Title 3, PUBLIC OFFICERS AND EMPLOYEES

Notwithstanding the repeal on July 1, 1974, of chapters 3-12 ; 3-13 ; 9-15 ; 13-45 ; certain provisions of chapter 16-8 ; chapter 16-11A , and certain provisions of chapter 33-13 , persons retired under those programs, and teachers retired under the provisions of chapter 51 of th…

Notwithstanding the repeal on July 1, 1974, of chapters 3-12 , 3-13 , 9-15 , 13-45 , certain provisions of chapter 16-8 , chapter 16-11A , and certain provisions of chapter 33-13 , all members of systems established thereunder are entitled to retire at the age, with the length of…

Any justice of the Supreme Court or judge of the circuit court of this state who is automatically retired pursuant to the provisions of § 16-1-4.1 or 16-6-31 , or who, having reached age seventy, retired before January 7, 1975, and who has not fully qualified for retirement benef…

Terms as used in §§ 3-12C-1608 to 3-12C-1612 , inclusive, unless the context otherwise requires, shall mean: (1) "Board of Regents' balance," the contributions from April 1, 1964, to June 30, 1975, plus accumulated interest, made by the Board of Regents and deposited on behalf of…

Nothing in §§ 3-12C-1608 to 3-12C-1612 , inclusive, shall be construed to be a termination of any contract made on behalf of the State of South Dakota and its employees by the Board of Regents. The purpose of said sections is to expand the retirement plan of the Board of Regents …

The Board of Regents shall enter into a contractual agreement with the Board of Trustees on the same basis as a new participating unit for purchase of a maximum of twenty years of service prior to April 1, 1964, pursuant to the provisions of § 3-12C-308 and subject to the provisi…

Employees of the Board of Regents shall be credited with contributory service for each year such employee participated in the retirement plan in effect between April 1, 1964, and June 30, 1975. Employees of the Board of Regents who did not participate during all the years that th…

All benefits payable pursuant to § 3-12C-1106 must be reduced by the actuarial equivalent that could be purchased by a sum of money equal to twice the value of the Board of Regents' balance payable at the member's retirement. The Board of Regents is hereby authorized, if the Boar…

The surviving spouse of a disability retiree under the Law Enforcement Officers' Retirement System as consolidated into the South Dakota Retirement System pursuant to § 3-12C-1601 shall upon the death of the member be entitled to an annuity equal to one-half the member's annuity …

On July 1, 1982, all employees of the municipality of Rapid City who are participants in the municipality of Rapid City firemen pension fund on June 30, 1982, and all retirees receiving benefits from that fund shall become members of the system. Each employee shall receive credit…

Upon retirement, each employee described in § 3-12C-1615 shall receive the greater of: (1) The member's retirement benefit calculated under this chapter; or (2) The retirement benefit calculated under the municipality of Rapid City firemen pension fund based on credited service u…

The benefits of the retirees described in § 3-12C-1615 who are entitled to receive benefits from the municipality of Rapid City firemen pension fund on July 1, 1982, shall be paid from the fund established by this chapter. Source: SL 1982, ch 37 , § 3; SL 1992, ch 60 , § 2; SDCL …

The municipality of Rapid City shall pay to the system an amount equal to the present value of all benefits earned by employees described in § 3-12C-1615 up to July 1, 1982, multiplied by the funding ratio set forth in the valuation of the actuarial requirements and financial con…

All amounts transferred to the system from the municipality of Rapid City firemen pension fund which, under the fund, were credited to the accounts of individual employees shall be considered employee contributions under this chapter. Source: SL 1982, ch 37 , § 5; SL 1992, ch 60 …

To determine the retirement benefits of Aberdeen ambulance attendants, campus security officers, and court services officers, for credited service earned prior to July 1, 1993, the benefits shall be calculated pursuant to § 3-12C-1106 and for credited service after June 30, 1993,…

On July 1, 1994, all members of the municipality of Aberdeen firemen's relief and pension fund on June 30, 1994, including all retirees and benefit recipients, shall become members of the system. Each individual shall receive credited service under the system for all service earn…

Each individual described in § 3-12C-1621 shall receive the same benefit provided by the municipality of Aberdeen firemen's relief and pension fund on June 30, 1994, and the benefit shall be increased on July 1, 1994, and thereafter in accordance with § 3-12C-703 . The benefits o…

The municipality of Aberdeen shall pay to the system an amount equal to the present value of all benefits earned by individuals described in § 3-12C-1621 up to July 1, 1994, multiplied by the funding ratio set forth in the valuation of the actuarial requirements and financial con…

Any amount transferred to the system from the municipality of Aberdeen firemen's relief and pension fund, which under the fund was credited to the accounts of individual employees, is considered a member contribution. Source: SL 1994, ch 37 , § 4; SDCL § 3-12-136; SL 2019, ch 22 …

On July 1, 1995, all members of the city of Watertown firemen pension fund as of June 30, 1995, including all retirees and benefit recipients, shall become members of the system. Each individual shall receive credited service under the system for all service earned under the city…

Each individual described in § 3-12C-1625 shall receive the same benefit under the form of annuity provided by the city of Watertown firemen pension fund in effect on June 30, 1995, which benefit shall be increased on July 1, 1995, and thereafter in accordance with § 3-12C-703 . …

The city of Watertown shall pay to the system an amount equal to the present value of all benefits earned by individuals described in § 3-12C-1625 prior to July 1, 1995, and multiplied by the funding ratio set forth in the valuation of the actuarial requirements and financial con…

Any amount transferred to the system from the city of Watertown firemen pension fund, which under the fund was credited to the accounts of individual employees, is considered a member contribution. Source: SL 1995, ch 19 , § 4; SDCL § 3-12-62.13; SL 2019, ch 22 , § 1; SL 2025, ch…

