Section 3-12-62.3 - Rapid City firemen--Retirement benefits--Normal retirement age. - South-dakota Statutes

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3-12-62.3. Rapid City firemen--Retirement benefits--Normal retirement age. Upon retirement, each employee described in § 3-12-62.2 shall receive the greater of:
(1) His retirement allowance calculated under this chapter; or
(2) The retirement allowance 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 shall be fifty-five.

Source: SL 1982, ch 37, § 2; SL 1992, ch 60, § 2.

State Codes and Statutes

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

3-12-62.3. Rapid City firemen--Retirement benefits--Normal retirement age. Upon retirement, each employee described in § 3-12-62.2 shall receive the greater of:
(1) His retirement allowance calculated under this chapter; or
(2) The retirement allowance 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 shall be fifty-five.

Source: SL 1982, ch 37, § 2; SL 1992, ch 60, § 2.

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State Codes and Statutes

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

3-12-62.3. Rapid City firemen--Retirement benefits--Normal retirement age. Upon retirement, each employee described in § 3-12-62.2 shall receive the greater of:
(1) His retirement allowance calculated under this chapter; or
(2) The retirement allowance 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 shall be fifty-five.

Source: SL 1982, ch 37, § 2; SL 1992, ch 60, § 2.