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·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 10.3 THE PUBLIC EMPLOYEES' RETIREMENT·Ch. 12 Public Employees' Defined Contribution Plan

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Indiana § 5-10.3-12-28 (Plan exempt from legal process; assignment of payments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.