South Dakota Retirement System

People who sit on the board of South Dakota's public retirement plan are considering changes to the pension. Those considerations include adding two years to the age for normal retirement.  The changes would not change the plan for anyone who is already a part of the South Dakota Retirement System, but they would apply to anyone new entering the program.  SDPB's Kealey Bultena has this conversation with Executive Director Rob Wylie.

South Dakota Retirement System

Leaders examining the South Dakota Retirement System are considering increasing the retirement age to 67. It’s one of many proposed changes experts say could keep the pension program sustainable. State lawmakers must approve any new regulations, and the SDRS executive director says none of them impact people currently enrolled.

The South Dakota Retirement System has about 80,000 members. It’s the consolidated retirement program for state employees, school districts, most cities, counties, and other public entities.