SOUTH DAKOTA RETIREMENT SYSTEM
3-12-2 to 3-12-45. Repealed.
Previous retirement systems consolidated--Purpose.
Definition of terms.
Effect of credited service provision.
Refund for purchase cost of noncontributing service.
Date of application of prorated payment of interest.
Date of application of prorated payment of improvement factor.
Board of Trustees created--Composition.
Election of trustees--Terms of office.
Oath of office of trustees.
Compensation and expenses of trustees.
Meetings of board--Chair and vice chair--Votes required for decision.
Resignation of trustee due to loss of qualifying status--Filling of vacancy.
System managed by board--Standard of conduct--Legal advice.
Appointment and term of administrator--Salary--Employment of personnel--Bond of
Applications to administrator for membership or benefits.
Grievance procedure--Administrative and judicial review.
Rules for administration.
Confidentiality of records--Exceptions.
Record of board proceedings--Biennial report.
Business name of system--Treasurer.
Expense fund continued--Transfer from retirement system fund--Report of budget--Appropriation and disbursement for expenses.
Employees included as members of system.
Department of Labor and Regulation employees--Membership in system--Benefits
and credited service.
Rapid City firemen--Membership in system--Benefits and credited service.
Rapid City firemen--Retirement benefits--Normal retirement age.
Rapid City firemen--Payments from public employees retirement fund.
Rapid City firemen--Payments by Rapid City.
Rapid City firemen--Crediting of transfers from Rapid City pension fund.
Conservation officers--Calculation of benefits.
Benefits of conservation officers employed by Department of Game, Fish and Parks,
Division of Custer State Park, and park rangers--Credited service.
Watertown firemen pension fund members--Credited service.
Watertown firemen--Benefits paid from the system--Minimum benefit.
Watertown firemen--Payments by Watertown.
Watertown firemen--Crediting transfers from city of Watertown firemen pension
Officers and employees excluded from membership in the system.
Elective officers permitted to join system--Service credited.
Continuation of previously established retirement plan of political subdivision or
public corporation--Vote of employees required to participate in consolidated system.
Newly established retirement plans of political subdivisions and public corporations
to participate in consolidated system.
Election by political subdivision or public corporation to participate in consolidated
Coverage of joint employees of participating and nonparticipating political
Accrued benefit deposit required when political subdivision or public corporation
joins consolidated system--Participation by employees--Deferred payment of deposit.
Board of Regents employees--Definition of balances.
Existing regents' contracts preserved--Expansion of retirement plan--Transition.
Contract for purchase of service for Board of Regents.
Contributory service credited to Board of Regents employees--Eligibility of
nonparticipating employees--Qualification for prior credited service.
Normal retirement allowance reduced by actuarial equivalent--Deposit of individual
Effective date of participation of employees of participating unit.
Rate of contributions--Deduction from pay--Employer to make members'
Monthly transmission of contributions--Deposit in fund.
Use of fund restricted.
Rights of members on termination of system or discontinuance of contributions.
Diversion of funds prohibited--Legislative policy.
Privatization of governmental function.
Service records and employee information furnished by employers.
Deduction of delinquent contributions from payments due from state--Penalty and
Retirement allowance to terminated member with vested right--Calculation.
Withdrawal of accumulated contributions on termination of public service--Exception.
Withdrawal of accumulated contributions by member who does not terminate public
Application of forfeitures.
Distribution by direct rollover.
Contributions left in system on termination of employment without vested right--Maximum period--Forfeiture.
Uncollected payments from system--Reversion.
Forfeiture of contributions to predecessor system.
Reinstatement of terminated rights.
Early withdrawal precludes additional refund.
Prior service credit on return of nonvested member to employment.
Redeposit of contributions by member returning to service--Time of redeposit.
Reemployment of retired member--Termination of relationship with initial
participating unit--Hiring procedures.
Retirement allowances for members who reentered covered employment between
July 1, 2004 and April 1, 2010.
Purchase of prior service credit--Calculation of amount due.
Purchase of prior service credit on tax-deferred basis.
Purchase of prior service credit by member of tax-qualifying purchase unit.
Purchase of prior service credit for public service not covered by retirement plan.
Acquisition of credited service through transfer of funds--Requirements.
Purchase of nonqualified permissive service credit allowed.
Acquisition of credited service for members mobilized into certain federal military
Service credit for leave of absence--Contributions to cover period of absence.
Credited service for leave of absence due to qualified military service--Return to
employment after discharge.
Death or disability of member on leave of absence due to qualified military service--Return to service date and benefits.
Valuation of purchased prior service credit--Installment payments--Death of member--Adjustment when installments not paid.
Benefits increased by improvement factor--Increase elimination.
Uniform application of service credit rules.
Rules regulating maximum annual benefit required.
Commencement of benefits on early or normal retirement--Termination of benefits--Maximum retroactive benefits on late application.
to 3-12-90.5. Repealed.
to 3-12-90.8. Repealed.
Amount of normal retirement allowance for class A members.
Additional contribution by participating unit.
Amount of normal retirement allowance for certain class B members.
Penitentiary correctional staff benefits.
