reglab/housing_qa huggingface dataset:
SD Codified L § 3-12C-308 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-308 - Accrued benefit deposit required when political subdivision or public corporation joins consolidated system--Participation by employees--Deferred payment of deposit.

3-12C-308. Accrued benefit deposit required when political subdivision or public corporation joins consolidated system--Participation by employees--Deferred payment of deposit.Employees of an eligible political subdivision or public corporation not participating in the systems consolidated into the system created by this chapter, may become a participating unit in the system if the unit commits to deposit an amount equal to the present value of benefits earned to date, based on the employee's prior service to the unit to be covered by the system. The expense of the actuarial determination of this amount shall be borne by the applicant. All eligible employees of an applicant shall participate in the system upon admission. If the unit is unable to deposit this amount in a single sum, the unit shall have the option to pay the amount by periodic level installments over a period up to twenty years, the value of which, when discounted for compound interest at the assumed rate of return, is equal to the amount due at the date of participation. Source: SL 1967, ch 303, §10; SDCL §3-12-36; SL 1968, ch 216, §1; SL 1974, ch 35, §27; SL 2004, ch 42, §12; SL 2016, ch 31, §9; SDCL §3-12-69; SL 2019, ch 22, §§43, 45.
SD Codified L § 3-12C-309 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-309 - Effective date of participation of employees of participating unit.

3-12C-309. Effective date of participation of employees of participating unit.The date when the participation of the employees of a participating unit may commence shall be at the beginning of the first month of a calendar quarter. Source: SL 1967, ch 303, §10; SDCL §3-12-37; SL 1968, ch 216, §1; SL 1974, ch 35, §28; SL 2009, ch 20, §1; SDCL §3-12-70; SL 2019, ch 22, §1.
SD Codified L § 3-12C-310 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-310 - Privatization of governmental function.

3-12C-310. Privatization of governmental function.If a participating unit determines that a governmental function is to be privatized, the participating unit shall pass a resolution to that effect determining the date that its employees will cease to be public employees eligible for membership in the system. The participating unit shall notify the system and the employees affected of the resolution and, after the effective date, cease to make contributions to the South Dakota Retirement System as required in §§3-12C-401 and 3-12C-403. Any member affected by privatization is entitled to the benefits accrued as of the effective date under the provisions of chapter 3-12C. For the purposes of determining eligibility for vesting and early retirement pursuant to §3-12C-1111, years of service with the successor employer shall be considered. Source: SL 1997, ch 30, §1; SL 2016, ch 31, §11; SDCL §3-12-72.4; SL 2019, ch 22, §1.
SD Codified L § 3-12C-401 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-401 - Rate of contributions--Deduction from pay--Employer to make members' contributions.

3-12C-401. Rate of contributions--Deduction from pay--Employer to make members' contributions.Any employee included in §3-12C-301 shall make a contribution to the system, except as specified in §3-12C-1405, and the employer shall make an equal contribution to the system, except as otherwise specified, at the following rates:(1)Class A members: five percent of compensation through June 30, 2002, and six percent of compensation after June 30, 2002;(2)Justices, judges, and magistrate judges: nine percent of compensation;(3)All other Class B members: eight percent of compensation.The employer shall cause to be deducted on each payroll of the employee for each payroll period the contribution payable by the employee as provided in this section.Except for those contributions specified in §3-12C-1405, contributions required of employees by this section shall be made by the participating unit pursuant to the provisions of §414(h)(2) of the Internal Revenue Code. The contributions shall be classified as employee contributions for all purposes under this chapter. An employee may not receive the amount of the contributions directly rather than as contributions under this section. Source: SL 1967, ch 303, §5; SDCL §§3-12-22, 3-12-23; SL 1968, ch 216, §1; SL 1974, ch 35, §29; SL 1977, ch 31, §5; SL 1982, ch 38; SL 1984, ch 23, §2; SL 1989, ch 38, §8; SL 2000, ch 23, §1; SL 2010, ch 23, §5, eff. Apr. 1, 2010; SL 2013, ch 20, §6; SDCL §3-12-71; SL 2019, ch 22, §1; SL 2020, ch 12, § 7.
SD Codified L § 3-12C-402 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-402 - Additional contribution for foundation members by participating unit.

3-12C-402. Additional contribution for foundation members by participating unit.Each participating unit shall make an additional contribution in the amount of six and two-tenths percent of any foundation member's compensation in each calendar year that exceeds the maximum taxable amount for social security for the calendar year. The additional contributions shall be made only for Class A foundation members and may not be treated as employer contributions. Source: SL 2002, ch 23, §5; SL 2016, ch 32, §37; SDCL §3-12-91.1; SL 2019, ch 22, §1.
SD Codified L § 3-12C-403 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-403 - Monthly transmission of contributions--Deposit in fund.

