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Code · South Dakota · Title 3 · Chapter 3-12

3-12C-601. Retirement benefit to terminated member with vested right--Calculation.

71 words·~1 min read·/sd/title-3/chapter-3-12/3-12c-601

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A terminated member who has a vested right in the system may leave the member's accumulated contributions on deposit with the system and receive a retirement benefit commencing at the member's retirement. In calculating such benefit, the member's final average compensation shall be increased by the COLA commencing each July first for each complete twelve-month period between the member's last termination and the date on which the member's retirement benefit commences.
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