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Board endorses Daugaard’s plan to merge cement-plant, state retirement funds

December 5, 2013 in Uncategorized

PIERRE — Trustees for the South Dakota Retirement System gave their endorsement Wednesday for the governor’s plan to fix the state cement-plant retirement fund.

The vote was 12-2 in favor of the concept that Gov. Dennis Daugaard had outlined…continue reading on mitchellrepublic.com

Board endorses Daugaard’s plan to merge cement-plant, state retirement funds

December 5, 2013 in Uncategorized

PIERRE — Trustees for the South Dakota Retirement System gave their endorsement Wednesday for the governor’s plan to fix the state cement-plant retirement fund.

The vote was 12-2 in favor of the concept that Gov. Dennis Daugaard had outlined…continue reading on mitchellrepublic.com

Cement plant retirees could face lump-sum payouts

April 4, 2013 in The Daily Republic

The system is still many millions of dollars short of what is expected to be needed to meet all of its obligations for decades to come.
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Cement Plant retirement fund in shambles

December 6, 2012 in The Daily Republic

New administrators find mess after taking fund over in 2010. Continue Reading

ATTORNEY GENERAL’S EXPLANATION OF AMENDMENT O

October 25, 2012 in The Daily Republic

Currently, the Constitution requires a yearly transfer of $12 million from the cement plant trust fund to the state general fund.
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SD House wants another ballot attempt to change cement plant payouts

February 14, 2012 in The Daily Republic

PIERRE The state House of Representatives decided Monday to ask South Dakota voters a second time whether they want to change how much money is taken annually from the state’s cement-plant trust fund.
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