59 chapters · 1,120 sections in this title.
SDCL § 9-16-1 Petition for adoption of city retirement system--Submission to voters at election--Adoption on approval by majority
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Upon the filing with the auditor of any municipality of the first class of a petition signed by fifteen percent of the registered voters of such municipality, based upon the total number of registered voters at the last preceding general election, the governing body shall submit …
SDCL § 9-16-10 Investment of moneys of retirement system
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All moneys belonging to the retirement system not required for the payment of current annuities, pensions, retirement allowances, other benefits, or administrative expenses in lieu thereof may be invested. Source: SL 1925, ch 239 , § 5; SL 1937, ch 177 ; SDC 1939, § 45.1202; SL 1…
SDCL § 9-16-11 Previously granted pensions as obligation of retirement system
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All pensions granted by a first or second class municipality prior to the adoption of a retirement system under § 9-16-3 shall become an obligation of the retirement system adopted by said municipality under said section. Source: SL 1949, ch 183 , § 6; SDC Supp 1960, § 45.1204-2;…
SDCL § 9-16-2 Conversion of pension law to retirement system without voters' authorization
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A first or second class municipality which has, prior to July 1, 1949, adopted the city retired employees' and officers' pension law under the provisions of statutes then in force may establish a retirement system under this chapter without further authorization. Source: SDC 1939…