Calculation of benefits for sheriffs and deputies--Prior elective rights preserved.
Calculation of benefits of parole agent.
Amount of retirement allowance for justice, judge, or magistrate judge.
Adjustments in allowance for certain retirees based on time and circumstances of
Amount of benefits for justice or judge mandatorily retired.
Spouse's allowance on death of member after retirement age.
Allowance to surviving spouse of law enforcement officer retired for disability.
Family benefits payable on death of contributing member before retirement.
Benefits payment on minor's behalf to be made to custodian or conservator.
Benefits payable directly to child at age eighteen--Elimination upon ineligibility.
Elimination of family benefit as children become ineligible.
Deductions of member's primary social security from benefits.
Family benefits in lieu of other death benefits--Election by designated beneficiary to
withdraw accumulated contributions.
Eligibility for disability allowance--Filing deadline.
Amount of monthly disability allowance.
Elimination or addition of disability allowances pertaining to children.
Criteria for determining disability--Uniform application.
Deduction of other public benefits from disability allowance--Reduction when
children become ineligible--Amount of allowance.
Conversion of disability allowance to normal retirement allowance at retirement age.
Termination of disability allowance.
Election of additional survivor protection--Commencement and termination of
Extension of survivor protection option to current contributing members--Limitation
on future extensions.
New enrollments in additional survivor protection prohibited.
Amount of additional survivor protection benefits--Termination.
Early retirement--Reduction of monthly payments.
Adjustment of early retirement benefits so greater initial benefits equal later lesser
benefits when combined with social security.
Modified monthly allowance permitted--Time and effect of election.
Duplicate benefits prohibited unless from another member's contributions.
Balance of accumulated contributions refunded to beneficiary or family--Reversion
to system of unclaimed payments.
Suspension of retirement allowance during reemployment prior to July 1, 2004--Recalculation of additional allowance.
Suspension of retirement allowance during reemployment for members who
reentered employment between July 1, 2004 and April 1, 2010--Allowance upon
Benefits payable only as monthly allowance--Lump-sum payments prohibited unless
Time of termination of benefits.
Correction of errors--Adjustment to actuarial equivalent.
Exemption of contributions and benefits from taxation and process.
Lump-sum payments where designated beneficiary does not survive member--Reversion to system of unclaimed payments.
Investment of assets by investment council--Pooling of funds--Standards for
investment--Compliance with federal divestiture enactments.
Quadrennial independent report on investment performance--Contents of report.
Alternative benefit enhancement methodology.
Review of investment policy when return lower than average--Report to Governor
Annual actuarial valuation of system--Scope of valuation.
Independent actuarial review of retirement system mandated--Issues.
Committee to request proposals--Designation of actuary--Date of report.
Payment for review.
Actuarial assumptions on which valuation based--Report of change.
System funding review--Report required upon existence of specified conditions--Recommended changes.
Intent to protect previously retired members of systems.
Increase in benefits for previously retired members of systems.
Adjustment of increase for retired members electing optional payment or early
Previously retired members paid from consolidated fund.
Members of consolidated systems entitled to benefits of prior law--Retention by
administrator of Compiled Laws and supplements.
Citation of chapter.
Calculating benefits of air rescue firefighter.
Conversion of credited service.
Purchase of certain public service as class B service.
Eligibility for benefits upon becoming full-time employee within twelve months after
Retirement benefits for certain city of Aberdeen employees.
Aberdeen firefighters to participate in system.
Eligible benefits for Aberdeen firefighters.
Amount to be paid by municipality of Aberdeen.
Funds from Aberdeen municipality considered member contributions.
No additional benefits where allowance terminated prior to July 1, 1994.
Regaining credited service lost due to mandatory refunds.
Employer certification of inability to provide effective accommodations or
Disability documentation inadmissible for proceedings relative to workers'
Maximum amount of disability allowance--Reporting earned income.
to 3-12-152. Repealed.
Mitchell firefighters as members of system.
Benefits for Mitchell firefighters--Improvement factor.
Retirement of Mitchell firefighters.
Amount of payment to system by city of Mitchell.
Transfer of city of Mitchell firemen's pension plan funds as member contributions.
Information required of city of Mitchell.
Huron firefighters as members of system.
Benefits for Huron firefighters--Improvement factor.
Retirement of Huron firefighters.
Amount of payment to system by City of Huron.
Transfer of city of Huron firemen's pension plan funds as member contributions.
Information required of city of Huron.
to 3-12-188. Transferred.
Supplemental pension benefit created.
Interest rate assumption--Suspension of new supplemental pension contracts--No
right to particular price.
Rollover of funds--Single premium--Contract effective upon signing--Payment of
Type of supplemental pension benefits based on marital status.
Annual increase in supplemental pension benefits.
Death of participant or spouse--Lump sum distribution to beneficiaries--Time for
Contract purchases and benefit payments deemed qualified plan distributed annuity
Minimum distribution rules and annual benefit limitations.
Applicability of certain retirement system provisions.
Exemption from Title 58 and from securities and agent registration.
Invalid retirement--Repayment of retirement annuity payments.
Retired member who reenters covered employment on or after April 1, 2010--Benefits and membership.