S.D. Codified Laws § 3-12C-511

Current through the 2024 Legislative Session

Section 3-12C-511 - Purchase of nonqualified permissive service credit allowed

Notwithstanding the restrictions contained in §§ 3-12C-504 and 3-12C-509, a current contributing member with over five years of contributory service in the system may purchase nonqualified permissive service credit as defined in and pursuant to the provisions of § 415(n) of the Internal Revenue Code.

SDCL 3-12C-511

SL 2003, ch 94, §2; SL 2009, ch 21, §1; SL 2013, ch 20, §9; SDCL § 3-12-84.2 SL 2019, ch 22, §1.