South Dakota Codified Laws 9-16-26. Refund of members’ contributions on termination of employment prior toretirement
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In the event any member leaves city service before a pension becomes payable on account of his participation in the said pension fund, the total of his contributions to the said fund may be either retained by the said fund or returned to the said individual or his legal representative either with or without interest additions, as the city shall determine by ordinance.
Terms Used In South Dakota Codified Laws 9-16-26
- ordinance: as used in this title shall mean a permanent legislative act of the governing body of a municipality within the limits of its powers. See South Dakota Codified Laws 9-19-1
Source: SDC 1939, § 45.1206 (5) (a) as added by SL 1955, ch 202, § 1.