Any member who, pursuant to the provisions of § 3-12C-504, has purchased a portion or all of the member's noncontributory service earned by a member from July 1, 1967, to June 30, 1974, inclusive, but not credited under the South Dakota public employee retirement system because of the age and service restrictions established under the system is entitled to a refund of such purchase cost.
S.D. Codified Laws § 3-12C-506
Refund for purchase cost of noncontributing service
Known as the South Dakota Retirement Act
The act spans §§ 3-12C-1001 to 3-12C-907 (298 sections).
Source: SL 1997, ch 25, § 3; SL 2016, ch 32, § 31; SDCL § 3-12-47.2; SL 2019, ch 22, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.