S.D. Admin. R. 62:01:09:07

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

Section 62:01:09:07 - Basis for monthly benefit

A participant's monthly benefit shall be based on the participant's single premium and the current interest rate assumption at the time of purchase, and shall take into account the participant's age, gender, and marital status at the time of purchase. A participant shall have no expectation or fundamental right to any particular monthly benefit amount on any other basis, including the amount of a monthly benefit being paid to another participant.

35 SDR 82, effective 10/22/2008; 45 SDR 142, effective 7/1/2019

General Authority: SDCL 3-12C-211.

Law Implemented: SDCL 3-12C-1502. 3-12C-1504.