SD Department of Labor Employee Retirement Board
Department of Labor Employee Retirement Plan Merges with South Dakota Retirement System
Effective July 1, 2020, the Department of Labor Employment Retirment Plan (ERP) has merged with the South Dakota Retirement System (SDRS). Current ERP participants will become a separate class in SDRS called Class D and retain the same benefits they have been receiving.
The ERP assets will be merged with the SDRS assets, which are managed by the South Dakota Investment Council.
SDRS will assume all administration of the ERP, including counseling for active and retired members. SDRS contact information is:
South Dakota Retirement System
P.O. Box 1098
222 E. Capitol Ave., Suite 8
Pierre, SD 57501
1.888.605.7377
sdrs.sd.gov
Past Board Meetings
The Board members met twice a year in Pierre. South Dakota's Dakota Digital Network (DDN) was used to allow the meeting to be broadcast so other locations may participate. Members were notified by mail of the date, time and place of the next meeting, along with an agenda.
Meeting Documents
The meeting documents available below are in Adobe PDF format unless otherwise mentioned.
Meeting Date |
Notices |
Agendas and Handouts |
Minutes |
| April 30, 2020 |
April 30 notice |
April 30 agenda
Handout: Investment Advisory Report South Dakota
Handout: Deloitte - South Dakota Department of Labor Retirement Plan
May 6 Memo on the Department of Labor Employee Retirement Plan Merger with South Dakota Retirement System
|
April 30 minutes (draft) |
| Dec. 4, 2019 |
Dec. 4 notice |
Dec. 4 agenda |
Dec. 4 minutes (draft) |
| Nov. 6, 2019 |
Nov. 6 notice |
Nov. 6 agenda
Handout: Department of Labor Employee Retirement Plan (ERP) Official Ballot (draft)
Handout:
Vote to Merge the Plan with the South Dakota Retirement System Memo (draft)
Handout: 2020 Legislative Bill Draft
Department of Labor Employee Retirement Plan (ERP) Official Ballot (approved version)
Vote to Merge the Plan with the South Dakota Retirement System Memo (approved version)
|
Nov. 6 minutes |
| Oct. 3, 2019 |
Oct. 3 notice |
Oct. 3 agenda
Handout: Annuity Snapshot
Handout: History of Cost-of-Living Adjustments |
Oct. 3 minutes |
| June 3, 2019 |
June 3 notice |
June 3 agenda
Handout: Deloitte - South Dakota Department of Labor Retirement Plan
Handout: Deloitte -
Actuarial Valuation Report, July 1, 2018
Handout: SDDOL April 2019 Daily Asset Value
Principal Handout: Retirement Plan Review |
June 3 minutes |
| Oct. 11, 2018 |
Oct. 11 notice |
Oct. 11 agenda
Handout: Annuity Purchase Background |
Oct. 11 minutes |
| May 23, 2018 |
May 23 notice |
May 23 agenda
Handout: Actuarial Valuation Report, July 1, 2017
Handout: April 2018 Daily Balance Report
Handout: Deloitte Presentation
Principal Handout: Retirement Plan Review |
May 23 minutes |
| May 31, 2017 |
May 31 notice |
May 31 agenda
Handout: Deloitte Presentation
Handout: April 2017 Daily Balance Report
Handout: Actuarial Valuation Report, July 1, 2016
Handout: Current Principal Retirement Plan Fee Summary
Handout: Proposed Principal Retirement Plan Fee Summary
Principal Handout: Retirement Plan Review |
May 31 minutes |
| April 6, 2017 |
April 6 notice |
April 6 Agenda
Handout: Assumption for the July 1, 2016 South Dakota Department of Labor Retirement Plan Actuarial Valuation
Handout: Valuation Assumption Discussion-July 1, 2016
(updated 04/03/2017)
Handout: Plan Fee Disclosures |
April 6 minutes |
| Oct. 6, 2016 |
|
Oct. 6 agenda
Deloitte handout - South Dakota Department of Labor Retirement
Plan
Performance Results and Statistics
Principal handout - Portfolio and Strategic
Asset Allocation Review
Principal handout - Investment Advisory Report
July 01, 2015 - June 30, 2016
Principal handout - Investment Advisory Report
January 01, 2016 - August 31, 2016 |
Oct. 6 minutes |
| June 2, 2016 |
June 2 notice |
June 2 Agenda
Retirement Plan Review
Actuarial Valuation Report |
June 2 minutes |
See documents for meetings prior to 2016.
