S.D. Admin. R. 62:01:07:09.01
No member may elect to change normal payment of the member's retirement annuity in favor of adjusted payments pursuant to SDCL 3-12C-1112, or the opposite, if more than one monthly retirement annuity payment has been made to the member. If a member who has received one adjusted payment pursuant to SDCL 3-12C-1112 elects to change to the normal method of payment, the system shall deduct in lump-sum the amount of the resulting overpayment from the member's next monthly annuity payment. A deduction may be one hundred percent of the member's normal benefit, if necessary, and may extend to subsequent benefit payments, if necessary, to eliminate the overpayment in the shortest time possible.
S.D. Admin. R. 62:01:07:09.01
General Authority: SDCL 3-12C-211.
Law Implemented: SDCL 3-12C-1106, 3-12C-1107, 3-12C-1108, 3-12C-1112.