2014 South Dakota Codified Laws
Title 3 - PUBLIC OFFICERS AND EMPLOYEES
Chapter 12 - South Dakota Retirement System
§ 3-12-95.5 Surviving spouse benefit at age sixty-five where contributing member dies after June30, 2015.
3-12-95.5. Surviving spouse benefit at age sixty-five where contributing member dies after June 30, 2015. If no family benefit is being paid pursuant to § 3-12-95.4, a surviving spouse of a contributing member who died after June 30, 2015, shall, upon attaining the age sixty-five, receive a surviving spouse benefit calculated as follows, whichever is applicable:
(1) If a family benefit had been paid, sixty percent of the family benefit paid at the time the family benefit ended, increased by the improvement factor from the date the last family benefit was paid; or
(2) If a family benefit had not been paid, sixty percent of the amount calculated pursuant to subsection (a) or (b), whichever is greater, increased by the improvement factor from the date of the member's death:
(a) Twenty-five percent of the member's final average compensation at the time of the member's death; or
(b) The member's unreduced accrued retirement benefit at the time of the member's death.
The surviving spouse benefit shall be paid in monthly installments for the life of the surviving spouse.
Source: SL 2014, ch 20, § 18.
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.
