reglab/housing_qa huggingface dataset:
SD Codified L § 3-12C-1214 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1214 - Surviving spouse benefit--Generational member dying after normal retirement age but before start of benefit--Amount of benefit.

3-12C-1214. Surviving spouse benefit--Generational member dying after normal retirement age but before start of benefit--Amount of benefit.Upon the death of a generational member who was vested or died while performing usual duties for the employer and who has reached normal retirement age but has not yet begun a retirement benefit, a surviving spouse is eligible to receive a surviving spouse benefit. The surviving spouse benefit is equal to sixty percent of the actuarially reduced amount the member would have received if the member retired on the date of death and elected the sixty percent joint and survivor benefit. The annual benefit shall be divided into monthly payments and is payable for the life of the surviving spouse. The surviving spouse benefit is effective the first day of the month following the date on which the member's contributory services terminates and is payable upon receipt of a completed application. Source: SL 2016, ch 32, §17; SDCL §3-12-515; SL 2019, ch 22, §1; SL 2020, ch 15, § 6.
SD Codified L § 3-12C-1215 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1215 - Amount of surviving spouse benefit for generational member.

3-12C-1215. Amount of surviving spouse benefit for generational member.If no family benefit is being paid pursuant to §3-12C-907, a surviving spouse of a contributing generational member who had acquired at least three years of contributory service or noncontributory service or died while performing usual duties for the employer is, upon attaining the age sixty-seven, eligible to receive a surviving spouse benefit as follows:(1)If a family benefit had been paid, sixty percent of the family benefit paid at the time the family benefit ended, increased by the COLA from the date the last family benefit was paid; or(2)If a family benefit had not been paid, sixty percent of the amount calculated pursuant to subsection (a) or (b), whichever is greater, increased by the COLA from the date of the member's death:(a)Twenty-five percent of the member's final average compensation at the time of the member's death; or(b)The member's unreduced accrued retirement benefit at the time of the member's death.The surviving spouse benefit shall be paid in monthly installments for the life of the surviving spouse. Source: SL 2016, ch 32, §18; SL 2017, ch 27, §36; SDCL §3-12-516; SL 2019, ch 22, §§38, 45.
SD Codified L § 3-12C-1216 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1216 - Early surviving spouse benefit for generational member's spouse.

3-12C-1216. Early surviving spouse benefit for generational member's spouse.A generational member's spouse who is eligible to receive a surviving spouse benefit at age sixty-seven may elect to start the benefit in the ten years preceding the spouse attaining the age of sixty-seven. The early surviving spouse benefit, payable for the life of the surviving spouse, is the surviving spouse benefit reduced by five percent for each full year and prorated for each additional full month between the date the early surviving spouse benefit commences and the date the surviving spouse attains the age of sixty-seven. Source: SL 2016, ch 32, §19; SDCL §3-12-517; SL 2019, ch 22, §1.
SD Codified L § 3-12C-1301 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1301 - Variable retirement accounts of generational members--Contributions and credited investment return.

3-12C-1301. Variable retirement accounts of generational members--Contributions and credited investment return.Each generational member shall have a variable retirement account, which consists of variable retirement contributions and the credited investment return. The investment return shall be credited annually as of June thirtieth for all generational members with a variable retirement account on that date. The credited investment return is the South Dakota Investment Council's reported money-weighted investment return of the system, net of fees, for the completed fiscal year. For any account distributed during the fiscal year, the estimated investment return shall be credited to the end of the month before the date on which the retirement benefit is paid or the disability benefit is paid or the death occurred, as applicable. Any variable retirement contributions made during the fiscal year shall receive one-half year's credited investment return. Source: SL 2016, ch 32, §21; SDCL §3-12-519; SL 2019, ch 22, §1.
SD Codified L § 3-12C-1302 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1302 - Variable retirement contributions of generational members.

3-12C-1302. Variable retirement contributions of generational members.Each year the board shall establish the variable retirement contribution for the following fiscal year based on the results of the most current annual actuarial valuation. The variable retirement contribution for any year may be adjusted from zero to one and one-half percent of each contributing generational member's compensation and shall be allocated to each generational member's variable retirement account. The variable retirement contribution for the fiscal year beginning July 1, 2017, shall be one and one-half percent of each contributing member's compensation. Source: SL 2016, ch 32, §22; SDCL §3-12-520; SL 2019, ch 22, §1.
SD Codified L § 3-12C-1303 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1303 - Distributions from generational member's variable retirement account.

