S.D. Admin. R. 20:16:17:09

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:16:17:09 - Amount of the early retirement pension

The amount of the early retirement pension shall be determined by calculating the amount of the normal pension to which the employee would be entitled if the employee were age 65 on the effective date of the employee's early retirement pension reduced by three percent each year for which the date of early retirement precedes the employee attaining age 65.

S.D. Admin. R. 20:16:17:09

28 SDR 109, effective 2/11/2002; 37 SDR 207, effective 7/1/2010; 40 SDR 197, effective 5/27/2014; 45 SDR 142, effective 7/1/2019

General Authority: SDCL 3-12C-1647.

Law Implemented: SDCL 3-12C-1643, 3-12C-1644.