SDRS retirement benefits are calculated using a formula that uses a member's final average compensation (FAC), years of credited service, and a benefit multiplier.
| Foundation Member Joined SDRS prior to July 1, 2017 | Generational Member Joined SDRS on or after July 1, 2017 | ||
| Class A If you are a Class A Foundation member, two formulas are used to determine your benefits: the standard benefit formula and the alternate benefit formula. You will receive the larger based on these formulas. For most members, the standard formula will yield the larger benefit. The alternative benefit formula is financed by an additional employer contribution of 6.2% of the member's salary that exceeds the maximum taxable amount for Social Security in any calendar year. | Standard Benefit Formula 1.7% x FAC x Credited Service before 7/1/2008 Plus 1.55% x FAC x Credited Service after 7/1/2008 Alternate Benefit Formula 2.4% x FAC x Credited Service before 7/1/2008 Plus 2.25% x FAC x Credited Service after 7/1/2008 Less 80% of Primary Social Security | Class A | 1.8% x FAC x Credited Service |
| Class B Public Safety | 2.4% x FAC x Credited Service before 7/1/2008 Plus 2.0% x FAC x Credited Service after 7/1/2008 | Class B Public Safety | 2.0% x FAC x Credited Service |
| Class B Judicial | For first 15 years: 3.733% x FAC x Credited Service before 7/1/2008 (up to 15 years) Plus 3.333% x FAC x Credited Service after 7/1/2008 (up to 15 years) Plus In excess of 15 years: 2.4% x FAC x Credited Service before 7/1/2008 Plus 2.0% x FAC x Credited Service after 7/1/2008 | Class B Judicial | For first 15 years: 3.333% x FAC x Credited Service Plus In excess of 15 years: 2.0% x FAC x Credited Service |
A member's Final Average Compensation (FAC) is determined by averaging the highest specified number of consecutive calendar quarters of pay out of the last 40 quarters. The specified number of quarters used for averaging is as follows:
| Foundation Member Joined SDRS prior to July 1, 2017 | Generational Member Joined SDRS on or after July 1, 2017 |
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Contributory service concluding after July 1, 2021: Average of highest 20 consecutive quarters of last 40 quarters (highest 5 years of pay out of last 10 years) |
All contributory service: Average of highest 20 consecutive calendar quarters of pay out of the last 40 quarters (highest 5 years of pay out of last 10 years) |
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Contributory service concluded between July 1, 2021, and June 30, 2022: Average of highest 16 consecutive quarters of last 40 quarters (highest 4 years of pay out of last 10 years) | |
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Contributory service concluded before July 1, 2021: Average of highest 12 consecutive quarters of last 40 quarters (highest 3 years of pay out of last 10 years) | |
| For members with contributory service after June 30, 2020: A 105% compensation cap will be applied to each of the years used in determining your FAC. FAC is also subject to adjustments for extraordinary payments in the final year. | Compensation is capped at 105% for each of the 5 years used in determining your FAC. FAC is also subject to adjustments for extraordinary payments in the final year. |
Calculating Your Benefit/Creating Benefit Estimates
You may calculate your SDRS retirement benefit by using the Benefit Calculator available here: https://www.sd.gov/sdrs?id=sdrs_benefits_calculator
Note: This calculator will provide a benefit estimate based on data you input. If you wish to create benefit estimates using your personal account information, such as your current Final Average Compensation, service detail, etc., you must be logged into your MySDRS account. Click the "Log in using MySD" icon in the upper righthand corner to link/access your MySDRS account. You may also contact the SDRS office to speak with a retirement planner to obtain benefit estimates.
Additional Information
Foundation Member Information
Class A Foundation Member Handbook
Class B Public Safety Foundation Member Handbook
Class B Judicial Foundation Member Handbook
Generational Member Information
Class A Generational Member Handbook
Class B Public Safety Generational Member Handbook
Class B Judicial Generational Member Handbook