South Dakota Codified Laws > Title 6 > Chapter 2 – Liquidation of Retirement Programs
Current as of: 2023 | Check for updates
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Other versions
| § 6-2-1 | Liquidation authorized–Vested rights protected |
| § 6-2-2 | Security for employees retired before liquidation–Retention of funds |
| § 6-2-3 | Judges’ retirement program unaffected |
Terms Used In South Dakota Codified Laws > Title 6 > Chapter 2 - Liquidation of Retirement Programs
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.