Notwithstanding the restrictions contained in §§ 3-12C-504 and 3-12C-509, a current contributing member with over five years of contributory service in the system may purchase nonqualified permissive service credit as defined in and pursuant to the provisions of § 415(n) of the Internal Revenue Code.
S.D. Codified Laws § 3-12C-511
Purchase of nonqualified permissive service credit allowed
Known as the South Dakota Retirement Act
The act spans §§ 3–3 (298 sections).
Source: SL 2003, ch 94, § 2; SL 2009, ch 21, § 1; SL 2013, ch 20, § 9; SDCL § 3-12-84.2 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.