South Dakota § 3-12C-209 - Executive director--Appointment--Compensation--Retirement Laws Committee approval--Employment of personnel--Bond--Board secretary.
Full text of South Dakota South Dakota Codified Laws § 3-12C-209 — Executive director--Appointment--Compensation--Retirement Laws Committee approval--Employment of personnel--Bond--Board secretary., with citation guidance and answers to common questions.
§ 3-12C-209. Executive director--Appointment--Compensation--Retirement Laws Committee approval--Employment of personnel--Bond--Board secretary.
The board shall appoint an executive director, qualified by training and experience, to serve at the pleasure of the board. The board shall fix the compensation for the executive director. The compensation must be based on a compensation policy, adopted by the board, which considers an analysis of the compensation and responsibilities of executive directors of regional statewide retirement systems. The board may adjust the salary of the executive director annually in accordance with the state employee salary policy, as enacted by the Legislature in each corresponding year.
The board shall report any change in the executive director's compensation above the state employee salary policy to the Retirement Laws Committee before July first for the upcoming fiscal year. The change in compensation above the state employee salary policy is effective if approved by a majority vote of the Retirement Laws Committee.
The executive director may hire additional employees as may be required to transact the business of the retirement system and shall fix the remuneration for the services.
The board shall require the bonding of the executive director in an amount set by the board and included under the state employees' blanket bond. The premium may be charged to the fund.
The executive director shall act as secretary of the board. Any document required to be filed with the board must be filed with the executive director.
Source: SL 1967, ch 303, § 3 (4), (5); SDCL §§ 3-12-9, 3-12-10; SL 1968, ch 216, § 1; SL 1974, ch 35, § 13; SL 1979, ch 27, § 4; SL 1980, ch 32; SL 1995, ch 17; SL 1998, ch 20, § 1; SL 2016, ch 31, § 2; SL 2017, ch 30, § 1; SL 2018, ch 35, § 1; SDCL § 3-12-55; SL 2019, ch 22, § 1; SL 2025, ch 27, § 16.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 3-12C-209
What does South Dakota Codified Laws § 3-12C-209 cover?
Section 3-12C-209 ("Executive director--Appointment--Compensation--Retirement Laws Committee approval--Employment of personnel--Bond--Board secretary.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 3-12C-209?
A common citation format is "South Dakota Codified Laws § 3-12C-209" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 3-12C-209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.