Section 3-12-192 - Type of supplemental pension benefits based on marital status. - South-dakota Statutes

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3-12-192. Type of supplemental pension benefits based on marital status. A supplemental pension participant shall receive one of two types of supplemental pension benefits:
(1) A supplemental pension benefit payable monthly for the lifetime of the participant; or
(2) A supplemental pension benefit payable monthly for the lifetime of the participant and, upon the death of the participant, a supplemental pension benefit payable monthly to the participant's supplemental pension spouse equal to sixty percent of the monthly benefit amount that the participant was receiving at the time of death.
A participant who is not married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (1) and a participant who is married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (2).

Source: SL 2008, ch 24, § 5.

State Codes and Statutes

Statutes > South-dakota > Title-3 > Chapter-12 > Statute-3-12-192

3-12-192. Type of supplemental pension benefits based on marital status. A supplemental pension participant shall receive one of two types of supplemental pension benefits:
(1) A supplemental pension benefit payable monthly for the lifetime of the participant; or
(2) A supplemental pension benefit payable monthly for the lifetime of the participant and, upon the death of the participant, a supplemental pension benefit payable monthly to the participant's supplemental pension spouse equal to sixty percent of the monthly benefit amount that the participant was receiving at the time of death.
A participant who is not married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (1) and a participant who is married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (2).

Source: SL 2008, ch 24, § 5.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-3 > Chapter-12 > Statute-3-12-192

3-12-192. Type of supplemental pension benefits based on marital status. A supplemental pension participant shall receive one of two types of supplemental pension benefits:
(1) A supplemental pension benefit payable monthly for the lifetime of the participant; or
(2) A supplemental pension benefit payable monthly for the lifetime of the participant and, upon the death of the participant, a supplemental pension benefit payable monthly to the participant's supplemental pension spouse equal to sixty percent of the monthly benefit amount that the participant was receiving at the time of death.
A participant who is not married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (1) and a participant who is married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (2).

Source: SL 2008, ch 24, § 5.