation by employees--Deferred payment of deposit. - 3-12C-308. Accrued benefit deposit required when political subdivision or public...

Section 3-12C-309 - Effective date of participation of employees of participating unit. - 3-12C-309. Effective date of participation of employees of participating unit....

Section 3-12C-310 - Privatization of governmental function. - 3-12C-310. Privatization of governmental function. If a participating unit determines...

Section 3-12C-401 - Rate of contributions--Deduction from pay--Employer to make members' contributions. - 3-12C-401. Rate of contributions--Deduction from pay--Employer to make members' contributions....

Section 3-12C-402 - Additional contribution for foundation members by participating unit. - 3-12C-402. Additional contribution for foundation members by participating unit. Each...

Section 3-12C-403 - Monthly transmission of contributions--Deposit in fund. - 3-12C-403. Monthly transmission of contributions--Deposit in fund. All employee and...

Section 3-12C-404 - Deduction of delinquent contributions from payments due from state--Penalty and interest. - 3-12C-404. Deduction of delinquent contributions from payments due from state--Penalty...

Section 3-12C-405 - Service records and employee information furnished by employers. - 3-12C-405. Service records and employee information furnished by employers. The...

Section 3-12C-406 - Knowing transmission of report with excluded compensation as misdemeanor. - 3-12C-406. Knowing transmission of report with excluded compensation as misdemeanor....

Section 3-12C-407 - Accumulated contributions defined for foundation members. - 3-12C-407. Accumulated contributions defined for foundation members. For any foundation...

Section 3-12C-408 - Accumulated contributions defined for generational members. - 3-12C-408. Accumulated contributions defined for generational members. For any generational...

Section 3-12C-409 - Refund of unpaid accumulated contributions upon termination--Reversion of unclaimed payments to system. - 3-12C-409. Refund of unpaid accumulated contributions upon termination--Reversion of unclaimed...

Section 3-12C-410 - Lump-sum payments where designated beneficiary does not survive member--Reversion to system of unclaimed payments. - 3-12C-410. Lump-sum payments where designated beneficiary does not survive member--Reversion...

Section 3-12C-501 - Uniform application of service credit rules. - 3-12C-501. Uniform application of service credit rules. Any period of...

Section 3-12C-502 - Credited service defined for foundation members. - 3-12C-502. Credited service defined for foundation members. For any foundation...

Section 3-12C-503 - Credited service defined for generational members. - 3-12C-503. Credited service defined for generational members. For any generational...

Section 3-12C-504 - Purchase of prior service credit--Calculation of amount due. - 3-12C-504. Purchase of prior service credit--Calculation of amount due. A...

Section 3-12C-505 - Prospective increase for credited service related to years of noncontributory service. - 3-12C-505. Prospective increase for credited service related to years of...

Section 3-12C-506 - Refund for purchase cost of noncontributing service. - 3-12C-506. Refund for purchase cost of noncontributing service. Any member...

Section 3-12C-509 - Purchase of prior service credit for public service not covered by retirement plan. - 3-12C-509. Purchase of prior service credit for public service not...

Section 3-12C-510 - Acquisition of credited service through transfer of funds--Requirements. - 3-12C-510. Acquisition of credited service through transfer of funds--Requirements. A...

Section 3-12C-511 - Purchase of nonqualified permissive service credit allowed. - 3-12C-511. Purchase of nonqualified permissive service credit allowed. Notwithstanding the...

Section 3-12C-512 - Acquisition of credited service for members mobilized into certain federal military service. - 3-12C-512. Acquisition of credited service for members mobilized into certain...

Section 3-12C-513 - Service credit for leave of absence--Contributions to cover period of absence. - 3-12C-513. Service credit for leave of absence--Contributions to cover period...

Section 3-12C-514 - Credited service for leave of absence due to qualified military service--Return to employment after discharge. - 3-12C-514. Credited service for leave of absence due to qualified...

Section 3-12C-515 - Death or disability of member on leave of absence due to qualified military service--Return to service date and benefits. - 3-12C-515. Death or disability of member on leave of absence...

Section 3-12C-516 - Members receiving differential wage payments. - 3-12C-516. Members receiving differential wage payments. Beginning January 1, 2009,...

Section 3-12C-517 - Valuation of purchased prior service credit--Installment payments--Death of member--Adjustment when installments not paid. - 3-12C-517. Valuation of purchased prior service credit--Installment payments--Death of member--Adjustment...

Section 3-12C-518 - Conversion of credited service. - 3-12C-518. Conversion of credited service. A current contributing Class B...

