§ 3-12C-1401 Reemployment of retired member--Termination of relationship with initial participating unit--Hiring procedures.

SD Codified L § 3-12C-1401 (2019) (N/A)

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3-12C-1401. Reemployment of retired member--Termination of relationship with initial participating unit--Hiring procedures. If a retired member becomes reemployed as a permanent full-time employee by a participating unit, the member first shall have terminated the member's employment relationship with the initial participating unit as the term, terminated, is defined in this chapter and as required pursuant to Revenue Ruling 57-115 by the Internal Revenue Service. 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.

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§ 3-12C-1402 Suspension of retirement benefit during reemployment before July 1, 2004--Recalculation of additional benefit.