SB 56 updates the definitions and technical rules used to calculate retirement benefits and funding levels for the South Dakota Retirement System. The bill clarifies how the system's assets are valued and determines the contribution rates that employers and employees must pay into the retirement fund. These changes ensure the retirement system's financial calculations remain accurate and sustainable.
This bill does not directly amend codified state law.
Signed by the Governor S.J. 543
Delivered to the Governor S.J. 495
Signed by the Speaker H.J. 635
Signed by the President S.J. 479
House of Representatives Do Pass Passed, YEAS 68, NAYS 0. H.J. 582
Retirement Laws Do Pass Passed, YEAS 3, NAYS 1.
Retirement Laws Scheduled for hearing H.J. 1
House of Representatives Referred to House Retirement Laws H.J. 223
First Reading House H.J. 167
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 141
Retirement Laws Do Pass Passed, YEAS 4, NAYS 0.
Retirement Laws Scheduled for hearing
First read in Senate and referred to Senate Retirement Laws S.J. 16
Do Pass
Retirement Laws — Do Pass
Do Pass
Retirement Laws — Do Pass