There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 3 - PUBLIC OFFICERS AND EMPLOYEES
Chapter 12 - South Dakota Retirement System
- § 3-12-1 Repealed.
- § 3-12-2 to 3-12-45. Repealed.
- § 3-12-46 Previous retirement systems consolidated--Purpose.
- § 3-12-47 Definition of terms.
- § 3-12-47.1 Effect of credited service provision.
- § 3-12-47.2 Refund for purchase cost of noncontributing service.
- § 3-12-47.3 Date of application of prorated payment of interest.
- § 3-12-47.4 Date of application of prorated payment of improvement factor.
- § 3-12-48 Board of Trustees created--Composition.
- § 3-12-49 Election of trustees--Terms of office.
- § 3-12-50 Oath of office of trustees.
- § 3-12-51 Compensation and expenses of trustees.
- § 3-12-52 Meetings of board--Chair and vice chair--Votes required for decision.
- § 3-12-53 Resignation of trustee due to loss of qualifying status--Filling of vacancy.
- § 3-12-54 System managed by board--Standard of conduct--Legal advice.
- § 3-12-55 Appointment and term of administrator--Salary--Employment of personnel--Bond ofadministrator.
- § 3-12-56 Applications to administrator for membership or benefits.
- § 3-12-57 Repealed.
- § 3-12-57.1 Grievance procedure--Administrative and judicial review.
- § 3-12-58 Rules for administration.
- § 3-12-58.1 Confidentiality of records--Exceptions.
- § 3-12-59 Record of board proceedings--Biennial report.
- § 3-12-60 Business name of system--Treasurer.
- § 3-12-61 Expense fund continued--Transfer from retirement system fund--Report of budget--Appropriation and disbursement for expenses.
- § 3-12-62 Employees included as members of system.
- § 3-12-62.1 Department of Labor and Regulation employees--Membership in system--Benefitsand credited service.
- § 3-12-62.2 Rapid City firemen--Membership in system--Benefits and credited service.
- § 3-12-62.3 Rapid City firemen--Retirement benefits--Normal retirement age.
- § 3-12-62.4 Rapid City firemen--Payments from public employees retirement fund.
- § 3-12-62.5 Rapid City firemen--Payments by Rapid City.
- § 3-12-62.6 Rapid City firemen--Crediting of transfers from Rapid City pension fund.
- § 3-12-62.7 Repealed.
- § 3-12-62.8 Conservation officers--Calculation of benefits.
- § 3-12-62.9 Benefits of conservation officers employed by Department of Game, Fish and Parks,Division of Custer State Park, and park rangers--Credited service.
- § 3-12-62.10 Watertown firemen pension fund members--Credited service.
- § 3-12-62.11 Watertown firemen--Benefits paid from the system--Minimum benefit.
- § 3-12-62.12 Watertown firemen--Payments by Watertown.
- § 3-12-62.13 Watertown firemen--Crediting transfers from city of Watertown firemen pensionfund.
- § 3-12-63 Officers and employees excluded from membership in the system.
- § 3-12-64 Elective officers permitted to join system--Service credited.
- § 3-12-65 Continuation of previously established retirement plan of political subdivision orpublic corporation--Vote of employees required to participate in consolidated system.
- § 3-12-66 Newly established retirement plans of political subdivisions and public corporationsto participate in consolidated system.
- § 3-12-67 Election by political subdivision or public corporation to participate in consolidatedsystem.
- § 3-12-67.1 Election by municipality of Sioux Falls to be participating unit.
- § 3-12-68 Coverage of joint employees of participating and nonparticipating politicalsubdivisions.
- § 3-12-69 Accrued benefit deposit required when political subdivision or public corporationjoins consolidated system--Participation by employees--Deferred payment of deposit.
- § 3-12-69.1 Board of Regents employees--Definition of balances.
- § 3-12-69.2 Existing regents' contracts preserved--Expansion of retirement plan--Transition.
- § 3-12-69.3 Contract for purchase of service for Board of Regents.
- § 3-12-69.4 Contributory service credited to Board of Regents employees--Eligibility ofnonparticipating employees--Qualification for prior credited service.
- § 3-12-69.5 Normal retirement allowance reduced by actuarial equivalent--Deposit of individualbalance--Member contributions.
- § 3-12-70 Effective date of participation of employees of participating unit.
- § 3-12-71 Rate of contributions--Deduction from pay--Employer to make members'contributions.
- § 3-12-72 Monthly transmission of contributions--Deposit in fund.
- § 3-12-72.1 Use of fund restricted.
