South Dakota § 3-12C-808 Conversion of disability benefit to retirement benefit--Credited service--Applications before July 1, 2015.

South Dakota Statutes

§ 3-12C-808 — Conversion of disability benefit to retirement benefit--Credited service--Applications before July 1, 2015.

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

When a member who is receiving a disability benefit reaches age sixty-five, or at a later date if there are no eligible children, or if over age sixty at the time of commencement of disability, after a period of five years, the member's disability benefit must be terminated and thereafter the member must receive the benefit payable for service retirement at that age, calculated on the projected compensation and projected service. If a member who received a disability benefit returns to employment prior to normal retirement age, the member's credited service must include the time of disability. If a member receiving a disability benefit ceases to be disabled, elects to convert to a retirement benefit, or is converted to a retirement benefit pursuant to this section, the disability benefit i

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When a member who is receiving a disability benefit reaches age sixty-five, or at a later date if there are no eligible children, or if over age sixty at the time of commencement of disability, after a period of five years, the member's disability benefit must be terminated and thereafter the member must receive the benefit payable for service retirement at that age, calculated on the projected compensation and projected service. If a member who received a disability benefit returns to employment prior to normal retirement age, the member's credited service must include the time of disability. If a member receiving a disability benefit ceases to be disabled, elects to convert to a retirement benefit, or is converted to a retirement benefit pursuant to this section, the disability benefit is terminated. The member shall receive credited service for the period that the member receives a disability benefit, except as provided for in this section, and not beyond the member’s normal retirement age. The provisions of this section apply to any member whose application for disability benefits is received by the system prior to July 1, 2015.

South Dakota § 3-12C-808 (Conversion of disability benefit to retirement benefit--Credited service--Applications before July 1, 2015.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.