3-12C-503. Credited service defined for generational members.

For any generational member, the term, credited service, means the sum of the following:

(1)    Years of service, or fractions thereof, for which member contributions were made to the system;

(2)    Any period of authorized leave of absence or sick leave with pay for which deductions for member contributions are made, deposited, and credited to the fund;

(3)    Any period of authorized leave of absence or sick leave without pay or temporary layoff, during or for which a member obtained credit by payments to the fund made in lieu of salary deductions; and

(4)    Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the provisions of § 3-12C-514.

Source: SL 2016, ch 32, § 2; SDCL § 3-12-501; SL 2019, ch 22, § 1.