South Dakota Statutes

§ 3-12C-402 — Additional contribution for foundation members.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA RETIREMENT SYSTEM
Each participating unit shall make an additional contribution in the amount of six and two-tenths percent of any foundation member's compensation in each calendar year that exceeds the maximum taxable amount for social security for the calendar year. The additional contribution may be made only for Class A foundation members and may not be treated as an employer contribution.

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South Dakota § 3-12C-402 (Additional contribution for foundation members.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2002, ch 23, § 5; SL 2016, ch 32, § 37; SDCL § 3-12-91.1; SL 2019, ch 22, § 1; SL 2025, ch 27, § 29.

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