Section 3-12C-519 - Purchase of certain public service as Class B service. - 3-12C-519. Purchase of certain public service as Class B service....

Section 3-12C-520 - Prior service credit on return of nonvested member to employment. - 3-12C-520. Prior service credit on return of nonvested member to...

Section 3-12C-601 - Retirement benefit to terminated member with vested right--Calculation. - 3-12C-601. Retirement benefit to terminated member with vested right--Calculation. A...

Section 3-12C-602 - Withdrawal of accumulated contributions on leaving covered employment--Picture identification required--Limitation. - 3-12C-602. Withdrawal of accumulated contributions on leaving covered employment--Picture identification...

Section 3-12C-603 - Distribution by direct rollover. - 3-12C-603. Distribution by direct rollover. A member who elects to...

Section 3-12C-604 - Contributions left in system on termination of employment without vested right--Maximum period--Forfeiture. - 3-12C-604. Contributions left in system on termination of employment without...

Section 3-12C-605 - Uncollected payments from system--Reversion. - 3-12C-605. Uncollected payments from system--Reversion. If any payment from the...

Section 3-12C-606 - Reinstatement of terminated rights. - 3-12C-606. Reinstatement of terminated rights. Any rights which have terminated...

Section 3-12C-607 - Early withdrawal precludes additional refund. - 3-12C-607. Early withdrawal precludes additional refund. No member or former...

Section 3-12C-608 - Eligibility for benefits upon becoming full-time employee within twelve months after withdrawal. - 3-12C-608. Eligibility for benefits upon becoming full-time employee within twelve...

Section 3-12C-701 - Benefits only payable monthly--Lump-sum payments prohibited unless specified. - 3-12C-701. Benefits only payable monthly--Lump-sum payments prohibited unless specified. A...

Section 3-12C-702 - Person's birthday for purposes of eligibility. - 3-12C-702. Person's birthday for purposes of eligibility. For the purposes...

Section 3-12C-703 - COLA applied to benefits--COLA elimination. - 3-12C-703. COLA applied to benefits--COLA elimination. The COLA payable shall...

Section 3-12C-704 - Determination of COLA payable. - 3-12C-704. Determination of COLA payable. The COLA payable is the...

Section 3-12C-705 - Date of application of prorated payment of COLA. - 3-12C-705. Date of application of prorated payment of COLA. Application...

Section 3-12C-706 - Modified monthly benefit permitted. - 3-12C-706. Modified monthly benefit permitted. The board may provide under...

Section 3-12C-707 - Highest annual compensation. - 3-12C-707. Highest annual compensation . To calculate benefits pursuant to...

Section 3-12C-708 - Time of termination of benefits. - 3-12C-708. Time of termination of benefits. Monthly benefits paid to...

Section 3-12C-709 - Duplicate benefits prohibited unless from another member's contributions. - 3-12C-709. Duplicate benefits prohibited unless from another member's contributions. No...

Section 3-12C-710 - Member who leaves employment--Spouse and minor children. - 3-12C-710. Member who leaves employment--Spouse and minor children. A member...

Section 3-12C-711 - Rules regulating maximum annual benefit--Tax qualification--Limitation year defined. - 3-12C-711. Rules regulating maximum annual benefit--Tax qualification--Limitation year defined. Pursuant...

Section 3-12C-712 - Compensation limits in Internal Revenue Code § 401(a)(17). - 3-12C-712. Compensation limits in Internal Revenue Code §401(a)(17) . Any...

Section 3-12C-713 - Contribution credit defined--Payment of contribution credit and credited investment return. - 3-12C-713. Contribution credit defined--Payment of contribution credit and credited investment...

Section 3-12C-801 - Criteria for determining disability--Uniform application. - 3-12C-801. Criteria for determining disability--Uniform application. The Board of Trustees...

Section 3-12C-802 - Disability documentation inadmissible for proceedings relative to workers' compensation. - 3-12C-802. Disability documentation inadmissible for proceedings relative to workers' compensation....

Section 3-12C-803 - Disability benefits eligibility--Applications before July 1, 2015--Required information--Filing deadline. - 3-12C-803. Disability benefits eligibility--Applications before July 1, 2015--Required information--Filing deadline....

Section 3-12C-804 - Employer certification of inability to provide effective accommodations or comparable employment--Applications before July 1, 2015. - 3-12C-804. Employer certification of inability to provide effective accommodations or...

Section 3-12C-805 - Amount of monthly disability benefit--Applications before July 1, 2015. - 3-12C-805. Amount of monthly disability benefit--Applications before July 1, 2015....

