South Dakota § 3-12C-408 Accumulated contributions defined for generational members.

South Dakota Statutes

§ 3-12C-408 — Accumulated contributions defined for generational members.

South Dakota § 3-12C-408

Title 3PUBLIC OFFICERS AND EMPLOYEES

Ch. 3-12BSOUTH DAKOTA RETIREMENT SYSTEM

This text of South Dakota § 3-12C-408 (Accumulated contributions defined for generational members.) 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-408 (2026).

Text

For any generational member, the term, accumulated contributions, means the sum of:

(1)All contributions made by the member;

(2)Eighty-five percent of the contributions made by the member's employer if the member has three years or more of contributory service or noncontributory service, or fifty percent of the contributions made by the employer if the member has less than three years of contributory service or noncontributory service;

(3)Member credited service purchases pursuant to §§ 3-12C-504 , 3-12C-509 , and 3-12C-511 ; and (4) The effective rate of interest on the sum of subdivisions (1), (2), and (3).

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For any generational member, the term, accumulated contributions, means the sum of: (1) All contributions made by the member; (2) Eighty-five percent of the contributions made by the member's employer if the member has three years or more of contributory service or noncontributory service, or fifty percent of the contributions made by the employer if the member has less than three years of contributory service or noncontributory service; (3) Member credited service purchases pursuant to §§ 3-12C-504 , 3-12C-509 , and 3-12C-511 ; and (4) The effective rate of interest on the sum of subdivisions (1), (2), and (3).