South Dakota income and taxes

Household money income includes wages before taxes. A proposed fund to increase the target teacher salary concerns teachers’ earnings within household income. A funding-formula target is not a guaranteed paycheck increase; the bill failed and did not establish higher salaries or a higher statewide median. This relationship does not establish causation. Actions after the measurement period cannot explain its earlier value.

Retained South Dakota evidence context: Median household income. This record’s connection to the topic does not establish an effect on the measured result.

Section 1. That a NEW SECTION be added to chapter 13-13: There is created in the state treasury the target teacher salary supplement fund. The fund consists of moneys specified for deposit in the fund pursuant to § 4-7-32. The Department of Education shall administer the fund. The purpose of the fund is to enable an increase to the target teacher salary, as set forth in § 13-13-10.1. The department, as part of the annual budget submission, in accordance with § 4-7-7, shall submit a budget request utilizing money from the fund to provide an increase in the target teacher salary, as set forth in § 13-13-10.1. Interest on moneys credited to the fund must remain in the fund. Expenditures from the fund must be budgeted through the general appropriation bill. Section 4. That § 4-7-32 be AMENDED: 4-7-32. The transfer of all prior year unobligated cash must occur in accordance with this section: (1) On July first of each fiscal year or at the time that the prior fiscal year general fund unobligated cash balance is determined, the commissioner of the Bureau of Finance and Management shall transfer prior year unobligated cash, up to an amount equaling ten percent of the general fund appropriations from the general appropriation act for the prior fiscal year, into the budget reserve fund. The cash balance in the budget reserve fund may not exceed ten percent of the general fund appropriations from the general appropriation act for the prior fiscal year; (2) If any unobligated cash balance remains after the requirements of subdivision (1) are met, the commissioner must: (a) Transfer thirty percent of the remaining balance to the community-based providers methodology supplement fund, created in section 2 of this Act; (b) Transfer thirty percent of the remaining balance to the target teacher salary supplement fund, created in section 1 of this Act; and (c) Transfer forty percent of the remaining balance to the general revenue placement fund, created in § 4-7-45.

The fact counts OASDI beneficiaries in current payment. Repealing pension-related offsets concerns monthly retirement, disability and survivor benefits for affected people. It does not cover SSI or establish South Dakota adjustment totals or a beneficiary-count change. This relationship does not establish causation. Actions after the measurement period cannot explain its earlier value.

Retained South Dakota evidence context: Social Security beneficiaries. This record’s connection to the topic does not establish an effect on the measured result.

SEC. 2. REPEAL OF GOVERNMENT PENSION OFFSET PROVISION.(a) In General.—Section 202(k) of the Social Security Act (42 U.S.C. 402(k)) is amended by striking paragraph (5). (b) Conforming Amendments.—(1) Section 202(b)(2) of the Social Security Act (42 U.S.C. 402(b)(2)) is amended by striking “subsections (k)(5) and (q)” and inserting “subsection (q)”. (2) Section 202(c)(2) of such Act (42 U.S.C. 402(c)(2)) is amended by striking “subsections (k)(5) and (q)” and inserting “subsection (q)”. (3) Section 202(e)(2)(A) of such Act (42 U.S.C. 402(e)(2)(A)) is amended by striking “subsection (k)(5), subsection (q),” and inserting “subsection (q)”. (4) Section 202(f)(2)(A) of such Act (42 U.S.C. 402(f)(2)(A)) is amended by striking “subsection (k)(5), subsection (q)” and inserting “subsection (q)”. SEC. 3. REPEAL OF WINDFALL ELIMINATION PROVISIONS.(a) In General.—Section 215 of the Social Security Act (42 U.S.C. 415) is amended—(1) in subsection (a), by striking paragraph (7); (2) in subsection (d), by striking paragraph (3); and (3) in subsection (f), by striking paragraph (9). (b) Conforming Amendments.—Subsections (e)(2) and (f)(2) of section 202 of such Act (42 U.S.C. 402) are each amended by striking “section 215(f)(5), 215(f)(6), or 215(f)(9)(B)” in subparagraphs (C) and (D)(i) and inserting “paragraph (5) or (6) of section 215(f)”. SEC. 4. 42 USC 402 note.EFFECTIVE DATE. Applicability.The amendments made by this Act shall apply with respect to monthly insurance benefits payable under title II of the Social Security Act for months after December 2023. Adjustment.Notwithstanding section 215(f) of the Social Security Act, the Commissioner of Social Security shall adjust primary insurance amounts to the extent 138 STAT. 3233 necessary to take into account the amendments made by section 3. Approved January 5, 2025.