- § 3-12-72.2 Rights of members on termination of system or discontinuance of contributions.
- § 3-12-72.3 Diversion of funds prohibited--Legislative policy.
- § 3-12-72.4 Privatization of governmental function.
- § 3-12-73 Service records and employee information furnished by employers.
- § 3-12-74 Deduction of delinquent contributions from payments due from state--Penalty andinterest.
- § 3-12-75 Retirement allowance to terminated member with vested right--Calculation.
- § 3-12-76 Withdrawal of accumulated contributions on termination of public service--Exception.
- § 3-12-76.1 Withdrawal of accumulated contributions by member who does not terminate publicservice.
- § 3-12-76.2 Application of forfeitures.
- § 3-12-76.3 Distribution by direct rollover.
- § 3-12-77 Contributions left in system on termination of employment without vested right--Maximum period--Forfeiture.
- § 3-12-77.1 Uncollected payments from system--Reversion.
- § 3-12-77.2 Forfeiture of contributions to predecessor system.
- § 3-12-77.3 Reinstatement of terminated rights.
- § 3-12-77.4 Early withdrawal precludes additional refund.
- § 3-12-78 Prior service credit on return of nonvested member to employment.
- § 3-12-79 Repealed.
- § 3-12-80 Redeposit of contributions by member returning to service--Time of redeposit.
- § 3-12-81 Repealed.
- § 3-12-81.1 Reemployment of retired member--Termination of relationship with initialparticipating unit--Hiring procedures.
- § 3-12-82 Retirement allowances for members who reentered covered employment betweenJuly 1, 2004 and April 1, 2010.
- § 3-12-83 Purchase of prior service credit--Calculation of amount due.
- § 3-12-83.1 Purchase of prior service credit on tax-deferred basis.
- § 3-12-83.2 Purchase of prior service credit by member of tax-qualifying purchase unit.
- § 3-12-84 Purchase of prior service credit for public service not covered by retirement plan.
- § 3-12-84.1 Acquisition of credited service through transfer of funds--Requirements.
- § 3-12-84.2 Purchase of nonqualified permissive service credit allowed.
- § 3-12-84.3 Acquisition of credited service for members mobilized into certain federal militaryservice.
- § 3-12-85 Service credit for leave of absence--Contributions to cover period of absence.
- § 3-12-86 Credited service for leave of absence due to qualified military service--Return toemployment after discharge.
- § 3-12-86.1 Death or disability of member on leave of absence due to qualified military service--Return to service date and benefits.
- § 3-12-87 Valuation of purchased prior service credit--Installment payments--Death of member--Adjustment when installments not paid.
- § 3-12-88 Benefits increased by improvement factor--Increase elimination.
- § 3-12-89 Uniform application of service credit rules.
- § 3-12-89.1 Rules regulating maximum annual benefit--Tax qualification--Limitation yeardefined.
- § 3-12-90 Commencement of benefits on early or normal retirement--Termination of benefits--Maximum retroactive benefits on late application.
- § 3-12-90.1 to 3-12-90.5. Repealed.
- § 3-12-90.6 to 3-12-90.8. Repealed.
- § 3-12-90.9 Repealed.
- § 3-12-90.10 Repealed.
- § 3-12-91 Amount of normal retirement allowance for class A members.
- § 3-12-91.1 Additional contribution by participating unit.
- § 3-12-92 Amount of normal retirement allowance for certain class B members.
- § 3-12-92.1 Penitentiary correctional staff benefits.
- § 3-12-92.2 Calculation of benefits for sheriffs and deputies--Prior elective rights preserved.
- § 3-12-92.3 Calculation of benefits of parole agent.
- § 3-12-92.4 Amount of retirement allowance for justice, judge, or magistrate judge.
- § 3-12-92.5 Repealed.
- § 3-12-92.6 Adjustments in allowance for certain retirees based on time and circumstances ofretirement.
- § 3-12-93 Amount of benefits for justice or judge mandatorily retired.
- § 3-12-94 Spouse's allowance on death of member after retirement age.
- § 3-12-94.1 Allowance to surviving spouse of law enforcement officer retired for disability.
- § 3-12-95 Family benefits on death of contributing member before retirement and before July1, 2015.
- § 3-12-95.1 Benefits payment on minor's behalf to be made to custodian or conservator.
- § 3-12-95.2 Benefits payable directly to child at age eighteen--Elimination upon ineligibility.
- § 3-12-95.3 Elimination of family benefit as children become ineligible.
- § 3-12-95.4 Family benefits on death of contributing member before retirement and after June 30,2015.