3-12C-1303. Distributions from generational member's variable retirement account.The variable retirement account is payable at the retirement, disability, or death of the generational member. The variable retirement account is payable to the generational member when the member commences a retirement benefit or a disability benefit or to the generational member's eligible child, eligible spouse, or beneficiary upon the death of the member. The variable retirement account is not payable to any member who withdraws his or her accumulated contributions from the system. For the purpose of paying a distribution, the variable retirement account is the amount in the member's variable retirement account or the total of the variable retirement contributions made on behalf of the member, whichever is greater.The variable retirement account may be paid in a lump sum, rolled over to the South Dakota deferred compensation plan, rolled over to another eligible plan, or used to purchase a supplemental pension benefit. However, the purchase of a supplemental pension benefit is only available upon the member's retirement. Source: SL 2016, ch 32, §23; SDCL §3-12-521; SL 2019, ch 22, §1.
SD Codified L § 3-12C-1400 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1400 - Three consecutive calendar months of separation described.

3-12C-1400. Three consecutive calendar months of separation described. For purposes of §§ 3-12C-1401 to 3-12C-1406, inclusive, in order to have three consecutive calendar months of separation that start with the member's effective date of retirement, the member may have no employment or any relationship with a participating unit regardless of classification as part-time, seasonal, temporary, leased, contract, or any other designation, during that time. Source: SL 2021, ch 29, § 1, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1401 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1401 - Reemployment of retired member--Separation of service required--Hiring procedures.

3-12C-1401. Reemployment of retired member--Separation of service required--Hiring procedures. Except as provided in § 3-12C-1401.1, a retired member's retirement is invalid if the member is reemployed by a participating unit unless the member's employment relationship with the initial participating unit has been terminated, as defined in this chapter and as required pursuant to Revenue Ruling 57-115 by the Internal Revenue Service, and the member has been separated from service for three consecutive calendar months after the member's effective date of retirement. The initial participating unit's system representative shall certify to the system that the termination of the employment relationship took place. In addition, any second participating unit shall subject the member to all proceedings and requirements associated with the hiring and employment of any new employee by the second participating unit, and that unit's system representative shall so certify to the system. If a single participating unit is both the member's initial participating unit and the member's second participating unit, the unit shall follow all termination procedures and all hiring procedures relative to the member as outlined by this section, and its chief executive officer, the officer's agent, or the chair of the unit's governing commission or board shall so certify. Source: SL 2004, ch 38, §6; SL 2010, ch 23, §8, eff. Apr. 1, 2010; SL 2016, ch 31, §14; SDCL §3-12-81.1; SL 2019, ch 22, §1; SL 2021, ch 29, § 2, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1401.1 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1401.1 - Reemployment of retired member--Limited exception to separation of service requirement.

3-12C-1401.1. Reemployment of retired member--Limited exception to separation of service requirement. The provisions of § 3-12C-1401 do not apply if the retired member is at least fifty-nine and a half years of age when the member begins receiving retirement benefits and is employed for less than twelve hundred fifty hours during the fiscal year of the participating unit. However, if the retired member completes twelve hundred fifty hours or more during a fiscal year of the participating unit, the member's benefits shall be suspended. The suspension ceases if the member terminates employment. If the member is subsequently reemployed, the provisions of §§ 3-12C-1401, 3-12C-1405, and 3-12C-1406 apply, where applicable. Source: SL 2021, ch 29, § 3, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1402 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1402 - Suspension of retirement benefit during reemployment before July 1, 2004--Recalculation of additional benefit.

3-12C-1402. Suspension of retirement benefit during reemployment before July 1, 2004--Recalculation of additional benefit. If a retired member whose benefits have been reduced pursuant to §3-12C-1111 becomes employed as a permanent full-time employee by a participating unit before July 1, 2004, the payment of the member's retirement benefit, including the COLA pursuant to §3-12C-703, shall be suspended during the period of reemployment. If the member remains in such reemployment for at least three years pursuant to the provisions of §3-12C-1403 and then again retires, the member's additional benefit shall be recalculated to consider only the member's credited service and final compensation earned during reentry. Source: SL 1970, ch 25, §13; SDCL Supp, §3-12-29.3; SL 1974, ch 35, §65; SL 1982, ch 32, §8; SL 1986, ch 37, §10; SL 1997, ch 28, §2; SL 2004, ch 38, §3; SL 2017, ch 27, §20; SDCL §3-12-111; SL 2019, ch 22, §1; SL 2021, ch 26, § 4.
SD Codified L § 3-12C-1403 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1403 - Retirement benefits for members who reentered covered employment after June 30, 2004 and before April 1, 2010.

