S.D. Codified Laws § 3-12C-1637

Current through the 2024 Legislative Session

Section 3-12C-1637 - Calculation of Huron firefighter benefits

Upon retirement, each member described in § 3-12C-1635 who is an active firefighter in the employ of the city of Huron on July 1, 1998, shall receive the greater of:

(1) The member's retirement benefit calculated under this chapter; or

(2) The member's retirement benefit calculated under the city of Huron firemen pension fund based on credited service up to June 30, 1998, and compensation up to June 30, 1998, and utilizing the fund's benefit terms and benefit formula.

In either case, such retirement benefit shall be increased in accordance with the provisions of § 3-12C-703, shall be paid from the fund established by this chapter and shall be funded pursuant to §§ 3-12C-1638 and 3-12C-401. Any benefit granted pursuant to subdivision (2) may not include a benefit pursuant to § 3-12C-1114.

SDCL 3-12C-1637

SL 1998, ch 22, §3; SL 2017, ch 27, §31; SDCL § 3-12-161; SL 2019, ch 22, §1.