Sec. 9. All benefits and assets in the defined contribution fund are exempt from levy, sale, garnishment, attachment, or other legal process. However, a participant's benefits may be transferred to reimburse the state for loss resulting from the participant's criminal taking of state property if the board receives adequate proof of the loss. The loss must be proven by conviction of a felony or misdemeanor.
As added by P.L.6-1989, SEC.1.
Structure Indiana Code
Article 3.5. Legislative Retirement Benefits
Chapter 5. Legislators' Defined Contribution Plan
2-3.5-5-2. Defined Contribution Fund; Content
2-3.5-5-3. Alternative Investment Programs
2-3.5-5-3.5. Default Investment Option
2-3.5-5-4. Participant Contributions to the Fund
2-3.5-5-6. Termination of Service; Withdrawal From the Fund
2-3.5-5-7. Death of Participant; Designated Beneficiaries; Surviving Spouse; Dependent Children
2-3.5-5-8. Biennial Appropriation
2-3.5-5-9. Exemptions; Criminal Taking of State Property