3-12C-1403. Retirement benefits for members who reentered covered employment after June 30, 2004 and before April 1, 2010. If less than three years of contributory service or noncontributory service is acquired after a retired member's reentry into covered employment, the member upon subsequent retirement shall receive a refund of the member's accumulated contributions.If three years or more of contributory service or noncontributory service is acquired after a retired member's reentry into covered employment, the member upon subsequent retirement may receive either a refund of the member's accumulated contributions or an additional benefit based upon the member's credited service and final compensation earned during such reentry. Only the member's credited service from the subsequent employment shall be taken into account in calculating a reduction pursuant to §3-12C-1111, if any, in the member's additional benefit. In addition, the COLA applied to the original benefit pursuant to §3-12C-703 shall be eliminated for the period of reemployment, unless the member retired as a Class B member other than a justice, judge, or magistrate judge and subsequently reentered covered employment as a Class A member.The provisions of this section apply to any member who retired without any reduction in benefits pursuant to §3-12C-1111 and who reenters covered employment after June 30, 2004, but before April 1, 2010. Source: SL 1974, ch 35, §39; SL 1978, ch 32, §3; SL 1982, ch 32, §5; SL 1997, ch 28, §1; SL 1998, ch 15, §10; SL 2004, ch 38, §1; SL 2005, ch 24, §3; SL 2010, ch 20, §10; SL 2010, ch 23, §6, eff. Apr. 1, 2010; SL 2012, ch 26, §11; SL 2016, ch 31, §15; SL 2017, ch 27, §11; SDCL §3-12-82; SL 2019, ch 22, §1; SL 2021, ch 26, § 5.
SD Codified L § 3-12C-1404 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1404 - Suspension of retirement benefit during reemployment for members who reentered employment between July 1, 2004 and April 1, 2010--Benefit upon subsequent retirement.

3-12C-1404. Suspension of retirement benefit during reemployment for members who reentered employment between July 1, 2004 and April 1, 2010--Benefit upon subsequent retirement. If a retired member whose benefits have been reduced pursuant to §3-12C-1111 becomes employed as a permanent full-time employee by a participating unit on or after July 1, 2004, but before April 1, 2010, the payment of the member's retirement benefit shall be suspended during the period of reemployment. If the member remains in reemployment for at least three years pursuant to the provisions of §3-12C-1403, the member upon subsequent retirement shall receive an additional benefit based upon the member's credited service and final average compensation earned during the reentry. Only the member's credited service from the subsequent employment shall be taken into account in calculating a reduction pursuant to §3-12C-1111, if any, in the member's additional benefit. If the member remains in reemployment for a period of less than three years, the member upon subsequent retirement shall receive a refund of the member's accumulated contributions. No matter the duration of the member's reemployment, the COLA applied to the original benefit pursuant to §3-12C-703 shall be eliminated for the period of reemployment. Source: SL 2004, ch 38, §4; SL 2010, ch 20, §13; SL 2010, ch 23, §7, eff. Apr. 1, 2010; SL 2017, ch 27, §21; SDCL §3-12-111.1; SL 2019, ch 22, §1; SL 2021, ch 26, § 6.
SD Codified L § 3-12C-1405 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1405 - Retired members--Reentrance to covered employment--Benefits and membership.

3-12C-1405. Retired members--Reentrance to covered employment--Benefits and membership. Except as provided in § 3-12C-1405.1, if a retired member reenters covered employment at some time after the three consecutive calendar months that start with the member's effective date of retirement, the member's retirement benefits and continued membership shall be administered pursuant to this section.The member's monthly retirement benefit shall be reduced by fifteen percent and the COLA shall be eliminated throughout the period that the member reenters covered employment. The reduction and elimination shall cease if the member again terminates covered employment. However, the reduction and elimination do not apply if the member retired as a Class B member other than a justice, judge, or magistrate judge and subsequently reenters covered employment as a Class A member.The contributions required of the member shall be deposited by the member's participating unit with the system for the benefit of the member to be transferred to an account within the deferred compensation program established pursuant to chapter 3-13. The contributions shall be governed by §457 of the Internal Revenue Code. However, the contributions required of the member's employer unit shall be deposited into the fund created by this chapter, but with no association or credit to the member. The member may not earn any additional benefits associated with the period that the member reenters covered employment.The provisions of this section do not apply to a Class D member who reenters covered employment. Source: SL 2010, ch 23, §2, eff. Apr. 1, 2010; SL 2013, ch 20, §16; SL 2016, ch 31, §35; SDCL §3-12-200; SL 2019, ch 22, §§41, 45; SL 2020, ch 13, § 6; SL 2021, ch 29, § 4, eff. Apr. 1, 2021; SL 2021, ch 26, § 7.
SD Codified L § 3-12C-1405.1 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1405.1 - Reemployment of retired member--Limited exception to benefit and membership provisions for part-time employment.

