ARSD 20:16:19:09 – Amount of the early retirement pension.

The amount of the early retirement pension shall be determined by calculating the amount of the normal pension to which the employee would be entitled if the employee were age 65 on the effective date of the employee's early retirement pension times the appropriate percentage or pro rated percentage from the table below:

Years of Credited Service

Age 55

Age 56

Age 57

Age 58

Age 59

Age 60

Age 61

Age 62

Age 63

Age 64

Age 65

Less than 21

70%

73%

76%

79%

82%

85%

88%

91%

94%

97%

100%

73%

76%

79%

82%

85%

88%

91%

94%

97%

100%

76%

79%

82%

85%

88%

91%

94%

97%

100%

79%

82%

85%

88%

91%

94%

97%

100%

82%

85%

88%

91%

94%

97%

100%

85%

88%

91%

94%

97%

100%

88%

91%

94%

97%

100%

91%

94%

97%

100%

94%

97%

100%

97%

100%

Source: 28 SDR 109, effective February 11, 2002; 36 SDR 2010, effective July 1, 2010; 40 SDR 197, effective May 27, 2014; 45 SDR 142, effective July 1, 2019.

General Authority: SDCL 3-12C-1647.

Law Implemented: SDCL 3-12C-1643 , 3-12C-1644.

Prior versions effective: 2014-05-27.