There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 3-12-69.1 — Board of Regents employees--Definition of balances.
3-12-69.1. Board of Regents employees--Definition of balances. Terms as used in §§ 3-12- 69.1 to 3-12-69.5, inclusive, unless the context otherwise requires, shall mean:
(1) "Board of Regents' balance," the
contributions from April 1, 1964, to June 30, 1975, plus
accumulated interest, made by the Board of Regents and deposited on
behalf of an employee in any pension fund that is established by
contract with an insurance company;
(2) "Excess balance," the contributions in
addition to those accumulated in the individual balance and made
from April 1, 1964, to June 30, 1975, with accumulated interest, by
a Board of Regents employee included in the provisions of
§§ 3-12-69.1 to 3-12-69.5, inclusive, and deposited
in any pension fund that is established by contract with an
insurance company;
(3) "Individual balance," the
contributions from April 1, 1964, to June 30, 1975, with
accumulated interest made on a matching basis by the Board of
Regents' employees included in the provisions of
§§ 3-12-69.1 to 3-12-69.5, inclusive, and the Board
of Regents and deposited on behalf of the employee in any pension
fund that is established by contract with an insurance
company.
Source: SL 1975, ch 38, § 1; SL 1979, ch 29, § 1.
Source: SL 1975, ch 38, § 1; SL 1979, ch 29, § 1.
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