Section 3-12C-806 - Elimination or addition of disability benefit pertaining to children--Applications before July 1, 2015. - 3-12C-806. Elimination or addition of disability benefit pertaining to children--Applications...

Section 3-12C-807 - Deduction of other public benefits from disability benefit--Reduction when children become ineligible--Applications before July 1, 2015. - 3-12C-807. Deduction of other public benefits from disability benefit--Reduction when...

Section 3-12C-808 - Conversion of disability benefit to retirement benefit at retirement age--Applications before July 1, 2015. - 3-12C-808. Conversion of disability benefit to retirement benefit at retirement...

Section 3-12C-809 - Termination of disability benefit based on application before July 1, 2015. - 3-12C-809. Termination of disability benefit based on application before July...

Section 3-12C-810 - Maximum amount of disability benefit--Reporting earned income--Applications before July 1, 2015. - 3-12C-810. Maximum amount of disability benefit--Reporting earned income--Applications before July...

Section 3-12C-811 - Disability benefits for applications received after June 30, 2015. - 3-12C-811. Disability benefits for applications received after June 30, 2015...

Section 3-12C-812 - Disability benefits eligibility. - 3-12C-812. Disability benefits eligibility . A contributing member who becomes...

Section 3-12C-813 - Application for disability benefits--Required information--Filing deadline. - 3-12C-813. Application for disability benefits--Required information--Filing deadline. Any member seeking...

Section 3-12C-814 - Employer certification of inability to provide accommodations or comparable employment. - 3-12C-814. Employer certification of inability to provide accommodations or comparable...

Section 3-12C-815 - Health care provider certification of disability. - 3-12C-815. Health care provider certification of disability. No application for...

Section 3-12C-816 - Advice of disability advisory committee--Independent examination or assessment--Notice of disapproval of application. - 3-12C-816. Advice of disability advisory committee--Independent examination or assessment--Notice of...

Section 3-12C-817 - Notice of approval of disability benefits--Commencement of benefits. - 3-12C-817. Notice of approval of disability benefits--Commencement of benefits. If...

Section 3-12C-818 - Calculation of disability benefits--Foundation members. - 3-12C-818. Calculation of disability benefits--Foundation members. The disability benefit approved...

Section 3-12C-819 - Disability benefits for generational members. - 3-12C-819. Disability benefits for generational members. The disability benefit approved...

Section 3-12C-820 - No credited service for disability benefit period. - 3-12C-820. No credited service for disability benefit period. No member...

Section 3-12C-821 - Contributions for period of employment while receiving disability benefits. - 3-12C-821. Contributions for period of employment while receiving disability benefits....

Section 3-12C-822 - Termination of disability benefits. - 3-12C-822. Termination of disability benefits. A member's disability benefits terminate...

Section 3-12C-823 - Contributions upon return to covered employment. - 3-12C-823. Contributions upon return to covered employment. If a member's...

Section 3-12C-824 - Retirement benefit of member who received disability benefits and returned to covered employment. - 3-12C-824. Retirement benefit of member who received disability benefits and...

Section 3-12C-825 - Retirement benefit of member whose disability benefits were terminated but who did not return to covered employment. - 3-12C-825. Retirement benefit of member whose disability benefits were terminated...

Section 3-12C-826 - Family benefit--Member dies before normal retirement age while receiving disability benefits. - 3-12C-826. Family benefit--Member dies before normal retirement age while receiving...

Section 3-12C-827 - Surviving spouse benefit where member received disability benefits. - 3-12C-827. Surviving spouse benefit where member received disability benefits ....

Section 3-12C-828 - Surviving spouse benefit where member dies after normal retirement age while receiving disability benefits. - 3-12C-828. Surviving spouse benefit where member dies after normal retirement...

Section 3-12C-901 - Family and surviving spouse benefits--Death of contributing member before retirement or death of member receiving disability based on application before July 1, 2015--Amount of benefit--Effective date. - 3-12C-901. Family and surviving spouse benefits--Death of contributing member before...

Section 3-12C-902 - Payment or delivery to minors. - 3-12C-902. Payment or delivery to minors. Any payment of any...

Section 3-12C-903 - Benefits payable directly to child at age eighteen--Elimination upon ineligibility. - 3-12C-903. Benefits payable directly to child at age eighteen--Elimination upon...

Section 3-12C-904 - Elimination of family benefit as children become ineligible. - 3-12C-904. Elimination of family benefit as children become ineligible. The...

Section 3-12C-905 - Deductions of member's primary social security from benefits. - 3-12C-905. Deductions of member's primary social security from benefits. Seventy-five...

