3-12C-222Application of forfeitures.

Forfeitures arising because of termination of employment before the member becomes eligible for benefits or for any other reason shall be applied to reduce the costs of the system and not to increase the benefits otherwise payable to members.

Source: SL 1984, ch 23, § 5; SDCL § 3-12-76.2; SL 2019, ch 22, § 1.