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South Dakota Compensation Program for Officers and Certain Key Management Personnel with attachments

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US-CC-20-297D
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20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)

South Dakota Compensation Program for Officers and Certain Key Management Personnel is an employment incentive program offered by the state of South Dakota. This program aims to attract and retain highly skilled individuals for key positions in various government departments and agencies. By offering competitive and attractive compensation packages, South Dakota ensures that its officers and key management personnel are well rewarded for their valuable contributions to public service. The South Dakota Compensation Program provides a comprehensive set of benefits and incentives to officers and key management personnel. These benefits are designed to ensure financial stability, career growth, and work-life balance. Some key features of the program include: 1. Competitive Salary: Participants of the program receive a highly competitive salary based on their qualifications, experience, and performance. This compensation is commensurate with industry standards and rewards exemplary service. 2. Performance-Based Incentives: In addition to base salary, officers and key management personnel may be eligible for performance-based incentives. These incentives are designed to reward exceptional performance and motivate individuals to excel in their roles. 3. Health and Wellness Benefits: The program offers comprehensive health and wellness benefits, including medical, dental, and vision insurance coverage. Participants can also access wellness programs and resources to maintain their physical and mental well-being. 4. Retirement Savings Plans: South Dakota recognizes the importance of retirement planning and provides officers and key management personnel with various retirement savings plans. These plans include options such as 401(k) plans, pension programs, and other investment opportunities. 5. Professional Development Opportunities: The program supports continuous professional development by offering various training and educational opportunities. Participants can enhance their skills and knowledge through seminars, workshops, conferences, and specialized training programs. 6. Work-Life Balance: South Dakota values the well-being of its officers and key management personnel. The program offers flexible working hours, paid time off, parental leave, and other benefits to promote a healthy work-life balance. Attachments: 1. Program Guidelines and Policies: This document provides detailed information on the eligibility criteria, application process, and rules governing the South Dakota Compensation Program. 2. Sample Compensation Package: This attachment outlines a sample compensation package, including salary breakdown, performance incentives, and a summary of benefits. It's important to note that the South Dakota Compensation Program for Officers and Certain Key Management Personnel may have additional variations and specialized programs tailored for specific departments or agencies within the state government. These variations may include unique benefits, eligibility requirements, and incentive structures based on the nature of the position and its respective responsibilities. Overall, the South Dakota Compensation Program for Officers and Certain Key Management Personnel is a comprehensive initiative aimed at attracting and retaining top talent in vital government roles.

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FAQ

Temporary Total Disability (TTD) benefits are for injured workers who are unable to return to work after seven consecutive days. Under South Dakota law, a worker may receive 66 2/3 percent of their average weekly wage.

There is no law in South Dakota requiring any employer to carry workers' compensation insurance. However, it is highly recommended. An uninsured employer may be sued in civil court by an injured worker.

As of , the average hourly pay for the Dot jobs category in South Dakota is $21.34 an hour.

Workers' Compensation Coverage Verification Service For information on self-insured employers, please call 605.773. 3681.

What Does South Dakota Workers' Comp Cover? Workers' comp insurance pays for the medical expenses associated with claims or injured workers. The cost of an ER visit, required surgeries and drug prescriptions are some of the covered expenses included under a policy.

The Division of Workers' Compensation (DWC) is announcing the increase of the mileage rate for medical and medical-legal travel expenses by 3 cents to 65.5 cents per mile effective January 1, 2023. This rate must be paid for travel on or after January 1, 2023, regardless of the date of injury.

Mileage Rate effective Sept. 12, 2022 (only for travel to and from treatment): $0.51/mile.

If no state-owned motor vehicles are equipped or modified for the transportation of an individual with special needs and the individual desires to drive a personal motor vehicle on state business, the individual shall be paid 68 cents a mile for a passenger or cargo van, pick up, or sports utility vehicle and 51 cents ...

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South Dakota Compensation Program for Officers and Certain Key Management Personnel with attachments