Home > 2015 SD Legislative Session > Senate Retirement Laws has six bills on Weds Feb 4

Senate Retirement Laws has six bills on Weds Feb 4

February 4, 2015

Roadsign-old-folksOn Wednesday, February 4th, at 3:00 PM (or immediately after session)  the SD Senate Retirement Laws committee will take on 6 bills. This is one of the committees that only meets when required.

I am not going to go offer any comments on the five House Bills. I do not have sufficient knowledge of SDRS. All five bill passed House Retirement and the House Floor with no opposition.

SB 168 – SoDakLiberty Posts – Establish a legislative task force to study elder abuse in South Dakota.

Sen David Novstrup (R, Dist 3) and Rep Timothy Johns (R, Dist 31) are the prime sponsors. The task-force created would have 11 members. I believe this is a problem, but I’m not sure it is one the states bigger problems…

HB 1007 SoDakLiberty Posts – Revise and update certain provisions relating to the South Dakota Retirement System.

HB 1008 – SoDakLiberty Posts – Provide for a consistent refund methodology for members of the South Dakota Retirement System and their beneficiaries.

HB 1009 – SoDakLiberty Posts – Limit the recovery of certain overpayments made by the South Dakota Retirement System.

HB 1010 SoDakLiberty Posts – Revise certain provisions relating to disability and surviving spouse benefits for members of the South Dakota Retirement System.

HB 1011 – SoDakLiberty Posts – Provide for automatic increases in the accounts of automatically-enrolled participants of the deferred compensation plan of the South Dakota Retirement System.

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