South Dakota § 3-12C-503 Credited service defined--Generational members.

South Dakota Statutes

§ 3-12C-503 — Credited service defined--Generational members.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA RETIREMENT SYSTEM

For any generational member, "credited service" means the sum of the following:

(1)Years of service, or fractions thereof, for which a member contribution was made to the system;

(2)Any period of authorized leave of absence or sick leave with pay, for which a deduction for any member contribution was made, deposited, and credited to the fund;

(3)Any period of authorized leave of absence or sick leave without pay or temporary layoff, during or for which a member obtained credit by payments to the fund made in lieu of salary deductions; and (4) Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the requirements set forth in § 3-12C-514 .

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For any generational member, "credited service" means the sum of the following: (1) Years of service, or fractions thereof, for which a member contribution was made to the system; (2) Any period of authorized leave of absence or sick leave with pay, for which a deduction for any member contribution was made, deposited, and credited to the fund; (3) Any period of authorized leave of absence or sick leave without pay or temporary layoff, during or for which a member obtained credit by payments to the fund made in lieu of salary deductions; and (4) Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the requirements set forth in § 3-12C-514 .

South Dakota § 3-12C-503 (Credited service defined--Generational members.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.