37 chapters · 772 sections in this title.
SDCL § 3-12C-705 Date of application of prorated payment of COLA
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Application of prorated payment of the COLA applies only to benefits which were first payable after July 1, 1998, but before July 1, 2010. Source: SL 2010, ch 20 , § 8; SL 2017, ch 27 , § 5; SDCL § 3-12-47.4 ; SL 2019, ch 22 , § 1.
SDCL § 3-12C-706 Modified monthly benefit permitted
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The board may provide under its rules for a modified monthly benefit to a member or beneficiary in lieu of the monthly benefit payable under any provision of this chapter if the benefit is not greater than the actuarial equivalent of the benefit due the member or beneficiary unde…
SDCL § 3-12C-707 Highest annual compensation
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To calculate benefits pursuant to §§ 3-12C-805 , 3-12C-901 , and 3-12C-1004 before July 1, 2004, the system shall use the member's highest annual compensation earned by the member during any one of the last three years of contributory service, so long as it is not more than one h…
SDCL § 3-12C-708 Time of termination of benefits
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Monthly benefits paid to a member cease on the last day of the month in which the member died. Monthly benefits paid to a surviving spouse cease on the last day of the month in which the surviving spouse died. Monthly benefits paid to a child cease on the last day of the month in…