- § 3-12-95.5 Surviving spouse benefit at age sixty-five where contributing member dies after June30, 2015.
- § 3-12-95.6 Early surviving spouse benefit.
- § 3-12-96 Deductions of member's primary social security from benefits.
- § 3-12-97 Family benefits in lieu of other death benefits--Election by designated beneficiary towithdraw accumulated contributions.
- § 3-12-98 Disability benefits eligibility--Applications before July 1, 2015--Requiredinformation--Filing deadline.
- § 3-12-99 Amount of monthly disability benefit--Applications before July 1, 2015.
- § 3-12-99.1 Elimination or addition of disability benefit pertaining to children--Applicationsbefore July 1, 2015.
- § 3-12-100 Criteria for determining disability--Uniform application.
- § 3-12-101 Deduction of other public benefits from disability benefit--Reduction when childrenbecome ineligible--Applications before July 1, 2015.
- § 3-12-102 Repealed.
- § 3-12-103 Conversion of disability benefit to retirement benefit at retirement age--Applicationsbefore July 1, 2015.
- § 3-12-103.1 Termination of disability benefit based on application before July 1, 2015.
- § 3-12-104 Election of additional survivor protection--Commencement and termination ofadditional contribution.
- § 3-12-104.1 Extension of survivor protection option to current contributing members--Limitationon future extensions.
- § 3-12-104.2 New enrollments in additional survivor protection prohibited.
- § 3-12-105 Amount of additional survivor protection benefits--Termination.
- § 3-12-106 Early retirement--Reduction of monthly payments.
- § 3-12-107 Adjustment of early retirement benefits so greater initial benefits equal later lesserbenefits when combined with social security.
- § 3-12-108 Modified monthly allowance permitted--Time and effect of election.
- § 3-12-109 Duplicate benefits prohibited unless from another member's contributions.
- § 3-12-110 Balance of accumulated contributions refunded to beneficiary or family--Reversionto system of unclaimed payments.
- § 3-12-111 Suspension of retirement allowance during reemployment prior to July 1, 2004--Recalculation of additional allowance.
- § 3-12-111.1 Suspension of retirement allowance during reemployment for members whoreentered employment between July 1, 2004 and April 1, 2010--Allowance uponsubsequent retirement.
- § 3-12-112 Benefits payable only as monthly allowance--Lump-sum payments prohibited unlessspecified.
- § 3-12-113 Time of termination of benefits.
- § 3-12-114 Correction of errors--Adjustment to actuarial equivalent.
- § 3-12-115 Exemption of contributions and benefits from taxation and process.
- § 3-12-116 Lump-sum payments where designated beneficiary does not survive member--Reversion to system of unclaimed payments.
- § 3-12-117 Investment of assets by investment council--Pooling of funds--Standards forinvestment--Compliance with federal divestiture enactments.
- § 3-12-118 Quadrennial independent report on investment performance--Contents of report.
- § 3-12-118.1 Alternative benefit enhancement methodology.
- § 3-12-119 Review of investment policy when return lower than average--Report to Governorand Legislature.
- § 3-12-120 Annual actuarial valuation of system--Scope of valuation.
- § 3-12-120.1 Independent actuarial review of retirement system mandated--Issues.
- § 3-12-120.2 Committee to request proposals--Designation of actuary--Date of report.
- § 3-12-120.3 Payment for review.
- § 3-12-121 Actuarial assumptions on which valuation based--Report of change.
- § 3-12-122 System funding review--Report required for specified conditions--Recommendedchanges.
- § 3-12-123 Intent to protect previously retired members of systems.
- § 3-12-124 Increase in benefits for previously retired members of systems.
- § 3-12-125 Adjustment of increase for retired members electing optional payment or earlyretirement.
- § 3-12-126 Previously retired members paid from consolidated fund.
- § 3-12-127 Members of consolidated systems entitled to benefits of prior law--Retention byadministrator of Compiled Laws and supplements.
- § 3-12-128 Citation of chapter.
- § 3-12-129 Calculating benefits of air rescue firefighter.
- § 3-12-130 Conversion of credited service.
- § 3-12-130.1 Purchase of certain public service as class B service.
- § 3-12-131 Eligibility for benefits upon becoming full-time employee within twelve months afterwithdrawal.
- § 3-12-132 Retirement benefits for certain city of Aberdeen employees.
- § 3-12-133 Aberdeen firefighters to participate in system.
- § 3-12-134 Eligible benefits for Aberdeen firefighters.
- § 3-12-135 Amount to be paid by municipality of Aberdeen.
