South Dakota Codified Laws 9-16-11. Previously granted pensions as obligation of retirement system
Current as of: 2023 | Check for updates
|
Other versions
All pensions granted by a first or second class municipality prior to the adoption of a retirement system under § 9-16-3 shall become an obligation of the retirement system adopted by said municipality under said section.
Terms Used In South Dakota Codified Laws 9-16-11
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1949, ch 183, § 6; SDC Supp 1960, § 45.1204-2; SL 1992, ch 60, § 2.