3-12C-403. Monthly transmission of contributions--Deposit in fund.All employee and employer contributions to the system and the necessary supporting data shall be transmitted by the employer at least monthly to the system. Each monthly transmission for each respective calendar month shall be completed by the fifteenth day of the following month. All supporting data shall be transmitted electronically in a format determined by system personnel. All contributions shall be deposited with the state treasurer in the fund established to administer this chapter. If any participating unit fails to deliver contributions with respect to compensation paid in any month and the necessary supporting data by the fifteenth day of the following month, the participating unit shall pay to the system a penalty equal to five percent of the delinquent contributions. The delinquent contributions and the penalty shall bear interest at the assumed rate of return from the date due until the date paid. In calculating accumulated contributions, all contributions with respect to compensation paid in any fiscal year shall be included in the calculation of interest credited for that fiscal year. Source: SL 1959, ch 84, §28; SDC Supp 1960, §15.3932 (3); SL 1961, ch 255, §29; SL 1965, ch 220, §21; SL 1967, ch 50, §4; SL 1967, ch 303, §5; SDCL §§3-12-22 to 3-12-24, 3-12-28, 9-15-49, 13-45-32; SL 1968, ch 216, §1; SL 1970, ch 25, §4; SL 1974, ch 35, §30; SL 1978, ch 32, §1; SL 1986, ch 38; SL 2008, ch 20, §7, eff. Jan. 1, 2009; SL 2016, ch 31, §10; SDCL §3-12-72; SL 2019, ch 22, §1.
SD Codified L § 3-12C-404 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-404 - Deduction of delinquent contributions from payments due from state--Penalty and interest.

3-12C-404. Deduction of delinquent contributions from payments due from state--Penalty and interest.If any participating unit becomes delinquent thirty or more days by failure or refusal to pay any amounts due to the system, the state treasurer shall, upon certification by the executive director of the delinquency, withhold and deduct the amount of the delinquency, penalty, and interest as specified in §3-12C-403 from the next succeeding payment or payments of any money in the hands of the state treasurer due and payable to the participating unit. Source: SL 1959, ch 84, §30; SDC Supp 1960, §15.3934 (2); SL 1967, ch 50, §5; SDCL §13-45-38; SL 1970, ch 25, §13; SDCL Supp, §3-12-23.1; SL 1974, ch 35, §32; SL 2008, ch 20, §8, eff. Jan. 1, 2009; SL 2016, ch 31, §12; SDCL §3-12-74; SL 2019, ch 22, §1.
SD Codified L § 3-12C-405 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-405 - Service records and employee information furnished by employers.

3-12C-405. Service records and employee information furnished by employers.The officers responsible for the personnel records of employees of each participating unit shall file with the Board of Trustees, in such form as the board shall from time to time prescribe, a detailed statement of all service rendered by each eligible employee of the system; and shall furnish such other information as the board shall from time to time require in the operation of the system. Source: SL 1967, ch 303, §10; SDCL §3-12-39; SL 1968, ch 216, §1; SL 1974, ch 35, §31; SDCL §3-12-73; SL 2019, ch 22, §1.
SD Codified L § 3-12C-406 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-406 - Knowing transmission of report with excluded compensation as misdemeanor.

3-12C-406. Knowing transmission of report with excluded compensation as misdemeanor.Any person or employer who transmits a report of compensation to the system knowing that some or all of the compensation is excluded by §3-12C-105, is guilty of a Class 1 misdemeanor. Source: SL 2017, ch 28, §5; SDCL §3-12-47.13; SL 2019, ch 22, §1.
SD Codified L § 3-12C-407 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-407 - Accumulated contributions defined for foundation members.

3-12C-407. Accumulated contributions defined for foundation members.For any foundation member, the term, accumulated contributions, means the sum of:(1)All contributions made by the member, including member contributions made by an employer after June 30, 1984, pursuant to §3-12C-401;(2)For a member whose contributory service concluded after June 30, 2010, eighty-five percent of the employer contributions or noncontributory service if the member had three years or more of contributory service and fifty percent of the employer contributions if the member had less than three years of service; or for a member whose contributory service concluded before July 1, 2010, one hundred percent of the employer contributions or noncontributory service if the member had three years or more of contributory service and seventy-five percent of the employer contributions if the member had less than three years of service;(3)Member redeposits and member credited service purchases pursuant to §§3-12C-504, 3-12C-509, and 3-12C-511; and(4)The effective rate of interest earned on the sum of subdivisions (1), (2), and (3). Source: SL 2016, ch 32, §24; SDCL §3-12-89.2; SL 2019, ch 22, §§19, 45.
SD Codified L § 3-12C-408 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-408 - Accumulated contributions defined for generational members.

