Indiana § 5-10.3-12-28 Plan exempt from legal process; assignment of payments

Indiana Statutes

§ 5-10.3-12-28 — Plan exempt from legal process; assignment of payments

Indiana § 5-10.3-12-28

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.3THE PUBLIC EMPLOYEES' RETIREMENT

Ch. 12Public Employees' Defined Contribution Plan

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Bluebook

Ind. Code § 5-10.3-12-28 (2026).

Text

(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.

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(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.