South Dakota Statutes
§ 3-12C-221 — Rights of members on termination of system or discontinuance of contributions.
If the system is terminated, or if contributions to the system are discontinued, the rights of all members to benefits that have accrued as of the date of termination or discontinuation of contributions shall vest. A member's recourse against the fund shall be limited by the extent to which the member's benefits are funded.
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South Dakota § 3-12C-221 (Rights of members on termination of system or discontinuance of contributions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1984, ch 23, § 4; SDCL §