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§ 3-12C-1110 Reduction age defined for foundation members.

SD Codified L § 3-12C-1110 (2019) (N/A)
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3-12C-1110. Reduction age defined for foundation members. For any foundation member, the term, reduction age, means the age at which the sum of the foundation member's age and credited service equals a number as follows:

(1) For Class A credited service, an age not less than fifty-five and at which the sum of the foundation member's age and credited service equals eighty-five;

(2) For Class B credited service as a justice, judge, or magistrate judge, an age not less than fifty-five and at which the sum of the foundation member's age and credited service equals eighty; and

(3) For Class B credited service other than as a justice, judge, or magistrate judge, an age not less than forty-five and at which the sum of the foundation member's age and credited service equals seventy-five.Source: SL 2016, ch 32, § 29; SDCL § 3-12-89.7; SL 2019, ch 22, § 1.

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§ 3-12C-1109 Adjustments in benefit for certain retirees based on time and circumstances of retirement.
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§ 3-12C-1111 Early retirement benefits for foundation members.