South Dakota § 3-12C-1301 - Variable retirement accounts of generational members--Contributions and credited investment return.
Full text of South Dakota South Dakota Codified Laws § 3-12C-1301 — Variable retirement accounts of generational members--Contributions and credited investment return., with citation guidance and answers to common questions.
§ 3-12C-1301. Variable retirement accounts of generational members--Contributions and credited investment return.
Each generational member shall have a variable retirement account, which consists of variable retirement contributions and the credited investment return. The investment return shall be credited annually as of June thirtieth for all generational members with a variable retirement account on that date. The credited investment return is the South Dakota Investment Council's reported money-weighted investment return of the system, net of fees, for the completed fiscal year. In the case of a distribution during the fiscal year, the credited investment return is the estimated investment return to the end of the month before payment. Any variable retirement contributions made during the fiscal year shall receive one-half year's credited investment return.
Source: SL 2016, ch 32, § 21; SDCL § 3-12-519; SL 2019, ch 22, § 1; SL 2022, ch 15, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 3-12C-1301
What does South Dakota Codified Laws § 3-12C-1301 cover?
Section 3-12C-1301 ("Variable retirement accounts of generational members--Contributions and credited investment return.") 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-1301?
A common citation format is "South Dakota Codified Laws § 3-12C-1301" (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-1301 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.