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SD State Retirement System On the Numbers

SD State Retirement System On the Numbers

Photo: WNAX


A report by Standard & Poors, a national credit rating agency, shows the South Dakota State retirement system as the top funded public system in the country.
Governor Dennis Daugaard says the system runs very tightly…..

Daugaard says the board that oversees the system has been very careful making changes….

The state system has one hundred four percent of the assets needed to pay its obligations.
Daugaard says most states don’t keep their systems in balance…..

Kentucky has the worst ratio, with the ability to meet only thirty seven percent of their future costs.

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