South Dakota § 3-13C-19 Death benefit after retirement determination--Payment amount determined.

South Dakota Statutes

§ 3-13C-19 — Death benefit after retirement determination--Payment amount determined.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-13B DEPARTMENT OF LABOR AND REGULATION EMPLOYEE RETIREMENT

Any death benefit after a participant's retirement will be determined by the form of retirement benefit in effect on that date. If the participant has a dependent child on the date of death after retirement date, payments shall be made as follows:

(1)For each dependent child of the participant with a surviving spouse, the amount of payments is equal to the least of:

(a)Sixty percent of the participant's average compensation on the date of death, divided by the number of dependent children;

(b)Seventy-five dollars; or (c) Two hundred twenty-five dollars, divided by the number of dependent children. The payments to a dependent child are in addition to the payments made to the surviving spouse; and (2) For each dependent child of a participant who does not have a spouse on the date of deat

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Any death benefit after a participant's retirement will be determined by the form of retirement benefit in effect on that date. If the participant has a dependent child on the date of death after retirement date, payments shall be made as follows: (1) For each dependent child of the participant with a surviving spouse, the amount of payments is equal to the least of: (a) Sixty percent of the participant's average compensation on the date of death, divided by the number of dependent children; (b) Seventy-five dollars; or (c) Two hundred twenty-five dollars, divided by the number of dependent children. The payments to a dependent child are in addition to the payments made to the surviving spouse; and (2) For each dependent child of a participant who does not have a spouse on the date of death, the amount of payments is equal to the least of: (a) Seventy-five percent of the participant's average compensation on the date of death, divided by the number of dependent children; (b) Ninety dollars; or (c) Two hundred seventy dollars, divided by the number of dependent children.

South Dakota § 3-13C-19 (Death benefit after retirement determination--Payment amount determined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.