5-10.4-8-14. Assets of plan exempt from levy, sale, garnishment, attachment, or other legal process; limited assignment by member

IN Code § 5-10.4-8-14 (2019) (N/A)
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Sec. 14. (a) All assets in the plan are exempt from levy, sale, garnishment, attachment, or other legal process.

(b) A member, beneficiary, or survivor may not assign any payment under this chapter except for the following:

(1) Premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in part by a state agency.

(2) Dues to an association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the retired members in the plan.

As added by P.L.217-2017, SEC.58.