South Dakota 2024 Regular Session

South Dakota House Bill HC8007

Caption

Recognizing and expressing gratitude for fifty years of prudent and reliable financial stewardship of the state pension program by the South Dakota Retirement System.

Impact

The commemorative aspect of HC8007 emphasizes the stability and benefit provided by SDRS over the past five decades. It notes the importance of SDRS in achieving financial security for its members, which has involved careful management of funds and policies intended to sustain a fully funded retirement system. Such recognition may bolster public trust in the retirement systems and highlight the effective governance provided by the SDRS Board of Trustees.

Summary

House Commemoration 8007 seeks to recognize and express gratitude for the fifty years of diligent and reliable financial management of the state pension system by the South Dakota Retirement System (SDRS). Aimed at honoring the establishment of SDRS and its substantial growth and success since its inception on July 1, 1974, the bill highlights the importance of prudent financial stewardship and the significant role SDRS has played in providing benefits to public employees across South Dakota.

Sentiment

The sentiment surrounding HC8007 is largely positive, reflecting appreciation for the financial oversight and growth of the SDRS. The bill's acknowledgment of SDRS as a model retirement system reinforces community confidence in the management of pension funds. There is a strong emphasis on gratitude for the contributions made by trustees and government branches towards the success of the retirement system, signaling a united front in support of public employee benefits.

Contention

While HC8007 focuses on celebration rather than legislative change, it may still open discussions about future pension reforms or adjustments based on the system’s successes and challenges. The recognition of SDRS's accomplishments might stimulate dialogue on maintaining or enhancing benefits provided to public employees, as well as the importance of continued support from state leadership to ensure sustainable pension management.

Companion Bills

No companion bills found.

Previously Filed As

SD HB1009

Update and clarify certain provisions relating to the South Dakota Retirement System.

SD HB1008

Revise provisions relating to actuarial terminology used by the South Dakota Retirement System.

SD HB1007

Add emergency medical services personnel to Class B public safety membership of the South Dakota Retirement System.

SD HB1119

To classify 911 telecommunicators as Class B members of the South Dakota Retirement System.

SD SB37

Revise provisions pertaining to the South Dakota School for the Deaf.

SD SC807

Honoring Nyapal Chuol of Sioux Falls, South Dakota Girls State Governor, and Jason Lenning of Harrisburg, South Dakota Boys State Governor, and commending the South Dakota American Legion and Auxiliary for their sponsorship and coordination of the Girls State and Boys State programs.

SD HC8004

Recognizing South Dakota Infertility Awareness Day and families from South Dakota Surrogacy, Inc.

SD HB1151

Create the South Dakota paid family leave program.

SD HC8013

To celebrate the fiftieth anniversary of the establishment of the National Wild Turkey Federation and recognize the organization's significant contributions to scientific wildlife management, research, and habitat conservation, as well as promoting and protecting the long-honored outdoor traditions of the United States of America.

SD SC809

Commending and honoring those members of the United States Armed Forces who have been stationed in South Korea on the seventieth anniversary of the armistice which ended the fighting.

Similar Bills

No similar bills found.