Purchase of nonqualified permissive service credit allowed.

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  2. South Dakota Codified Laws
  3. Public Officers and Employees
  4. South Dakota Retirement System
  5. Purchase of nonqualified permissive service credit allowed.

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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.

Source: 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.


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