3-12C-402. Additional contribution for foundation members by participating unit.
Each participating unit shall make an additional contribution in the amount of six and two-tenths percent of any foundation member's compensation in each calendar year that exceeds the maximum taxable amount for social security for the calendar year. The additional contributions shall be made only for Class A foundation members and may not be treated as employer contributions.
Source: SL 2002, ch 23, §5; SL 2016, ch 32, §37; SDCL §3-12-91.1; SL 2019, ch 22, §1.