Section 3-12C-906 - Family benefits in lieu of other death benefits--Election by designated beneficiary to withdraw accumulated contributions. - 3-12C-906. Family benefits in lieu of other death benefits--Election by...

Section 3-12C-907 - Family benefit--Deceased member who was working--Total benefit--Effective date. - 3-12C-907. Family benefit--Deceased member who was working--Total benefit--Effective date. On...

Section 3-12C-1001 - Election of additional survivor protection--Commencement and termination of additional contribution. - 3-12C-1001. Election of additional survivor protection--Commencement and termination of additional...

Section 3-12C-1002 - Extension of survivor protection option to current contributing members--Limitation on future extensions. - 3-12C-1002. Extension of survivor protection option to current contributing members--Limitation...

Section 3-12C-1003 - New enrollments in additional survivor protection prohibited. - 3-12C-1003. New enrollments in additional survivor protection prohibited. The provisions...

Section 3-12C-1004 - Amount of additional survivor protection benefits--Termination. - 3-12C-1004. Amount of additional survivor protection benefits--Termination. The additional survivor...

Section 3-12C-1101 - Final average compensation for foundation members whose contributory service concluded before July 1, 2021. - 3-12C-1101. Final average compensation for foundation members whose contributory service...

Section 3-12C-1102 - Limitations on final average compensation for foundation members whose contributory service concluded before July 1, 2020. - 3-12C-1102. Limitations on final average compensation for foundation members whose...

Section 3-12C-1103 - Final average compensation for foundation members whose contributory service concludes after June 30, 2021. - 3-12C-1103. Final average compensation for foundation members whose contributory service...

Section 3-12C-1104 - Limitations on final average compensation for foundation members whose contributory service concludes after June 30, 2020. - 3-12C-1104. Limitations on final average compensation for foundation members whose...

Section 3-12C-1105 - Normal retirement age for foundation members. - 3-12C-1105. Normal retirement age for foundation members. For any foundation...

Section 3-12C-1106 - Normal retirement benefit for foundation members for Class A credited service. - 3-12C-1106. Normal retirement benefit for foundation members for Class A...

Section 3-12C-1107 - Normal retirement benefit for foundation members for Class B credited service other than justice, judge, or magistrate judge. - 3-12C-1107. Normal retirement benefit for foundation members for Class B...

Section 3-12C-1108 - Normal retirement benefit for foundation members for Class B credited service as justice, judge, or magistrate judge. - 3-12C-1108. Normal retirement benefit for foundation members for Class B...

Section 3-12C-1109 - Adjustments in benefit for certain retirees based on time and circumstances of retirement. - 3-12C-1109. Adjustments in benefit for certain retirees based on time...

Section 3-12C-1110 - Reduction age defined for foundation members. - 3-12C-1110. Reduction age defined for foundation members. For any foundation...

Section 3-12C-1111 - Early retirement benefits for foundation members. - 3-12C-1111. Early retirement benefits for foundation members. Any vested foundation...

Section 3-12C-1112 - Adjustment of early retirement benefits for foundation members who retire before eligible for social security. - 3-12C-1112. Adjustment of early retirement benefits for foundation members who...

Section 3-12C-1113 - Effective date of retirement benefit of foundation member--Last payment--Retroactive retirement benefits. - 3-12C-1113. Effective date of retirement benefit of foundation member--Last payment--Retroactive...

Section 3-12C-1114 - Surviving spouse benefit--Retired foundation member--Effective dates. - 3-12C-1114. Surviving spouse benefit--Retired foundation member--Effective dates. Upon the death...

Section 3-12C-1115 - Surviving spouse benefit--Foundation member--Calculation of benefit. - 3-12C-1115. Surviving spouse benefit--Foundation member--Calculation of benefit. If no family...

Section 3-12C-1116 - Early surviving spouse benefit for foundation member's spouse. - 3-12C-1116. Early surviving spouse benefit for foundation member's spouse. A...

Section 3-12C-1201 - Final average compensation defined for generational members. - 3-12C-1201. Final average compensation defined for generational members. For any...

Section 3-12C-1202 - Limitations on final average compensation for generational members. - 3-12C-1202. Limitations on final average compensation for generational members. For...

Section 3-12C-1203 - Normal retirement age for generational members. - 3-12C-1203. Normal retirement age for generational members. For any generational...

Section 3-12C-1204 - Normal retirement benefit for generational members for Class A credited service. - 3-12C-1204. Normal retirement benefit for generational members for Class A...

Section 3-12C-1205 - Normal retirement benefit for generational members for Class B credited service other than justice, judge, or magistrate judge. - 3-12C-1205. Normal retirement benefit for generational members for Class B...

