9-16-10. Investment of moneys of retirement system.
All moneys belonging to the retirement system not required for the payment of current annuities, pensions, retirement allowances, other benefits, or administrative expenses in lieu thereof may be invested.
Source: SL 1925, ch 239, §5; SL 1937, ch 177; SDC 1939, §45.1202; SL 1945, ch 199; SL 1947, ch 204; SL 1949, ch 183, §2; SL 1955, ch 201, §2; SL 1967, ch 220, §2; SL 1979, ch 37, §4; SL 1984, ch 56, §19.