Arkansas § 24-10-616 Subjection of benefit rights to legal process

Arkansas Statutes

§ 24-10-616 — Subjection of benefit rights to legal process

(a)(1) Except as otherwise provided in this chapter, the right of a person to an annuity, the return of accumulated contributions, the annuity itself, any annuity option, any other right accrued or accruing under this chapter, and all moneys belonging to a plan:

(A)Are not subject to:

(i)Execution;

(ii)Garnishment;

(iii)Attachment;

(iv)The operation of bankruptcy or insolvency laws; or (v) Any claim or process of law; and (B) Are unassignable.

(2)However, an employer shall have the right of setoff for any claim arising from embezzlement by, or fraud of, a member, retirant, or beneficiary.

(b)A final administrative decision of the Board of Trustees of the Arkansas Local Police and Fire Retirement System may be appealed by filing a complaint in Pulaski County Circuit Court.

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(a) (1) Except as otherwise provided in this chapter, the right of a person to an annuity, the return of accumulated contributions, the annuity itself, any annuity option, any other right accrued or accruing under this chapter, and all moneys belonging to a plan: (A) Are not subject to: (i) Execution; (ii) Garnishment; (iii) Attachment; (iv) The operation of bankruptcy or insolvency laws; or (v) Any claim or process of law; and (B) Are unassignable. (2) However, an employer shall have the right of setoff for any claim arising from embezzlement by, or fraud of, a member, retirant, or beneficiary. (b) A final administrative decision of the Board of Trustees of the Arkansas Local Police and Fire Retirement System may be appealed by filing a complaint in Pulaski County Circuit Court.

Arkansas § 24-10-616 (Subjection of benefit rights to legal process) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.