3-12C-1211. Effective date of retirement benefit of generational member--Last payment.
Unless a generational member's required beginning date for retirement occurs first, the retirement benefit of a generational member is effective in accordance with whichever of the following is last:
(1)The first day of the month following the date on which the member's contributory service terminated;
(2)The first day of the month following an intervening complete calendar month after the date on which the member's written application for retirement benefits is received by the system; or
(3)The first day of the month specified in the member's application for retirement.
The last payment of the member's benefit is for the month in which the member's death occurs.
Source: SL 2016, ch 32, §12; SDCL §3-12-511; SL 2019, ch 22, §1.