HB1261 allows retired members of the South Dakota Retirement System to return to work temporarily without losing their cost-of-living adjustments (COLA) to their retirement benefits, reversing the current rule that eliminates COLA during any period of re-employment. The bill also makes technical clarifications to contribution requirements for the retirement system. This change is intended to help address staffing emergencies by making it easier for retirees to temporarily return to work.
This bill does not directly amend codified state law.
State Affairs Deferred to the 41st legislative day Passed, YEAS 10, NAYS 3.
State Affairs Motion to amend
State Affairs Scheduled for hearing
House of Representatives Referred to House State Affairs H.J. 156
First Reading House H.J. 139
Kent Peterson
Prime sponsor · Rep.
R
Cosponsors
State Affairs — Deferred to the 41st legislative day