PIERRE — People receiving benefits from the South Dakota Retirement System will get a 3.1 percent cost of living adjustment next year, the board of trustees decided Thursday. State law permits the annual adjustment to range from a minimum of 2.1 percent to a maximum of 3.1 percent, depending on the system's funding status. SDRS administrator Rob Wylie said the 3.1 percent was permitted because the system finished fiscal 2014 with at least 100 percent funding of its long-term liabilities. The funding was 107 percent as of the June 30 end of the fiscal year. Wylie said the adjustment w
PIERRE — The South Dakota Retirement System has seen little gain on its investments during the first five months of the current fiscal year, the system's trustees learned Thursday. "Around a half of a percent," state investment officer Matt Clark told them. That is a concern. The system is built on the assumption of an average 7.25 percent return annually.
RAPID CITY — South Dakota's public universities attract twice as many high school graduates from other states than leave South Dakota for other states, the top official for the state university system said Wednesday. "That's a trend that reversed itself from the mid-1990s," executive director Jack Warner told members of the Board of Regents during their meeting at the South Dakota School of Mines and Technology. He said non-resident tuition is relatively low and works as a recruiting tool. A look at state university graduates one year after receiving their diplomas has found 73 percen
PIERRE — New water-temperature rules would apply to specific sites in the new Black Hills trout management area under regulations approved Wednesday by the state Board of Water Management. Many Black Hills streams exceed the current maximum temperature of 65 degrees Fahrenheit in the trout management area, according to Patrick Snyder, a staff member for the state Department of Environment and Natural Resources. The new daily maximum would be 75.2 degrees, and the weekly average maximum would be 66.2 degrees. The proposal was shared with the state Game, Fish and Parks Department.
Here's a quick look at some of the expansions and innovations proposed Tuesday to the Legislature by Gov.
PIERRE -- The Thanksgiving folk story about Pilgrim colonists and native Americans came full circle for me this year. We ate our feast at Dakota Sioux Casino at Watertown. I heaped full one plate of dressing, mashed potatoes, corn, gravy and turkey meat. That was plenty. I never made it to the side of the buffet where the ham, beef, beans and salad awaited. I also never made it to the desert island.
PIERRE – Gov. Dennis Daugaard won’t be proposing any big moves when he delivers his budget recommendations in a speech Tuesday to a joint assembly of the Legislature, according to...
PIERRE — Reducing mercury emissions and the haze in the air seen from national parks will cost electricity customers of Otter Tail Power an additional 7 percent in South Dakota starting Dec. 1 and up to 12 percent more eventually. The state Public Utilities Commission approved an environmental recovery tariff for the company Tuesday. It will pay for changes in equipment and operations necessary to comply with U.S.
PIERRE -- South Dakota would be organized into nine drainage basins, with councils of local residents elected to manage water issues in them, under a proposal that received unanimous approval from the Legislature's watershed task force Monday. Currently, each of the 66 county commissions decides whether to regulate drainage. Most don't.
PIERRE — People used the word corruption many times during South Dakota’s 2014 election campaigns. Yet many acts involving large sums of money were legal, so long as they happened...