South Dakota § 3-12C-1206 Normal retirement benefit for generational members for Class B credited service as justice, judge, or magistrate judge.

South Dakota Statutes

§ 3-12C-1206 — Normal retirement benefit for generational members for Class B credited service as justice, judge, or magistrate judge.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA RETIREMENT SYSTEM

Upon retirement, a generational member shall receive a normal retirement benefit, commencing at normal retirement age or thereafter, equal to three and three hundred thirty-three thousands percent of final average compensation for the first fifteen years of Class B credited service as a justice, judge, or magistrate judge and two percent of final average compensation for each year of Class B credited service as a justice, judge, or magistrate judge in excess of fifteen years.

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Upon retirement, a generational member shall receive a normal retirement benefit, commencing at normal retirement age or thereafter, equal to three and three hundred thirty-three thousands percent of final average compensation for the first fifteen years of Class B credited service as a justice, judge, or magistrate judge and two percent of final average compensation for each year of Class B credited service as a justice, judge, or magistrate judge in excess of fifteen years.

South Dakota § 3-12C-1206 (Normal retirement benefit for generational members for Class B credited service as justice, judge, or magistrate judge.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.