S.D. Codified Laws § 6-2-2
This is the official text of S.D. Codified Laws § 6-2-2, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Security for employees retired before liquidation--Retention of funds
Official statutory text
In the event any subdivision of government shall liquidate any pension, annuity, or other retirement program existing between the subdivision of government and its employees, the subdivision of government is herewith authorized to secure any employee retired before liquidation of the program in his retirement in a program substantially equivalent to the retirement for which he qualified and the subdivision of government shall retain so much of the money - raising powers granted it to effect the program in the first instance as is necessary to so secure such retired employees.
Source: SL 1951, ch 101, § 2; SDC Supp 1960, § 17.1213.
Source: SL 1951, ch 101, § 2; SDC Supp 1960, § 17.1213.
Status: in_force · Read it on the official government site
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