<html> <head> <title>Rule 20:16:18:09 Amount of the early retirement pension.</title> <META NAME="Keywords" Content="Administrative Rules 20:16:18:09"> <META NAME="Description" Content="Administrative Rules 20:16:18:09 Amount of the early retirement pension."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman",serif;} p.MsoHeading7, li.MsoHeading7, div.MsoHeading7 {mso-style-link:"Heading 7 Char"; margin:0in; margin-bottom:.0001pt; text-align:justify; page-break-after:avoid; font-size:12.0pt; font-family:"Times New Roman",serif;} p.MsoCommentText, li.MsoCommentText, div.MsoCommentText {mso-style-link:"Comment Text Char"; 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padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'><b>Years of Credited Service</b></p> </td> <td width=73 valign=top style='width:55.05pt;border:solid windowtext 1.0pt; border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p> <p class=MsoNormal align=center style='text-align:center'><b>Age 62</b></p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border:solid windowtext 1.0pt; border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoHeading7 align=center style='text-align:center'><b>&nbsp;</b></p> <p class=MsoHeading7 align=center style='text-align:center'><b>Age 63</b></p> </td> <td width=73 colspan=2 valign=top style='width:55.05pt;border:solid windowtext 1.0pt; border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p> <p class=MsoNormal align=center style='text-align:center'><b>Age 64</b></p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border:solid windowtext 1.0pt; border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoHeading7 align=center style='text-align:center'><b>&nbsp;</b></p> <p class=MsoHeading7 align=center style='text-align:center'><b>Age 65</b></p> </td> </tr> <tr style='page-break-inside:avoid;height:13.0pt'> <td width=129 valign=top style='width:96.45pt;border:solid windowtext 1.0pt; border-top:none;padding:0in 5.4pt 0in 5.4pt;height:13.0pt'> <p class=MsoNormal align=center style='text-align:center'>Less than 26</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.0pt'> <p class=MsoNormal align=center style='text-align:center'>&nbsp; 91%</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.0pt'> <p class=MsoHeading7 align=center style='text-align:center'>&nbsp; 94%</p> </td> <td width=73 colspan=2 valign=top style='width:55.05pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.0pt'> <p class=MsoNormal align=center style='text-align:center'>&nbsp; 97%</p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.0pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td style='border:none;padding:0in 0in 0in 0in' width=1><p class='MsoNormal'>&nbsp;</td> </tr> <tr style='page-break-inside:avoid;height:11.65pt'> <td width=129 valign=top style='width:96.45pt;border:solid windowtext 1.0pt; border-top:none;padding:0in 5.4pt 0in 5.4pt;height:11.65pt'> <p class=MsoNormal align=center style='text-align:center'>26</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:11.65pt'> <p class=MsoNormal align=center style='text-align:center'>&nbsp; 94%</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:11.65pt'> <p class=MsoHeading7 align=center style='text-align:center'>&nbsp; 97%</p> </td> <td width=73 colspan=2 valign=top style='width:55.05pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:11.65pt'> <p class=MsoNormal align=center style='text-align:center'>100%</p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:11.65pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td style='border:none;padding:0in 0in 0in 0in' width=1><p class='MsoNormal'>&nbsp;</td> </tr> <tr style='page-break-inside:avoid;height:9.85pt'> <td width=129 valign=top style='width:96.45pt;border:solid windowtext 1.0pt; border-top:none;padding:0in 5.4pt 0in 5.4pt;height:9.85pt'> <p class=MsoNormal align=center style='text-align:center'>27</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.85pt'> <p class=MsoCommentText align=center style='text-align:center'><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>&nbsp; 97%</span></p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.85pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td width=73 colspan=2 valign=top style='width:55.05pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.85pt'> <p class=MsoNormal align=center style='text-align:center'>100%</p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.85pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td style='border:none;padding:0in 0in 0in 0in' width=1><p class='MsoNormal'>&nbsp;</td> </tr> <tr style='page-break-inside:avoid;height:9.4pt'> <td width=129 valign=top style='width:96.45pt;border:solid windowtext 1.0pt; border-top:none;padding:0in 5.4pt 0in 5.4pt;height:9.4pt'> <p class=MsoNormal align=center style='text-align:center'>28 and over</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.4pt'> <p class=MsoNormal align=center style='text-align:center'>100%</p> </td> <td width=73 valign=top style='width:55.05pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.4pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td width=73 colspan=2 valign=top style='width:55.05pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.4pt'> <p class=MsoNormal align=center style='text-align:center'>100%</p> </td> <td width=73 colspan=2 valign=top style='width:55.1pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:9.4pt'> <p class=MsoHeading7 align=center style='text-align:center'>100%</p> </td> <td style='border:none;padding:0in 0in 0in 0in' width=1><p class='MsoNormal'>&nbsp;</td> </tr> <tr height=0> <td width=129 style='border:none'></td> <td width=73 style='border:none'></td> <td width=73 style='border:none'></td> <td width=0 style='border:none'></td> <td width=73 style='border:none'></td> <td width=0 style='border:none'></td> <td width=73 style='border:none'></td> <td width=1 style='border:none'></td> </tr> </table> </div> <p class=MsoNormal>&nbsp;</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 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.</p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=3-12C-1647">3-12C-1647.</A></p> <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=3-12C-1643">3-12C-1643</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=3-12C-1644">3-12C-1644.</A></p> <p class=MsoNormal>&nbsp;</p> </div> </body> </html>