{"data":{"id":"us-sd/sdcl-3-12c-711","jurisdiction":"us-sd","citation":"SDCL § 3-12C-711","heading":"Maximum annual benefit--Promulgation of rules--Tax qualification--Limitation year defined.","body":"The board may promulgate rules, in accordance with chapter 1-26, to regulate the maximum annual benefit that may be paid to a member. The rules must be consistent with maintaining the tax qualification of the system. No benefit may exceed the limitations imposed by § 415 of the Internal Revenue Code, as indexed pursuant to § 415(d)(1) of the Internal Revenue Code.\nFor purposes of administering the limitations imposed by § 415, \"limitation year\" means a period extending from July first of one calendar year through June thirtieth of the following calendar year.","path":["TITLE 3. PUBLIC OFFICERS AND EMPLOYEES","CHAPTER 3-12C. SOUTH DAKOTA RETIREMENT SYSTEM"],"source_url":"https://sdlegislature.gov/Statutes/3-12C-711","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"44472f7a9ed68648bf292606c48df2b6d2f9e9327210d5b12097af2eb0b724b2","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-3-12c-710","next":"us-sd/sdcl-3-12c-711.1"},"notice":"GroundRules: Original legal text. Not legal advice."}