HB1009 updates the technical definitions and rules that govern how South Dakota manages its state retirement system, including how the system calculates its financial health and contribution rates. The bill clarifies terms like how the system values its assets and determines required employer contributions, and it adds a specific definition for air rescue firefighters at Joe Foss Field in Sioux Falls as a covered employee group.
AI-generated summary
This bill does not directly amend codified state law.
Signed by the Governor H.J. 518
Delivered to the Governor H.J. 450
Signed by the President S.J. 397
Signed by the Speaker H.J. 416
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 348
Retirement Laws Certified uncontested, placed on consent
Retirement Laws Do Pass Passed, YEAS 5, NAYS 0.
Retirement Laws Scheduled for hearing
First read in Senate and referred to Senate Retirement Laws S.J. 261
House of Representatives Do Pass Passed, YEAS 59, NAYS 8. H.J. 283
Retirement Laws Certified uncontested, placed on consent
Retirement Laws Do Pass Passed, YEAS 4, NAYS 0.
Retirement Laws Scheduled for hearing H.J. 1
House of Representatives Referred to House Retirement Laws H.J. 24
First Reading House H.J. 14
Retirement Laws — Do Pass
Retirement Laws — Do Pass