<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbb000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=62:01:02:10"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000000">62:01:02:10</span></a><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000001">.  Preparation and expiration of a contract to purchase credited service.</span><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0"> If a member chooses to purchase credited service pursuant to SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-504"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">504</span></a><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-509"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">509</span></a><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">, or </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-511"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">511</span></a><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">, system staff shall prepare a contract for the purchase and shall mail the contract to the member for the member's signature. The contract shall include provisions outlining the amount of credited service to be purchased, the duration of the contract, the total cost of the purchase, and the number and amount and timeliness of payments. If the member does not sign, date, and return the contract to the system within 45 days from the date it is mailed, the contract expires.</span></p><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbb000003"> </span></p><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">    </span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000001">Source:</span><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0"> 35 SDR 82, effective October 22, 2008; 45 SDR 142, effective July 1, 2019</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">; 47 SDR 138, effective July 1, 2021</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">.</span></p><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">    </span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000001">General Authority:</span><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-211"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">211</span></a><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">.</span></p><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">    </span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000001">Law Implemented:</span><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-504"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">504</span></a><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-509"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">509</span></a><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-511"><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">3-12</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">C</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">-</span><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0-000002">511</span></a><span class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbC0">.</span></p><p dir="ltr" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbbP0"><span xml:space="preserve" class="sfeaa0cbd-e575-4c6e-9f8e-03717c49bfbb000003"> </span></p></div></body></html>