61-6-5. Benefits payable for each week of unemployment--Reduction for wages earned or received during week.

For each individual who is unemployed in any week, as defined in §§ 61-1-51 to 61-1-54, inclusive, benefits with respect to that week are paid in an amount determined by § 61-6-2. A benefit amount that is not a multiple of one dollar, is computed to the next lower multiple of one dollar. However, the benefit paid is reduced by seventy-five percent of the amount by which the wages or earnings exceed twenty-five dollars per week, and no benefit payment is made if the wages or earnings equal or exceed the weekly benefit amount.

Source: SDC 1939, § 17.0828 (3) (b) as added by SL 1939, ch 86, § 5; SDC 1939, § 17.0828 (3) as enacted by SL 1941, ch 83, § 7; SL 1943, ch 82, § 1; SL 1947, ch 90, § 1; SL 1951, ch 97, § 1; SL 1953, ch 76, § 5; SL 1957, ch 88, § 3; SL 1963, ch 122, § 2; SL 1979, ch 348, § 2A; SL 1983, ch 379, § 2; SL 1984, ch 333, § 2; SL 1990, ch 414, § 1; SDCL § 61-6-1; SL 2012, ch 252, § 59.