B-4form 11-09 doc - sdrs sd 2025

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The SDRS Supplemental Retirement Plan (SRP) is a 457(b) plan, which is a cousin to a 401(k) plan, and has many similarities and some strong advantages. One of their differences is that they were initially for use by different groups of people.
The SDRS Special Pay Plan (SDRS-SPP) is an additional retirement plan funded by an eligible employees special pay (termination pay) which is compensation other than regular salary or wages accumulated by an employee and converted to a lump-sum amount at termination of employment.
The rule of 85 is a pension calculation method used by certain public retirement systems, particularly for state and local government employees. It allows an employee to qualify for full retirement benefits when their age plus years of credited service equal 85.
It applies when the sum of a workers age and years of service equals 85 or more. This rule typically benefits long-term employees who began working at a younger age, allowing them to retire earlier than standard age-based criteria would permit.
The Rule of 84 allows long-service participants who do not qualify for a PEER program to retire at any age (even before age 55). Unlike PEER, early retirement benefits under the Rule of 84 are reduced but are still higher than under the other types of early retirement benefits payable at the same age.
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South Dakota ranked a top-10 place to retire. Retirement can be a big change! If one of those changes is the potential of moving, theres lots to consider. Seniorly, an online senior living marketplace and resource hub for seniors, has released a ranking of the best and worst states to retire in 2025.
The 85 factor is calculated by adding together your age and years of service at retirement. If the total equals at least 85 points, youre entitled to an unreduced PSPP pension as early as your 55th birthday.

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