Section 3-12C-1206 - Normal retirement benefit for generational members for Class B credited service as justice, judge, or magistrate judge. - 3-12C-1206. Normal retirement benefit for generational members for Class B...

Section 3-12C-1207 - Early retirement benefits for generational members. - 3-12C-1207. Early retirement benefits for generational members. Any vested generational...

Section 3-12C-1208 - Application for retirement benefit required--Picture identification required. - 3-12C-1208. Application for retirement benefit required--Picture identification required. No retirement...

Section 3-12C-1209 - Monthly benefit options for generational members. - 3-12C-1209. Monthly benefit options for generational members. Any generational member...

Section 3-12C-1210 - Irrevocable benefit election by generational members. - 3-12C-1210. Irrevocable benefit election by generational members. If more than...

Section 3-12C-1211 - Effective date of retirement benefit of generational member--Last payment. - 3-12C-1211. Effective date of retirement benefit of generational member--Last payment....

Section 3-12C-1212 - Retroactive retirement benefits for generational members. - 3-12C-1212. Retroactive retirement benefits for generational members. Any generational member...

Section 3-12C-1213 - Surviving spouse benefit--Retired generational member--Amount of benefit. - 3-12C-1213. Surviving spouse benefit--Retired generational member--Amount of benefit. Upon the...

Section 3-12C-1214 - Surviving spouse benefit--Generational member dying after normal retirement age but before start of benefit--Amount of benefit. - 3-12C-1214. Surviving spouse benefit--Generational member dying after normal retirement age...

Section 3-12C-1215 - Amount of surviving spouse benefit for generational member. - 3-12C-1215. Amount of surviving spouse benefit for generational member. If...

Section 3-12C-1216 - Early surviving spouse benefit for generational member's spouse. - 3-12C-1216. Early surviving spouse benefit for generational member's spouse. A...

Section 3-12C-1301 - Variable retirement accounts of generational members--Contributions and credited investment return. - 3-12C-1301. Variable retirement accounts of generational members--Contributions and credited investment...

Section 3-12C-1302 - Variable retirement contributions of generational members. - 3-12C-1302. Variable retirement contributions of generational members. Each year the...

Section 3-12C-1303 - Distributions from generational member's variable retirement account. - 3-12C-1303. Distributions from generational member's variable retirement account. The variable...

Section 3-12C-1400 - Three consecutive calendar months of separation described. - 3-12C-1400. Three consecutive calendar months of separation described. For purposes...

Section 3-12C-1401 - Reemployment of retired member--Separation of service required--Hiring procedures. - 3-12C-1401. Reemployment of retired member--Separation of service required--Hiring procedures. Except...

Section 3-12C-1401.1 - Reemployment of retired member--Limited exception to separation of service requirement. - 3-12C-1401.1. Reemployment of retired member--Limited exception to separation of service...

Section 3-12C-1402 - Reduction of retirement benefit during reemployment before July 1, 2004--Recalculation of additional benefit. - 3-12C-1402. Reduction of retirement benefit during reemployment before July 1,...

Section 3-12C-1403 - Retirement benefits for members who reentered covered employment after June 30, 2004 and before April 1, 2010. - 3-12C-1403. Retirement benefits for members who reentered covered employment after...

Section 3-12C-1404 - Reduction of retirement benefit during reemployment for members who reentered employment between July 1, 2004 and April 1, 2010--Benefit upon subsequent retirement. - 3-12C-1404. Reduction of retirement benefit during reemployment for members who...

Section 3-12C-1405 - Retired members--Reentrance to covered employment--Benefits and membership. - 3-12C-1405. Retired members--Reentrance to covered employment--Benefits and membership. Except as...

Section 3-12C-1405.1 - Reemployment of retired member--Limited exception to benefit and membership provisions for part-time employment. - 3-12C-1405.1. Reemployment of retired member--Limited exception to benefit and membership...

Section 3-12C-1405.2 - Reemployment of retired member--Employer tracking. - 3-12C-1405.2. Reemployment of retired member--Employer tracking. Any participating unit employing...

Section 3-12C-1406 - Invalid retirement--Repayment of retirement benefit payments. - 3-12C-1406. Invalid retirement--Repayment of retirement benefit payments. Except as provided...

Section 3-12C-1501 - Supplemental pension benefit created. - 3-12C-1501. Supplemental pension benefit created. There is hereby established the...

Section 3-12C-1502 - Interest rate assumption--Suspension of new supplemental pension contracts--No right to particular price. - 3-12C-1502. Interest rate assumption--Suspension of new supplemental pension contracts--No right...

