South Dakota Retirement System
public plan · State of South Dakota · Sioux Falls, SD
Funding History
What This Means for You
South Dakota Retirement System is in excellent financial health at 99% funded. This means for every dollar the plan owes in future benefits, it has 99 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $14.1B | $14.3B | 98.7% | $832.3M |
| 2024 | $13.4B | $13.6B | 98.3% | $987.4M |
| 2023 | $13.4B | $13.4B | 99.7% | $1.0B |
| 2022 | $12.5B | $13.2B | 94.7% | $841.7M |
| 2021 | $11.9B | $12.0B | 98.8% | $925.1M |
Frequently Asked Questions
South Dakota Retirement System is 99% funded, meaning it has 99 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
South Dakota Retirement System has 73,946 total participants, including 39,519 active employees and 34,427 retirees currently receiving benefits.
South Dakota Retirement System is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.