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South Dakota Retirement System Sound

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South Dakota Retirement System Sound

The Board of Trustees of the South Dakota State Retirement System voted to move over six hundred thirty million dollars and apply it to unfunded long term liabilities. New board member, Lieutenant Governor Matt Michels says it sets South Dakota apart…

Michels says the move allows the system to reinvest future earnings…

Michels says having the system one hundred percent funded means security for those that depend on it…

There is about three hundred thirteen million dollars left in the systems savings account, and the total investment portfolio is now over nine point one billion dollars. The state retirement system has over seventy seven thousand members, with almost twenty four thousand getting payments.

 

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