South Dakota § 3-12C-227 - System annual actuarial valuation--Basis--Report of change.
Full text of South Dakota South Dakota Codified Laws § 3-12C-227 — System annual actuarial valuation--Basis--Report of change., with citation guidance and answers to common questions.
§ 3-12C-227. System annual actuarial valuation--Basis--Report of change.
The actuarial valuation required by § 3-12C-226, must be based on actuarial assumptions adopted by the board, as a result of an actuarial experience analysis. The board may not make any change in the actuarial assumptions unless the approved actuary retained to make the actuarial valuation certifies that the change is reasonable. If the board makes a change, the board must report the change to the Governor and to the Retirement Laws Committee. The report must include the actuary's and board's analysis of the conditions that led to the change.
Source: SL 1974, ch 35, § 76; SL 1980, ch 31, § 2; SL 2004, ch 42, § 2; SDCL § 3-12-121; SL 2019, ch 22, § 1; SL 2025, ch 27, § 24.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 3-12C-227
What does South Dakota Codified Laws § 3-12C-227 cover?
Section 3-12C-227 ("System annual actuarial valuation--Basis--Report of change.") 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-227?
A common citation format is "South Dakota Codified Laws § 3-12C-227" (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-227 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.