Section 3-12C-1503 - Rollover of funds--Single premium--Contract effective upon signing--Payment of benefits. - 3-12C-1503. Rollover of funds--Single premium--Contract effective upon signing--Payment of benefits....

Section 3-12C-1504 - Types of supplemental pension benefits. - 3-12C-1504. Types of supplemental pension benefits. A supplemental pension participant...

Section 3-12C-1505 - COLA applicable to supplemental pension benefits. - 3-12C-1505. COLA applicable to supplemental pension benefits. A supplemental pension...

Section 3-12C-1506 - Death of participant or spouse--Lump sum distribution to beneficiaries--Time for making claim. - 3-12C-1506. Death of participant or spouse--Lump sum distribution to beneficiaries--Time...

Section 3-12C-1507 - Contract purchases and benefit payments deemed qualified plan distributed annuity contracts. - 3-12C-1507. Contract purchases and benefit payments deemed qualified plan distributed...

Section 3-12C-1508 - Minimum distribution rules--Annual benefit limitations. - 3-12C-1508. Minimum distribution rules--Annual benefit limitations. Supplemental pension benefit payments...

Section 3-12C-1509 - Applicability of certain retirement system provisions. - 3-12C-1509. Applicability of certain retirement system provisions. Supplemental pension benefits...

Section 3-12C-1510 - Exemption from Title 58 and from securities and agent registration. - 3-12C-1510. Exemption from Title 58 and from securities and agent...

Section 3-12C-1601 - Previous retirement systems consolidated--Purpose. - 3-12C-1601. Previous retirement systems consolidated--Purpose. The Supreme and Circuit Court...

Section 3-12C-1602 - Intent to provide increased benefits to previously retired members of systems. - 3-12C-1602. Intent to provide increased benefits to previously retired members...

Section 3-12C-1603 - Increase in benefits for previously retired members of systems. - 3-12C-1603. Increase in benefits for previously retired members of systems....

Section 3-12C-1604 - Adjustment of increase for retired members electing optional payment or early retirement. - 3-12C-1604. Adjustment of increase for retired members electing optional payment...

Section 3-12C-1605 - Previously retired members paid from consolidated fund. - 3-12C-1605. Previously retired members paid from consolidated fund. Notwithstanding the...

Section 3-12C-1606 - Members of consolidated systems entitled to benefits of prior law--Retention of Codified Laws. - 3-12C-1606. Members of consolidated systems entitled to benefits of prior...

Section 3-12C-1607 - Amount of benefits for justice or judge mandatorily retired. - 3-12C-1607. Amount of benefits for justice or judge mandatorily retired....

Section 3-12C-1608 - Board of Regents employees--Definition of balances. - 3-12C-1608. Board of Regents employees--Definition of balances. Terms as used...

Section 3-12C-1610 - Contract for purchase of service for Board of Regents. - 3-12C-1610. Contract for purchase of service for Board of Regents....

Section 3-12C-1611 - Contributory service credited to Board of Regents employees--Eligibility of nonparticipating employees--Qualification for prior credited service. - 3-12C-1611. Contributory service credited to Board of Regents employees--Eligibility of...

Section 3-12C-1612 - Normal retirement allowance reduced by actuarial equivalent--Deposit of individual balance--Member contributions. - 3-12C-1612. Normal retirement allowance reduced by actuarial equivalent--Deposit of individual...

Section 3-12C-1613 - Allowance to surviving spouse of law enforcement officer retired for disability. - 3-12C-1613. Allowance to surviving spouse of law enforcement officer retired...

Section 3-12C-1615 - Rapid City firefighter membership in system--Benefits and credited service. - 3-12C-1615. Rapid City firefighter membership in system--Benefits and credited service....

Section 3-12C-1616 - Rapid City firefighter retirement benefits--Normal retirement age. - 3-12C-1616. Rapid City firefighter retirement benefits--Normal retirement age. Upon retirement,...

Section 3-12C-1617 - Payments from public employees retirement fund to Rapid City firefighters. - 3-12C-1617. Payments from public employees retirement fund to Rapid City...

Section 3-12C-1618 - Payments by Rapid City. - 3-12C-1618. Payments by Rapid City. The municipality of Rapid City...

Section 3-12C-1619 - Crediting of transfers from Rapid City pension fund. - 3-12C-1619. Crediting of transfers from Rapid City pension fund. All...

Section 3-12C-1620 - Retirement benefits for certain city of Aberdeen employees. - 3-12C-1620. Retirement benefits for certain city of Aberdeen employees. To...

