Section 3-12-62.1 - Department of Labor employees--Membership in system--Benefits and creditedservice. - South-dakota Statutes

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3-12-62.1. Department of Labor employees--Membership in system--Benefits and credited service. All personnel hired on or after July 1, 1980 by the divisions of the Department of Labor established by §§ 61-2-10 and 61-2-10.1 shall be members of the system. Any individual so employed prior to July 1, 1980 may elect to become a member of the system, if that election is made prior to July 1, 1981. Benefits accrued to a member prior to the date of such election shall be continued and shall not be considered as other public benefits, as defined in subdivision 3-12-47(50), for the purposes of calculating or offsetting any benefit resulting from participation in the system. Credited service earned under the retirement system provided by chapter 61-2 may not be counted for the purpose of calculation of benefits under chapter 3-12. For any individual who elects to be a member of the system pursuant to this section, credited service earned under the retirement system provided by chapter 61-2 shall be counted for the purpose of vesting under chapter 3-12 and for the eligibility requirements under §§ 3-12-95 and 3-12-98, provided that contributions made to the system provided under chapter 61-2 are not withdrawn.

Source: SL 1980, ch 33, § 2.

State Codes and Statutes

Statutes > South-dakota > Title-3 > Chapter-12 > Statute-3-12-62-1

3-12-62.1. Department of Labor employees--Membership in system--Benefits and credited service. All personnel hired on or after July 1, 1980 by the divisions of the Department of Labor established by §§ 61-2-10 and 61-2-10.1 shall be members of the system. Any individual so employed prior to July 1, 1980 may elect to become a member of the system, if that election is made prior to July 1, 1981. Benefits accrued to a member prior to the date of such election shall be continued and shall not be considered as other public benefits, as defined in subdivision 3-12-47(50), for the purposes of calculating or offsetting any benefit resulting from participation in the system. Credited service earned under the retirement system provided by chapter 61-2 may not be counted for the purpose of calculation of benefits under chapter 3-12. For any individual who elects to be a member of the system pursuant to this section, credited service earned under the retirement system provided by chapter 61-2 shall be counted for the purpose of vesting under chapter 3-12 and for the eligibility requirements under §§ 3-12-95 and 3-12-98, provided that contributions made to the system provided under chapter 61-2 are not withdrawn.

Source: SL 1980, ch 33, § 2.

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Statutes > South-dakota > Title-3 > Chapter-12 > Statute-3-12-62-1

3-12-62.1. Department of Labor employees--Membership in system--Benefits and credited service. All personnel hired on or after July 1, 1980 by the divisions of the Department of Labor established by §§ 61-2-10 and 61-2-10.1 shall be members of the system. Any individual so employed prior to July 1, 1980 may elect to become a member of the system, if that election is made prior to July 1, 1981. Benefits accrued to a member prior to the date of such election shall be continued and shall not be considered as other public benefits, as defined in subdivision 3-12-47(50), for the purposes of calculating or offsetting any benefit resulting from participation in the system. Credited service earned under the retirement system provided by chapter 61-2 may not be counted for the purpose of calculation of benefits under chapter 3-12. For any individual who elects to be a member of the system pursuant to this section, credited service earned under the retirement system provided by chapter 61-2 shall be counted for the purpose of vesting under chapter 3-12 and for the eligibility requirements under §§ 3-12-95 and 3-12-98, provided that contributions made to the system provided under chapter 61-2 are not withdrawn.

Source: SL 1980, ch 33, § 2.