- § 3-12-136 Funds from Aberdeen municipality considered member contributions.
- § 3-12-138 Repealed.
- § 3-12-139 No additional benefits where allowance terminated prior to July 1, 1994.
- § 3-12-140 Regaining credited service lost due to mandatory refunds.
- § 3-12-141 Employer certification of inability to provide effective accommodations orcomparable employment--Applications before July 1, 2015.
- § 3-12-142 Disability documentation inadmissible for proceedings relative to workers'compensation.
- § 3-12-143 Maximum amount of disability benefit--Reporting earned income--Applicationsbefore July 1, 2015.
- § 3-12-144 to 3-12-152. Repealed.
- § 3-12-153 Mitchell firefighters as members of system.
- § 3-12-154 Benefits for Mitchell firefighters--Improvement factor.
- § 3-12-155 Retirement of Mitchell firefighters.
- § 3-12-156 Amount of payment to system by city of Mitchell.
- § 3-12-157 Transfer of city of Mitchell firemen's pension plan funds as member contributions.
- § 3-12-158 Information required of city of Mitchell.
- § 3-12-159 Huron firefighters as members of system.
- § 3-12-160 Benefits for Huron firefighters--Improvement factor.
- § 3-12-161 Retirement of Huron firefighters.
- § 3-12-162 Amount of payment to system by City of Huron.
- § 3-12-163 Transfer of city of Huron firemen's pension plan funds as member contributions.
- § 3-12-164 Information required of city of Huron.
- § 3-12-165 to 3-12-188. Transferred.
- § 3-12-189 Supplemental pension benefit created.
- § 3-12-190 Interest rate assumption--Suspension of new supplemental pension contracts--Noright to particular price.
- § 3-12-191 Rollover of funds--Single premium--Contract effective upon signing--Payment ofbenefits.
- § 3-12-192 Type of supplemental pension benefits based on marital status.
- § 3-12-193 Annual increase in supplemental pension benefits.
- § 3-12-194 Death of participant or spouse--Lump sum distribution to beneficiaries--Time formaking claim.
- § 3-12-195 Contract purchases and benefit payments deemed qualified plan distributed annuitycontracts.
- § 3-12-196 Minimum distribution rules and annual benefit limitations.
- § 3-12-197 Applicability of certain retirement system provisions.
- § 3-12-198 Exemption from Title 58 and from securities and agent registration.
- § 3-12-199 Invalid retirement--Repayment of retirement annuity payments.
- § 3-12-200 Retired member who reenters covered employment on or after April 1, 2010--Benefits and membership.
- § 3-12-201 Disability benefits eligibility--Applications after June 30, 2015.
- § 3-12-202 Application for disability benefits--Required information--Filing deadline.
- § 3-12-203 Employer certification of inability to provide accommodations or comparableemployment.
- § 3-12-204 Health care provider certification of disability.
- § 3-12-205 Advice of disability advisory committee--Independent examination or assessment--Notice of disapproval of application.
- § 3-12-206 Notice of approval of disability benefits--Commencement of benefits.
- § 3-12-207 Calculation of disability benefits--Surviving spouse benefit.
- § 3-12-208 No credited service for disability benefit period.
- § 3-12-209 Contributions for period of employment while receiving disability benefits.
- § 3-12-210 Termination of disability benefits.
- § 3-12-211 Contributions upon return to covered employment.
- § 3-12-212 Retirement benefit of member who received disability benefits and returned tocovered employment.
- § 3-12-213 Retirement benefit of member whose disability benefits were terminated but who didnot return to covered employment.
- § 3-12-214 Family benefit where member dies before normal retirement age while receivingdisability benefits.
- § 3-12-215 Surviving spouse benefit at age sixty-five where member received disability benefits.
- § 3-12-216 Surviving spouse benefit where member dies after normal retirement age whilereceiving disability benefits.
- § 3-12-217 Transfer of funds in cement plan retirement fund.
- § 3-12-218 Members of cement plant retirement plan to be Class C members of system.
- § 3-12-219 Class C members to receive benefits as provided under cement plant retirement plan.
- § 3-12-220 Funds transferred from cement plant retirement fund considered membercontributions.
- § 3-12-221 Payment of benefits and operational expenses related to Class C members.
- § 3-12-222 Promulgation of rules to administer retirement benefits for Class C members.
- § 3-12-223 Member election to receive lump sum trustee-to-trustee payment in lieu of monthlypayments.
- § 3-12-224 Surviving spouse election to receive lump sum trustee-to-trustee payment in lieu ofmonthly payments.
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.
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