Section 3-12-192 - Type of supplemental pension benefits based on marital status. - South Dakota Statutes

3-12-192. Type of supplemental pension benefits based on marital status. A supplemental pension participant shall receive one of two types of supplemental pension benefits:
(1) A supplemental pension benefit payable monthly for the lifetime of the participant; or
(2) A supplemental pension benefit payable monthly for the lifetime of the participant and, upon the death of the participant, a supplemental pension benefit payable monthly to the participant's supplemental pension spouse equal to sixty percent of the monthly benefit amount that the participant was receiving at the time of death.
A participant who is not married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (1) and a participant who is married at the time of the supplemental pension benefit purchase may contract only for a supplemental pension benefit as described in subdivision (2).

Source: SL 2008, ch 24, § 5.