3-12C-408. Accumulated contributions defined for generational members.For any generational member, the term, accumulated contributions, means the sum of:(1)All contributions made by the member;(2)Eighty-five percent of the contributions made by the member's employer if the member has three years or more of contributory service or noncontributory service, or fifty percent of the contributions made by the employer if the member has less than three years of contributory service or noncontributory service;(3)Member credited service purchases pursuant to §§3-12C-504, 3-12C-509, and 3-12C-511; and(4)The effective rate of interest on the sum of subdivisions (1), (2), and (3). Source: SL 2016, ch 32, §1; SDCL §3-12-500; SL 2019, ch 22, §1.
SD Codified L § 3-12C-409 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-409 - Refund of unpaid accumulated contributions upon termination--Reversion of unclaimed payments to system.

3-12C-409. Refund of unpaid accumulated contributions upon termination--Reversion of unclaimed payments to system.After all benefits currently or potentially payable under any provision of this chapter have terminated, if the aggregate benefits paid to a member and the member's surviving spouse and minor children, including any distribution of the member's variable retirement account, are less than the member's accumulated contributions, the amount by which the accumulated contributions exceed total payments made to date shall be paid in a lump sum as provided in this section.Amounts payable under this section shall be paid as follows:(1)To the beneficiary or entity designated by the member, if any is designated;(2)If no beneficiary or entity is designated, then to the member's surviving spouse;(3)If no beneficiary or entity is designated and there is no surviving spouse, then to all surviving children, irrespective of age, on a share-alike basis; or(4)If no beneficiary or entity is designated, there is no surviving spouse, and there are no surviving children, then to the member's estate.If no claim for payment due upon the death of a deceased member is made within three years from date of death, the payment shall revert to the system. However, a claim may be honored after the expiration of the three-year reversion period if, in the opinion of the executive director, payment of the claim is warranted by exceptional circumstances. Source: SL 1974, ch 35, §64; SL 1986, ch 37, §9; SL 1995, ch 24, §16; SL 1997, ch 29, §1; SL 1998, ch 15, §21; SL 1999, ch 15, §7; SL 2006, ch 21, §1; SL 2010, ch 20, §12; SL 2014, ch 20, §30; SL 2015, ch 27, §1; SL 2016, ch 32, §46; SL 2017, ch 27, §19; SDCL §3-12-110; SL 2019, ch 22, §1.
SD Codified L § 3-12C-410 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-410 - Lump-sum payments where designated beneficiary does not survive member--Reversion to system of unclaimed payments.

3-12C-410. Lump-sum payments where designated beneficiary does not survive member--Reversion to system of unclaimed payments.If a designated beneficiary does not survive the member, any lump-sum payment that may be due shall be payable to the member's surviving spouse. If there is no surviving spouse, the payment shall be payable to all of the member's surviving children, irrespective of age, on a share-alike basis. If there is no surviving spouse and no surviving children, the payment shall be payable to the estate of the deceased member. If no claim for payment due upon the death of a deceased member is made within three years from date of death, the payment shall revert to the system. However, a claim may be honored after the expiration of the three-year reversion period if, in the opinion of the executive director, payment of the claim is warranted by exceptional circumstances. Source: SL 1967, ch 303, §8 as added by SL 1968, ch 216, §1; SDCL Supp, §3-12-29.1; SL 1974, ch 35, §70; SL 2006, ch 21, §2; SL 2016, ch 31, §24; SDCL §3-12-116; SL 2019, ch 22, §1.
SD Codified L § 3-12C-501 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-501 - Uniform application of service credit rules.

3-12C-501. Uniform application of service credit rules.Any period of credited service granted under the rules and regulations adopted by the Board of Trustees must be applied uniformly and consistently to all members. Source: SL 1974, ch 35, §45; SDCL §3-12-89; SL 2019, ch 22, §1.
SD Codified L § 3-12C-502 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-502 - Credited service defined for foundation members.

