South Dakota Statutes

§ 3-12C-511 — Purchase of nonqualified permissive service credit allowed.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA RETIREMENT SYSTEM
Notwithstanding the restrictions contained in §§ 3-12C-504 and 3-12C-509 , a current contributing member with over five years of contributory service in the system may purchase nonqualified permissive service credit as defined in and pursuant to the provisions of § 415(n) of the Internal Revenue Code.

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South Dakota § 3-12C-511 (Purchase of nonqualified permissive service credit allowed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2003, ch 94, § 2; SL 2009, ch 21, § 1; SL 2013, ch 20, § 9; SDCL §

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