3-12C-1405.1. Reemployment of retired member--Limited exception to benefit and membership provisions for part-time employment. .The provisions of § 3-12C-1405 do not apply if the retired member is reemployed for less than twelve hundred fifty hours during the fiscal year of the participating unit. However, if the retired member completes twelve hundred fifty hours or more during a fiscal year of the participating unit, the provisions of § 3-12C-1405 apply immediately. Source: SL 2021, ch 29, § 5, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1405.2 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1405.2 - Reemployment of retired member--Employer tracking.

3-12C-1405.2. Reemployment of retired member--Employer tracking. Any participating unit employing a retired member for less than twelve hundred fifty hours during the fiscal year of the participating unit is responsible for tracking the hours of the employee and certifying the hours to the system on a monthly basis. Source: SL 2021, ch 29, § 6, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1406 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1406 - Invalid retirement--Repayment of retirement benefit payments.

3-12C-1406. Invalid retirement--Repayment of retirement benefit payments. Except as provided in § 3-12C-1401.1, if a retired member reenters employment within the three consecutive calendar months that start with the member's effective date of retirement, the member's retirement is deemed invalid. If the member received one or more retirement benefit payments during the invalid retirement, the member shall repay the payments as a lump sum immediately, repay the payments by contractual payments over a period of up to three years, which payments shall include interest at the assumed rate of return, or repay the payments by an actuarial equivalent reduction in eventual monthly benefits. Source: SL 2010, ch 23, §1, eff. Apr. 1, 2010; SL 2016, ch 31, §34; SDCL §3-12-199; SL 2019, ch 22, §1; SL 2021, ch 29, § 7, eff. Apr. 1, 2021.
SD Codified L § 3-12C-1501 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1501 - Supplemental pension benefit created.

3-12C-1501. Supplemental pension benefit created.There is hereby established the South Dakota Retirement System supplemental pension benefit. The supplemental pension benefit shall be within and integral to the South Dakota Retirement System. It is the intent of the Legislature that the provisions related to the supplemental pension benefit shall be qualified under §401(a) of the Internal Revenue Code and that the provisions constitute one aspect of a governmental plan as identified under §414(d) of that code. Source: SL 2008, ch 24, §1; SL 2013, ch 20, §13; SDCL §3-12-189; SL 2019, ch 22, §1.
SD Codified L § 3-12C-1502 (2021)
2021 South Dakota Codified Laws|Title 3 - Public Officers and Employees|Chapter 12C - South Dakota Retirement System|Section 3-12C-1502 - Interest rate assumption--Suspension of new supplemental pension contracts--No right to particular price.

3-12C-1502. Interest rate assumption--Suspension of new supplemental pension contracts--No right to particular price.On an annual basis, at minimum, the board shall establish an interest rate assumption upon which the provisions of subsequent supplemental pension contracts shall be based. The board shall establish the assumption on the basis of the recommendations of the system's actuary and the state investment officer. The interest rate assumption may not be greater than the actuarial assumed rate of return for the fund, nor may the interest rate assumption be less than the effective rate of interest. Any other provision of law notwithstanding, the board may suspend issuance of new supplemental pension contracts at any time. Any suspension of new supplemental pension contracts shall be prospective in operation and may not affect supplemental pension contracts already in effect.The administration of the supplemental pension benefit requires that supplemental pension benefit purchase costs vary from one time period to the next. Consequently, participants who accept the option of a supplemental pension benefit have no expectation or fundamental right to any particular supplemental pension benefit purchase price. Source: SL 2008, ch 24, §3; SL 2016, ch 31, §30; SDCL §3-12-190; SL 2019, ch 22, §1.