South Dakota § 3-12C-310 Privatization of governmental function.

South Dakota Statutes

§ 3-12C-310 — Privatization of governmental function.

South Dakota § 3-12C-310

Title 3PUBLIC OFFICERS AND EMPLOYEES

Ch. 3-12BSOUTH DAKOTA RETIREMENT SYSTEM

This text of South Dakota § 3-12C-310 (Privatization of governmental function.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 3-12C-310 (2026).

Text

If a participating unit determines that a governmental function is to be privatized after July 1, 1997, the participating unit must pass a resolution to that effect determining the date that its employees will cease to be public employees eligible for membership in the system. The participating unit shall notify the system and the employees affected of the resolution and, after the effective date, cease to make contributions to the system, as required in §§ 3-12C-401 and 3-12C-403 . Any member affected by privatization is entitled to the benefits accrued as of the effective date under the provisions of chapter 3-12C . For the purposes of determining eligibility for vesting and early retirement pursuant to § 3-12C-1111 , years of service with the successor employer must be considered.

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If a participating unit determines that a governmental function is to be privatized after July 1, 1997, the participating unit must pass a resolution to that effect determining the date that its employees will cease to be public employees eligible for membership in the system. The participating unit shall notify the system and the employees affected of the resolution and, after the effective date, cease to make contributions to the system, as required in §§ 3-12C-401 and 3-12C-403 . Any member affected by privatization is entitled to the benefits accrued as of the effective date under the provisions of chapter 3-12C . For the purposes of determining eligibility for vesting and early retirement pursuant to § 3-12C-1111 , years of service with the successor employer must be considered.