{"data":{"id":"us-sd/sdcl-3-12c-1112.1","jurisdiction":"us-sd","citation":"SDCL § 3-12C-1112.1","heading":"Adjustment of early retirement benefits--Rescind election of annuity payment option--Overpayments.","body":"A member may not elect to change normal payment of the member's retirement annuity in favor of adjusted payments pursuant to § 3-12C-1112, or the opposite if more than one monthly retirement annuity payment has been made to the member. If a member who has received one adjusted payment, pursuant to § 3-12C-1112, elects to change to the normal method of payment, the system must deduct, in a lump sum, the amount of the resulting overpayment from the member's next monthly annuity payment. A deduction may be up to one hundred percent of the member's normal benefit and may extend to subsequent benefit payments to eliminate the overpayment in the shortest time possible.","path":["TITLE 3. PUBLIC OFFICERS AND EMPLOYEES","CHAPTER 3-12C. SOUTH DAKOTA RETIREMENT SYSTEM"],"source_url":"https://sdlegislature.gov/Statutes/3-12C-1112.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"62595bd5b6fc71141cd789b019dd221bf316955ec6e6f06ce24ab52f32622a87","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-3-12c-1112","next":"us-sd/sdcl-3-12c-1113"},"notice":"GroundRules: Original legal text. Not legal advice."}