South Dakota Statutes
§ 3-12C-701 — Benefits only payable monthly--Lump-sum payments prohibited unless specified.
South Dakota § 3-12C-701
This text of South Dakota § 3-12C-701 (Benefits only payable monthly--Lump-sum payments prohibited unless specified.) 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-701 (2026).
Text
A member in the system may claim the benefits provided for in this chapter only in the form of a monthly benefit payment and only after such time as these benefits are payable. Unless otherwise specifically provided, no member or a former member of the system may receive a lump-sum cash payment in lieu of the normal retirement benefit.
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Legislative History
SL 1967, ch 303, § 8; SDCL § 3-12-29; SL 1968, ch 216, § 1; SL 1970, ch 25, § 7; SL 1974, ch 35, § 66; SL 2017, ch 27, § 22; SDCL §
Nearby Sections
15
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Bluebook (online)
South Dakota § 3-12C-701, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/3-12C-701.