Section 3-12C-1621 - Aberdeen firefighters to participate in system. - 3-12C-1621. Aberdeen firefighters to participate in system. On July 1,...

Section 3-12C-1622 - Eligible benefits for Aberdeen firefighters. - 3-12C-1622. Eligible benefits for Aberdeen firefighters. Each individual described in...

Section 3-12C-1623 - Amount to be paid by municipality of Aberdeen. - 3-12C-1623. Amount to be paid by municipality of Aberdeen. The...

Section 3-12C-1624 - Funds from Aberdeen municipality considered member contributions. - 3-12C-1624. Funds from Aberdeen municipality considered member contributions. All amounts...

Section 3-12C-1625 - Watertown firefighters pension fund members--Credited service. - 3-12C-1625. Watertown firefighters pension fund members--Credited service. On July 1,...

Section 3-12C-1626 - Watertown firefighters benefits paid from the system--Minimum benefit. - 3-12C-1626. Watertown firefighters benefits paid from the system--Minimum benefit. Each...

Section 3-12C-1627 - Payments by Watertown. - 3-12C-1627. Payments by Watertown. The city of Watertown shall pay...

Section 3-12C-1628 - Crediting transfers from city of Watertown firemen pension fund. - 3-12C-1628. Crediting transfers from city of Watertown firemen pension fund....

Section 3-12C-1629 - Mitchell firefighters as members of system. - 3-12C-1629. Mitchell firefighters as members of system. On July 1,...

Section 3-12C-1630 - Benefits for Mitchell firefighters. - 3-12C-1630. Benefits for Mitchell firefighters. Each retired member or benefit...

Section 3-12C-1631 - Calculation of Mitchell firefighter benefits. - 3-12C-1631. Calculation of Mitchell firefighter benefits. Upon retirement, each member...

Section 3-12C-1632 - Amount of payment to system by city of Mitchell. - 3-12C-1632. Amount of payment to system by city of Mitchell....

Section 3-12C-1633 - Transfer of city of Mitchell firemen's pension plan funds as member contributions. - 3-12C-1633. Transfer of city of Mitchell firemen's pension plan funds...

Section 3-12C-1634 - Information required of city of Mitchell. - 3-12C-1634. Information required of city of Mitchell. For purposes of...

Section 3-12C-1635 - Huron firefighters as members of system. - 3-12C-1635. Huron firefighters as members of system. On July 1,...

Section 3-12C-1636 - Benefits for Huron firefighters. - 3-12C-1636. Benefits for Huron firefighters. Each retired member, any benefit...

Section 3-12C-1637 - Calculation of Huron firefighter benefits. - 3-12C-1637. Calculation of Huron firefighter benefits. Upon retirement, each member...

Section 3-12C-1638 - Amount of payment to system by City of Huron. - 3-12C-1638. Amount of payment to system by City of Huron....

Section 3-12C-1639 - Transfer of city of Huron firemen's pension plan funds as member contributions. - 3-12C-1639. Transfer of city of Huron firemen's pension plan funds...

Section 3-12C-1640 - Information required of city of Huron. - 3-12C-1640. Information required of city of Huron. For purposes of...

Section 3-12C-1641 - Election by municipality of Sioux Falls to be participating unit. - 3-12C-1641. Election by municipality of Sioux Falls to be participating...

Section 3-12C-1642 - Transfer of funds in cement plan retirement fund. - 3-12C-1642. Transfer of funds in cement plan retirement fund. Upon...

Section 3-12C-1643 - Members of cement plant retirement plan to be Class C members of system. - 3-12C-1643. Members of cement plant retirement plan to be Class...

Section 3-12C-1644 - Class C members to receive benefits as provided under cement plant retirement plan. - 3-12C-1644. Class C members to receive benefits as provided under...

Section 3-12C-1646 - Payment of benefits and operational expenses related to Class C members. - 3-12C-1646. Payment of benefits and operational expenses related to Class...

Section 3-12C-1647 - Promulgation of rules to administer retirement benefits for Class C members. - 3-12C-1647. Promulgation of rules to administer retirement benefits for Class...

Section 3-12C-1648 - Member election to receive lump sum trustee-to-trustee payment in lieu of monthly payments. - 3-12C-1648. Member election to receive lump sum trustee-to-trustee payment in...

Section 3-12C-1649 - Surviving spouse election to receive lump sum trustee-to-trustee payment in lieu of monthly payments. - 3-12C-1649. Surviving spouse election to receive lump sum trustee-to-trustee payment...

Section 3-12C-1650 - Department of Labor and Regulation employees' retirement plan--Membership with system--Class D. - 3-12C-1650 . Department of Labor and Regulation employees' retirement plan--Membership...

