Authorization:
Chapter 3-12 of the South Dakota Codified Laws
Activities:
Plan, implement and administer income replacement programs that give SDRS members and their families the opportunity to achieve financial security at retirement, death or disability by providing an outstanding, appropriate and equitable level of benefits.
Organization:
South Dakota Retirement System
Composition:
Fourteen elected members and two appointed by the Governor as follows: 1. One head of a principal department established pursuant to SDCL 1-32-2 or one head of a bureau under the Office of Executive Management established pursuant to SDCL 1-33-3; and, 2. One member at large
Term of Appointment:
Governor's Appointees serve at the pleasure of the Governor

Contact Info:
Toll-Free: 1-888-605-SDRS (7377) Local: 1-605-773-3731

Mission Statement:
MISSION STATEMENT To plan, implement, manage, and efficiently administer financially sound and sustainable retirement income programs within the fixed resources available. CORE VALUES Provide members and their families the opportunity to achieve financial security at retirement, death or disability by delivering adequate, appropriate, and equitable benefits,and promote, encourage and facilitate additional member savings for retirement. LONG-TERM INCOME REPLACEMENT GOALS Provide lifetime income replacement of at least 55% of final average compensation for career employees in each membership class. Promote total lifetime income replacement of at least 85% of final average compensation, including income from SDRS, Social Security, and personal retirement savings of at least one time annual compensation at retirement.