Section 3-12-90 - Commencement of benefits on early or normal retirement--Termination of benefits--Maximum retroactive benefits on late application. - South Dakota Statutes

3-12-90. Commencement of benefits on early or normal retirement--Termination of benefits--Maximum retroactive benefits on late application. Benefits paid upon early or normal retirement shall commence on the earlier of the member's required beginning date or on the first day of the month following the later of, the date on which the member's contributory service terminated, thirty days after the written application for retirement benefits is received in the office of the administrator, or the date specified in the member's application for retirement. In any event the benefit shall be paid from the first day of the month. The last payment shall be made from the first day of the month in which the member's death occurs.
An individual who fails to make a timely application for retirement benefits may receive up to a maximum of three months of benefits retroactive to the date on which the member's contributory service terminated.

Source: SL 1967, ch 303, § 7; SDCL, § 3-12-27; SL 1968, ch 216, § 1; SDCL Supp, § 3-12-25; SL 1970, ch 25, § 5; SL 1974, ch 35, § 46; SL 1978, ch 32, § 4; SL 1993, ch 42, § 4.