LegalFix
Sign In

§ 3-12C-503 Credited service defined for generational members.

SD Codified L § 3-12C-503 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

Previous Section
§ 3-12C-502 Credited service defined for foundation members.
Next Section
§ 3-12C-504 Purchase of prior service credit--Calculation of amount due.