Section 3-12C-1651 - Class D membership--Benefits received. - 3-12C-1651 . Class D membership--Benefits received. Each Class D member...

Section 3-12C-1701 - Correctional security staff benefits. - 3-12C-1701. Correctional security staff benefits. For purposes of determining the...

Section 3-12C-1703 - Calculation of benefits of parole agent. - 3-12C-1703. Calculation of benefits of parole agent. For purposes of...

Section 3-12C-1704 - Calculating benefits of air rescue firefighter. - 3-12C-1704. Calculating benefits of air rescue firefighter. For purposes of...

Section 3-12C-1705 - Foundation member conservation officers. - 3-12C-1705. Foundation member conservation officers. For purposes of determining the...

Section 3-12C-1706 - Benefits of conservation officers employed by Department of Game, Fish and Parks, Division of Custer State Park, and park rangers--Credited service. - 3-12C-1706. Benefits of conservation officers employed by Department of Game,...

Section 3-12C-1801 - Participant--Definition. - 3-12C-1801 . Participant--Definition. For the purposes of this part, a...

Section 3-12C-1802 - Qualified benefit preservation arrangement--Definition. - 3-12C-1802 . Qualified benefit preservation arrangement--Definition. For the purposes of...

Section 3-12C-1803 - Qualified benefit preservations arrangement--Establishment--Purpose. - 3-12C-1803 . Qualified benefit preservations arrangement--Establishment--Purpose. The qualified benefit preservation...

Section 3-12C-1804 - Eligibility to participate. - 3-12C-1804 . Eligibility to participate. Effective as of July 1,...

Section 3-12C-1805 - Benefit payable. - 3-12C-1805 . Benefit payable. A participant shall receive a portion...

Section 3-12C-1806 - Cost of living adjustment after benefit begins--Change in benefit payable. - 3-12C-1806 . Cost of living adjustment after benefit begins--Change in...

Section 3-12C-1807 - Qualified benefit preservation arrangement--Funding. - 3-12C-1807 . Qualified benefit preservation arrangement--Funding. The qualified benefit preservation...

Section 3-12C-1808 - Contributions. - 3-12C-1808 . Contributions. The system shall determine the amount necessary...

Section 3-12C-1809 - Qualified benefit preservation arrangement trust fund--Establishment--Purpose. - 3-12C-1809 . Qualified benefit preservation arrangement trust fund--Establishment--Purpose. The qualified...

Section 3-12C-1810 - Qualified benefit preservation arrangement assets--Income. - 3-12C-1810 . Qualified benefit preservation arrangement assets--Income. Any assets held...

Section 3-12C-1811 - Qualified benefit preservation arrangement--Administration. - 3-12C-1811 . Qualified benefit preservation arrangement--Administration. The system shall administer...

Section 3-12C-1812 - Qualified benefit preservation arrangement--No assignment. - 3-12C-1812 . Qualified benefit preservation arrangement--No assignment. The rights of...

Section 3-12C-1813 - Conflicts. - 3-12C-1813 . Conflicts. In resolving any conflict between provisions of...

Section 3-12C-1814 - Limitation of rights. - 3-12C-1814 . Limitation of rights. Neither the establishment or maintenance...

Section 3-12C-1815 - Erroneous payments--Corrections. - 3-12C-1815 . Erroneous payments--Corrections. Any benefit payment that should not...

Section 3-12C-1816 - Administration of benefit--Release and receipt. - 3-12C-1816 . Administration of benefit--Release and receipt. Any payment to...

Section 3-12C-1817 - Reservation of power to change. - 3-12C-1817 . Reservation of power to change. The Legislature reserves...

Section 3-12C-1901 - General rule. - 3-12C-1901. General rule. The system shall pay all benefits in...

Section 3-12C-1902 - Member's death after distributions begun. - 3-12C-1902. Member's death after distributions begun. If a member dies...

Section 3-12C-1903 - Member's death before required distributions begun. - 3-12C-1903. Member's death before required distributions begun. If a member...

Section 3-12C-1904 - Incidental benefit rule. - 3-12C-1904. Incidental benefit rule. The death and disability benefits provided...

Section 3-12C-1905 - Reasonable and made in good faith. - 3-12C-1905. Reasonable and made in good faith. Notwithstanding the other...

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South Dakota Codified Laws Title 3 - Public Officers and Employees Chapter 12C - South Dakota Retirement System

South Dakota Codified Laws
Title 3 - Public Officers and Employees
Chapter 12C - South Dakota Retirement System