3-12C-502. Credited service defined for foundation members.For any foundation member, the term, credited service, means:(1)Years of service, or fractions thereof, for which member contributions were made to the system;(2)Years of noncontributory service, or fractions thereof, credited before July 1, 1974, previously credited under the provisions of the retirement systems consolidated pursuant to §3-12C-1601;(3)Any period of authorized leave of absence or sick leave with pay for which deductions for member contributions are made, deposited, and credited to the fund;(4)Any period of authorized leave of absence or sick leave without pay or temporary layoff, during or for which a member obtained credit by payments to the fund made in lieu of salary deductions;(5)Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the provisions of §3-12C-514;(6)Years of service, or fractions thereof, by faculty and administrators employed by the board of regents before April 1, 1964, credited pursuant to §§3-12C-1611 and 3-12C-1612;(7)Years of noncontributory service, or fractions thereof, earned before July 1, 1967, but not credited under the South Dakota public employee retirement system as it was consolidated pursuant to §3-12C-1601 because the person earned the service prior to attaining the age of thirty. The service shall be credited only to those persons who are contributing members on July 1, 1987. No service may be credited pursuant to this subdivision to any member who has withdrawn the member's accumulated contributions after July 1, 1967; and(8)Years of noncontributory service, or fractions thereof, earned by a member from July 1, 1967, to June 30, 1974, inclusive, but not credited under the South Dakota public employee retirement system because of the age and service restrictions established under that system. Source: SL 2016, ch 32, §25; SDCL §3-12-89.3; SL 2019, ch 22, §1.
SD Codified L § 3-12C-503 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-503 - Credited service defined for generational members.

3-12C-503. Credited service defined for generational members.For any generational member, the term, credited service, means the sum of the following:(1)Years of service, or fractions thereof, for which member contributions were made to the system;(2)Any period of authorized leave of absence or sick leave with pay for which deductions for member contributions are made, deposited, and credited to the fund;(3)Any period of authorized leave of absence or sick leave without pay or temporary layoff, during or for which a member obtained credit by payments to the fund made in lieu of salary deductions; and(4)Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the provisions of §3-12C-514. Source: SL 2016, ch 32, §2; SDCL §3-12-501; SL 2019, ch 22, §1.
SD Codified L § 3-12C-504 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-504 - Purchase of prior service credit--Calculation of amount due.

3-12C-504. Purchase of prior service credit--Calculation of amount due.A current contributing member of the system may receive credited service by election to make, or have made on the member's behalf, contributions, based on the higher of the member's current compensation, or the member's final compensation calculated as if the member retired on the date of election, at an actuarially- determined percentage times the member rate, for each year of service for which the member wishes to receive credit, if:(1)The current contributing member of the system could have established credit for any South Dakota public service by making contributions under this chapter or any prior law; or(2)The current contributing member was not permitted to establish credit for any South Dakota public service.The amount of the credited service and the rate of contribution shall be at class A rates unless the service for which credit is sought was rendered as a class B member in which case class B rates shall apply. If a participating unit has failed to pay employer or member contributions to the system on behalf of a member as required under this chapter or under any predecessor system consolidated pursuant to §3-12C-1601, the amount due the system shall be calculated in accordance with this section.The member rate in effect as of July 1, 2001, shall be used in calculation of the purchase cost of any service performed prior to July 1, 2002, if a contract to purchase such service is in place prior to July 1, 2004. The member rate in effect on and after July 1, 2002, shall be the basis for calculation of the purchase cost of any service if the contract to purchase such service is not in place until on or after July 1, 2004. Source: SL 1974, ch 35, §40; SL 1977, ch 28, §8; SL 1980, ch 31, §4; SL 1984, ch 24, §5; SL 1989, ch 38, §16; SL 2002, ch 23, §2; SL 2004, ch 39, §1; SDCL §3-12-83; SL 2019, ch 22, §1.
SD Codified L § 3-12C-505 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-505 - Prospective increase for credited service related to years of noncontributory service.

3-12C-505. Prospective increase for credited service related to years of noncontributory service.Any increase in a retired member's benefit as a result of credited service related to years of noncontributory service, or fractions thereof, earned by a member from July 1, 1967, to June 30, 1974, inclusive, but not credited under the South Dakota public employee retirement system because of the age and service restrictions established under the system shall be prospective only from July 1, 1997. Source: SL 1997, ch 25, §2; SL 2016, ch 32, §30; SDCL §3-12-47.1; SL 2019, ch 22, §1.
SD Codified L § 3-12C-506 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-506 - Refund for purchase cost of noncontributing service.

3-12C-506. Refund for purchase cost of noncontributing service.Any member who, pursuant to the provisions of §3-12C-504, has purchased a portion or all of the member's noncontributory service earned by a member from July 1, 1967, to June 30, 1974, inclusive, but not credited under the South Dakota public employee retirement system because of the age and service restrictions established under the system is entitled to a refund of such purchase cost. Source: SL 1997, ch 25, §3; SL 2016, ch 32, §31; SDCL §3-12-47.2; SL 2019, ch 22, §1.