South Dakota § 3-12C-311 Privatization of governmental function--Member’s acquisition of service credit--Retirement while continuing private employment.

South Dakota Statutes

§ 3-12C-311 — Privatization of governmental function--Member’s acquisition of service credit--Retirement while continuing private employment.

South Dakota § 3-12C-311

Title 3PUBLIC OFFICERS AND EMPLOYEES

Ch. 3-12BSOUTH DAKOTA RETIREMENT SYSTEM

This text of South Dakota § 3-12C-311 (Privatization of governmental function--Member’s acquisition of service credit--Retirement while continuing private employment.) 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-311 (2026).

Text

Acquisition of years of service toward vesting or early retirement granted, pursuant to § 3-12C-310 , ceases upon the member's termination of employment with the private employer, even if the member later returns to employment with the employer. A member in continuing employment with the private employer need not terminate the private employment to receive a retirement benefit from the system. The member may not acquire additional years of service after the member begins receiving the benefit.

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Acquisition of years of service toward vesting or early retirement granted, pursuant to § 3-12C-310 , ceases upon the member's termination of employment with the private employer, even if the member later returns to employment with the employer. A member in continuing employment with the private employer need not terminate the private employment to receive a retirement benefit from the system. The member may not acquire additional years of service after the member begins receiving the benefit.