<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-12C-1505 - COLA applicable to supplemental pension benefits.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083189Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083189SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083189CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083189Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083189DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083189000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083189NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083189DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083189SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-12C-1505 - COLA applicable to supplemental pension benefits."><meta property="og:description" content="SDLRC Codified Law 3-12C-1505 - COLA applicable to supplemental pension benefits."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=3-12C-1505"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083189Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-12C-1505" rel="noopener"><span class="s2083189SENU">3-12C-1505</span></a><span xml:space="preserve" class="s2083189SENU">. </span><span xml:space="preserve" class="s2083189CL">COLA applicable to supplemental pension benefits. </span></p><p dir="ltr" class="s2083189Statute"><span xml:space="preserve" class="s2083189DefaultParagraphFont">A supplemental pension participant shall receive a COLA applicable to the participant's supplemental pension benefit for each year commencing on the July first following the date on which the benefit was first payable, and equal to the COLA determined under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-12C-704" rel="noopener"><span class="s2083189DefaultParagraphFont">3-12C-704</span></a><span class="s2083189DefaultParagraphFont">. However, no COLA is payable if the participant has received payments for less than twelve months.</span></p><p dir="ltr" class="s2083189Normal"><span xml:space="preserve" class="s2083189000000"> </span></p><p dir="ltr" class="s2083189NoIndent"><span xml:space="preserve" class="s2083189DefaultParagraphFont-000001">Source: </span><span xml:space="preserve" class="s2083189SCL">SL 2008, ch 24, § 6; SL 2010, ch 20, § 15; SL 2016, ch 31, § 31; SL 2017, ch 27, § 32; SDCL § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=3-12-193" rel="noopener"><span class="s2083189SCL">3-12-193</span></a><span class="s2083189SCL">; SL 2019, ch 22, § 1; SL 2021, ch 26, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-12C-1505 - COLA applicable to supplemental pension benefits.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s48b46d33ef2e4e3ebdeb7d3f0275a87cNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87cSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87cCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s48b46d33ef2e4e3ebdeb7d3f0275a87cNormal-000000 { margin-left: 0.25in; text-indent: 0.50in; text-align: justify; background: #FFFFFF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87cDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87c000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s48b46d33ef2e4e3ebdeb7d3f0275a87cNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87cDefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s48b46d33ef2e4e3ebdeb7d3f0275a87cSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-12C-1505.1 - Increase in supplemental pension spouse s benefit."><meta property="og:description" content="SDLRC Codified Law 3-12C-1505.1 - Increase in supplemental pension spouse s benefit."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-12C-1505.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1505.1" rel="noopener"><span class="s48b46d33ef2e4e3ebdeb7d3f0275a87cSENU">3-12C-1505.1</span></a><span xml:space="preserve" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cSENU">. </span><span class="s48b46d33ef2e4e3ebdeb7d3f0275a87cCL">Increase in supplemental pension spouse s benefit.</span></p><p dir="ltr" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cNormal-000000"><span class="s48b46d33ef2e4e3ebdeb7d3f0275a87cDefaultParagraphFont">A supplemental pension spouse's benefit must receive an annual increase in the same manner as does a participant's benefit.</span></p><p dir="ltr" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cNormal"><span xml:space="preserve" class="s48b46d33ef2e4e3ebdeb7d3f0275a87c000001"> </span></p><p dir="ltr" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cNoIndent"><span xml:space="preserve" class="s48b46d33ef2e4e3ebdeb7d3f0275a87cDefaultParagraphFont-000002">Source: </span><span class="s48b46d33ef2e4e3ebdeb7d3f0275a87cSCL">SL 2025, ch 27, § 58.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-12C-1505 - COLA applicable to supplemental pension benefits.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s29ade8de54ac463a832de0b9fa75e4a6Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s29ade8de54ac463a832de0b9fa75e4a6SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s29ade8de54ac463a832de0b9fa75e4a6CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s29ade8de54ac463a832de0b9fa75e4a6Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s29ade8de54ac463a832de0b9fa75e4a6DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s29ade8de54ac463a832de0b9fa75e4a6000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s29ade8de54ac463a832de0b9fa75e4a6NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s29ade8de54ac463a832de0b9fa75e4a6DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s29ade8de54ac463a832de0b9fa75e4a6SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-12C-1505.2 - No value increase for single premium."><meta property="og:description" content="SDLRC Codified Law 3-12C-1505.2 - No value increase for single premium."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-12C-1505.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s29ade8de54ac463a832de0b9fa75e4a6Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1505.2" rel="noopener"><span class="s29ade8de54ac463a832de0b9fa75e4a6SENU">3-12C-1505.2</span></a><span xml:space="preserve" class="s29ade8de54ac463a832de0b9fa75e4a6SENU">. </span><span class="s29ade8de54ac463a832de0b9fa75e4a6CL">No value increase for single premium.</span></p><p dir="ltr" class="s29ade8de54ac463a832de0b9fa75e4a6Statute"><span class="s29ade8de54ac463a832de0b9fa75e4a6DefaultParagraphFont">For purposes of calculating any beneficiary payment, a participant's single premium does not increase in value during the period of the supplemental pension contract.</span></p><p dir="ltr" class="s29ade8de54ac463a832de0b9fa75e4a6Normal"><span xml:space="preserve" class="s29ade8de54ac463a832de0b9fa75e4a6000000"> </span></p><p dir="ltr" class="s29ade8de54ac463a832de0b9fa75e4a6NoIndent"><span xml:space="preserve" class="s29ade8de54ac463a832de0b9fa75e4a6DefaultParagraphFont-000001">Source: </span><span class="s29ade8de54ac463a832de0b9fa75e4a6SCL">SL 2025, ch 27, § 59.</span></p></div></body></html>