There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 3-12-120 — Annual actuarial valuation of system--Scope of valuation.
3-12-120. Annual actuarial valuation of system--Scope of valuation. To determine and verify the adequacy of the members and employer contributions to the system, an actuarial valuation of the system shall be made by an approved actuary annually. The
actuarial valuation shall include:
(1) A demonstration of the relationship of
the current member and employer contributions, expressed as a
percentage of payroll, to the actuarial requirement;
and
(2) The current year's funded ratio as
well as the ratios from the prior actuarial valuations performed
after July 1, 1974.
Source: SL 1974, ch 35, § 74; SL 1996, ch 27; SL 2004, ch 42, § 13.
Source: SL 1974, ch 35, § 74; SL 1996, ch 27; SL 2004, ch 42, § 13.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.