<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-503 - Credited service defined--Generational members.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sf756888e511e431fb55acd59c92a538dNormal { 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.sf756888e511e431fb55acd59c92a538dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf756888e511e431fb55acd59c92a538dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sf756888e511e431fb55acd59c92a538dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; 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font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf756888e511e431fb55acd59c92a538dSCL { 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-503 - Credited service defined--Generational members."><meta property="og:description" content="SDLRC Codified Law 3-12C-503 - Credited service defined--Generational members."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-12C-503"><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="sf756888e511e431fb55acd59c92a538dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-503" rel="noopener"><span class="sf756888e511e431fb55acd59c92a538dSENU">3-12C-503</span></a><span xml:space="preserve" class="sf756888e511e431fb55acd59c92a538dSENU">. </span><span class="sf756888e511e431fb55acd59c92a538dCL">Credited service defined--Generational members.</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dStatute"><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">For any generational member, "credited service" means the sum of the following:</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dStatuteNumber1"><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">(1)    Years of service, or fractions thereof, for which a member contribution was made to the system;</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dStatuteNumber1"><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">(2)    Any period of authorized leave of absence or sick leave with pay, for which a deduction for any member contribution was made, deposited, and credited to the fund;</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dStatuteNumber1"><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">(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</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dStatuteNumber1"><span xml:space="preserve" class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">(4)    Any period during which a member is on an authorized leave of absence to enter military service, if the member fulfills the requirements set forth in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-514" rel="noopener"><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">3-12C-514</span></a><span class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont">.</span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dNormal"><span xml:space="preserve" class="sf756888e511e431fb55acd59c92a538d000000"> </span></p><p dir="ltr" class="sf756888e511e431fb55acd59c92a538dNoIndent"><span xml:space="preserve" class="sf756888e511e431fb55acd59c92a538dDefaultParagraphFont-000001">Source: </span><span class="sf756888e511e431fb55acd59c92a538dSCL">SL 2016, ch 32, § 2; SDCL § 3-12-501; SL 2019, ch 22, § 1; SL 2025, ch 27, § 34.</span></p></div></body></html>