The Trustees of the South Dakota Retirement System will ask the 2017 legislature to make changes to benefit payments.
South Dakota Lieutenant Governor Matt Michels, one of the trustees, says they need to cut back on the automatic increases…..

Michels says no one that is receiving benefits will get less than they are now…..

Michels says future benefit increases will depend on several factors…..

Michels says investment forecasts have been too optimistic, and were also scaled back. The state retirement system is one of a handful in the country which is fully funded.