{"data":{"id":"us-sd/sdcl-9-16-3","jurisdiction":"us-sd","citation":"SDCL § 9-16-3","heading":"Ordinance establishing retirement system--Provisions to be included.","body":"The governing body of any municipality of the first class, after authorization as provided in § 9-16-1 or 9-16-2, may adopt an ordinance establishing a retirement system covering the employees, elective officers, and appointive officers of the municipality. The ordinance shall provide rules and regulations governing the operation of the retirement system; shall prescribe the membership of the retirement system; shall provide for the retirement of members; shall provide for the payment of annuities, pensions, or retirement allowances or may provide for actuarial equivalents thereof in the event of retirement, disability, or death; shall create a Board of Trustees in whom is vested the responsibility for the management of the retirement system; shall provide for the financing of the retirement system by contributions; and shall provide for the investment of the moneys of the retirement system.","path":["TITLE 9. MUNICIPAL GOVERNMENT","CHAPTER 9-16. CITY RETIREMENT SYSTEMS AND PENSIONS"],"source_url":"https://sdlegislature.gov/Statutes/9-16-3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"ce24f2d23a13ba04bc3fdd9e0add5f38b14508a03b8bc825ff1c093e2d980731","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-9-16-2","next":"us-sd/sdcl-9-16-3.1"},"notice":"GroundRules: Original legal text. Not legal advice."}