South Dakota § 9-16-5.1 Contributions to system--Amount required.

South Dakota Statutes

§ 9-16-5.1 — Contributions to system--Amount required.

South Dakota § 9-16-5.1

Title 9MUNICIPAL GOVERNMENT

Ch. 9-16CITY RETIREMENT SYSTEMS AND PENSIONS

This text of South Dakota § 9-16-5.1 (Contributions to system--Amount required.) 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 § 9-16-5.1 (2026).

Text

Total contributions in each year to a retirement system subject to this chapter shall be sufficient to fund the following:

(1)The administrative cost of the plan during the year;

(2)The actuarially determined cost of future benefits accruing to members during the year; and (3) An amount sufficient to amortize any unfunded liability of the system over a period not to exceed forty years on the basis of reasonable and generally accepted actuarial assumptions.

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Total contributions in each year to a retirement system subject to this chapter shall be sufficient to fund the following: (1) The administrative cost of the plan during the year; (2) The actuarially determined cost of future benefits accruing to members during the year; and (3) An amount sufficient to amortize any unfunded liability of the system over a period not to exceed forty years on the basis of reasonable and generally accepted actuarial assumptions.