On July 1, 1996, all members of the City of Mitchell firemen's pension plan as of June 30, 1996, including all retirees, vested inactive members, and benefit recipients, shall become members of the system. Each member shall receive credited service under the system for all servic…

Each retired member or benefit recipient described in § 3-12C-1629 shall receive the same benefit under the form of annuity provided by the city of Mitchell firemen's pension plan as in effect on June 30, 1996, except for the COLA. Each benefit shall be increased on July 1, 2008,…

Upon retirement, each member described in § 3-12C-1629 who is a vested inactive member on July 1, 1996, or an active firefighter in the employ of the city of Mitchell on July 1, 1996, shall receive the greater of: (1) The member's retirement benefit calculated under this chapter;…

The city of Mitchell shall pay to the system an amount equal to the present value of all benefits earned by the members described in § 3-12C-1629 up to July 1, 1996, multiplied by the funding ratio set forth in the valuation of the actuarial requirements and financial condition o…

Any amount transferred to the system from the city of Mitchell firemen's pension plan, which under the plan was credited to the accounts of individual employees, is considered a member contribution. Source: SL 1996, ch 28 , § 5; SDCL § 3-12-157; SL 2019, ch 22 , § 1; SL 2025, ch …

For purposes of payment of retiree benefits pursuant to § 3-12C-1630 and to calculate the minimum benefit pursuant to § 3-12C-1631 , the city of Mitchell shall provide the following information: (1) Each retired firefighter's benefit as of June 30, 1996, plus that benefits' COLA;…

On July 1, 1998, all members of the city of Huron firemen pension fund as of June 30, 1998, including all retirees, any deferred vested members and any benefit recipients, shall become members of the system. Each active member shall receive credited service under the system for a…

Each retired member, any benefit recipient, or any deferred vested member described in § 3-12C-1635 and in such status before July 1, 1998, shall receive the member's previously selected annuity option as provided under the city of Huron firemen pension fund as in effect on June …

Upon retirement, each member described in § 3-12C-1635 who is an active firefighter in the employ of the city of Huron on July 1, 1998, shall receive the greater of: (1) The member's retirement benefit calculated under this chapter; or (2) The member's retirement benefit calculat…

The city of Huron shall pay to the system an amount equal to the present value of all benefits earned by the members described in § 3-12C-1635 up to July 1, 1998, multiplied by the funding ratio set forth in the valuation of the actuarial requirements and financial condition of t…

Any amount transferred to the system from the city of Huron firemen pension fund, which under the fund was credited to the accounts of individual members, is considered a member contribution. Source: SL 1998, ch 22 , § 5; SDCL § 3-12-163; SL 2019, ch 22 , § 1; SL 2025, ch 27 , § …

For purposes of payment of retirement or other benefits pursuant to § 3-12C-1636 and to calculate the minimum benefit pursuant to § 3-12C-1637 , the city of Huron shall provide the following information: (1) Each retired firefighter's benefit and form of payment as of June 30, 19…

Notwithstanding the provisions of § 3-12C-306 , any employee of the municipality of Sioux Falls who begins working after June 30, 2013, as a full-time employee shall be a member of the system if the municipality of Sioux Falls elects to be a participating unit by a duly passed re…

Upon receipt of the appropriation pursuant to SL 2014, ch 21, § 1, the state treasurer shall transfer the balance of the funds of the cement plant retirement fund to the South Dakota Retirement System trust fund. Source: SL 2014, ch 21 , § 2, eff. Apr. 1, 2014; SDCL § 3-12-217 SL…

On April 1, 2014, all members of the cement plant retirement plan, including any retiree and any vested member, become Class C members of the system. The administration of retirement benefits for Class C members shall continue with the system. Source: SL 2014, ch 21 , § 3, eff. A…

Each Class C member shall receive the same benefit as provided pursuant to the member's respective cement plant retirement plan as in effect on June 30, 2013. The benefits of any Class C member and the member's beneficiaries shall be paid from the fund established by this chapter…

Any amount transferred to the system from the cement plant retirement fund pursuant to § 3-12C-1642 , which under the cement plant retirement plan was credited to the accounts of individual members, is considered a member contribution. Source: SL 2014, ch 21 , § 5, eff. Apr. 1, 2…

Notwithstanding the provisions of § 3-12C-210 , any benefit payments and any operational expenses related to Class C members shall be paid from the fund established by this chapter. Source: SL 2014, ch 21 , § 6, eff. Apr. 1, 2014; SDCL § 3-12-221 ; SL 2019, ch 22 , § 1.

The board may, pursuant to chapter 1-26 , adopt rules to establish uniform procedures for the administration of the retirement benefits of Class C members. Source: SL 2014, ch 21 , § 7, eff. Apr. 1, 2014; SDCL § 3-12-222 ; SL 2019, ch 22 , § 1.

Any vested member of the state cement plant retirement plan may elect to receive a lump sum trustee-to-trustee payment in lieu of monthly retirement benefit payments. The amount of the lump sum trustee-to-trustee payment shall be determined by the system's actuary based on the ac…

Upon the death of a vested member of the state cement plant retirement plan who died prior to starting a monthly retirement benefit, the member's surviving spouse may elect a lump sum trustee-to-trustee payment in lieu of monthly surviving spouse benefit payments. The amount of t…

As of July 1, 2020, each member of the Department of Labor and Regulation employees’ retirement plan, including any retiree and any vested member, is a Class D member of the system. No additional member may be added to Class D. The administration of retirement benefits for Class …

Each Class D member shall receive the same benefit as provided pursuant to the Department of Labor and Regulation employees’ retirement plan as in effect on June 30, 2020, and in accordance with chapter 3-13C. Each Class D member's benefit shall be annually increased by the COLA …