§ 15-5-313 — Pension application; when payments made and benefits suspended; pension protections

(a) Application for pension may be made prior to actual
retirement upon statement of the intention to retire, but
payment shall not begin until the applicant has actually retired
and his name is stricken from the payrolls of the city or town.
Payments under this article shall be made to the pensioner or to
his beneficiaries on or before the fifth day of each month by
voucher drawn against the policemen pension fund as provided in
W.S. 15-5-305.
(b) No policeman or any of his survivors is entitled to
any benefits of this article while the policeman or his
survivors are receiving payments under the Worker's Compensation
Act, but when payments under the Worker's Compensation Act
terminate, the pensions of this article attach.
(c) The cash and securities while in the account created
by this article are exempt from any state, county or municipal
tax of this state, and are not subject to execution or
attachment by trustee process or otherwise, in law or equity, or
under any other process whatsoever, and are not assignable.