SDRS administers pension and other benefits for more than 471 employers, including the state and employees of school districts and other participating political subdivisions. Assets are managed by the South Dakota Investment Council.
South Dakota Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| South Dakota RS |
14,632.2 |
83,937 |
| Other Plans |
0.0 |
0 |
| Total |
14,632.2 |
83,937 |
Source: Public Plans Database (as of 2021)
Note: South Dakota Retirement System has 0 other plans.
Assets
Assets at Year-End
South Dakota Retirement System
2001-2021
| Fiscal Year |
Net Assets (billions) |
| 2001 |
4.9 |
| 2002 |
4.6 |
| 2003 |
4.8 |
| 2004 |
5.5 |
| 2005 |
6.2 |
| 2006 |
6.8 |
| 2007 |
8.2 |
| 2008 |
7.3 |
| 2009 |
5.6 |
| 2010 |
6.5 |
| 2011 |
7.9 |
| 2012 |
7.8 |
| 2013 |
9.1 |
| 2014 |
10.6 |
| 2015 |
10.8 |
| 2016 |
10.5 |
| 2017 |
11.6 |
| 2018 |
12.2 |
| 2019 |
12.5 |
| 2020 |
12.3 |
| 2021 |
14.6 |
Membership
Ratio of Actives to Beneficiaries, 2001-2021
| Fiscal Year |
South Dakota Retirement System |
US State and Local Pensions |
| 2001 |
2.3 |
2.4 |
| 2002 |
2.2 |
2.3 |
| 2003 |
2.1 |
2.2 |
| 2004 |
2.1 |
2.1 |
| 2005 |
2.0 |
2.1 |
| 2006 |
2.0 |
2.0 |
| 2007 |
2.0 |
2.0 |
| 2008 |
2.0 |
1.9 |
| 2009 |
1.9 |
1.9 |
| 2010 |
1.9 |
1.8 |
| 2011 |
1.8 |
1.7 |
| 2012 |
1.7 |
1.6 |
| 2013 |
1.7 |
1.5 |
| 2014 |
1.6 |
1.4 |
| 2015 |
1.5 |
1.4 |
| 2016 |
1.5 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.5 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.4 |
1.3 |
| 2021 |
1.3 |
1.2 |
2021 Membership for South Dakota Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 41,305 |
31,243 |
11,309 |
83,937 |
476 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
South Dakota Retirement System
2001-2021
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-61.8 |
4,939.7 |
| 2002 |
-66.0 |
4,624.9 |
| 2003 |
-50.6 |
4,784.2 |
| 2004 |
-42.9 |
5,518.2 |
| 2005 |
-74.5 |
6,159.9 |
| 2006 |
-99.3 |
6,844.6 |
| 2007 |
-113.1 |
8,158.2 |
| 2008 |
-123.0 |
7,312.1 |
| 2009 |
-144.7 |
5,648.8 |
| 2010 |
-163.2 |
6,496.6 |
| 2011 |
-176.5 |
7,936.3 |
| 2012 |
-201.3 |
7,842.5 |
| 2013 |
-224.3 |
9,085.7 |
| 2014 |
-235.6 |
10,607.6 |
| 2015 |
-266.7 |
10,776.5 |
| 2016 |
-285.9 |
10,513.5 |
| 2017 |
-301.4 |
11,644.0 |
| 2018 |
-320.0 |
12,235.7 |
| 2019 |
-346.5 |
12,472.8 |
| 2020 |
-367.7 |
12,297.3 |
| 2021 |
-337.2 |
14,632.2 |
2021 Cash Flows for South Dakota Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 328.9 |
666.1 |
2,672.0 |
2,334.9 |
Cash Flow as a Percentage of Assets
South Dakota Retirement System
2001-2021
| Fiscal Year |
South Dakota Retirement System |
National Average |
| 2001 |
-1.3 |
-2.1 |
| 2002 |
-1.4 |
-2.4 |
| 2003 |
-1.1 |
-2.6 |
| 2004 |
-0.8 |
-2.0 |
| 2005 |
-1.2 |
-2.2 |
| 2006 |
-1.5 |
-2.2 |
| 2007 |
-1.4 |
-2.1 |
| 2008 |
-1.7 |
-2.3 |
| 2009 |
-2.6 |
-3.1 |
| 2010 |
-2.5 |
-3.2 |
| 2011 |
-2.2 |
-3.1 |
| 2012 |
-2.6 |
-3.3 |
| 2013 |
-2.5 |
-3.2 |
| 2014 |
-2.2 |
-2.9 |
| 2015 |
-2.5 |
-2.8 |
| 2016 |
-2.7 |
-3.0 |
| 2017 |
-2.6 |
-2.9 |
| 2018 |
-2.6 |
-2.6 |
| 2019 |
-2.8 |
-2.6 |
| 2020 |
-3.0 |
-2.4 |
| 2021 |
-2.3 |
-2.1 |
