3-12C-305. Newly established retirement plans of political subdivisions and public corporations to participate in consolidated system.
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/sd/title-3/chapter-3-12/3-12c-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No political subdivision or public corporation, including municipalities, counties, and chartered governmental units, may establish any retirement plan unless such political subdivision or public corporation becomes a participating unit of the system created in this chapter.