20:16:17:08.  Qualifications for early retirement pension. An employee or former employee is entitled to an early retirement pension if the employee meets all the following requirements:

          (1)  Has attained the age of 62 but has not yet attained age 65;

          (2)  Has accumulated at least five years of credited service;

          (3)  Has terminated from active employment with the commission.

          Source: 28 SDR 109, effective February 11, 2002; 36 SDR 207, effective July 1, 2010; 40 SDR 197, effective May 27, 2014; 45 SDR 142, effective July 1, 2019.

          General Authority: SDCL 3-12C-1647.

          Law Implemented: SDCL 3-12C-1643, 3-12C-1644.