Rapid City firefighter retirement benefits--Normal retirement age
Known as the South Dakota Retirement Act
The act spans §§ 3-12C-1001 to 3-12C-907 (298 sections).
Source: SL 1982, ch 37, § 2; SL 1992, ch 60, § 2; SL 2017, ch 27, § 8; SDCL § 3-12-62.3; SL 2019, ch 22, § 1.
Upon retirement, each employee described in § 3-12C-1615 shall receive the greater of:
(1) The member's retirement benefit calculated under this chapter; or
(2) The retirement benefit calculated under the municipality of Rapid City firemen pension fund based on credited service up to June 30, 1982, and compensation up to June 30, 1982.
The normal retirement age of each such employee is fifty-five.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.