Payments under a QEBA are exempt from garnishment, assignment, alienation, judgments, and other legal processes to the same extent as a retirement allowance under a retirement system.
HISTORY: 2008 Act No. 311, Section 28, eff June 4, 2008.
Structure South Carolina Code of Laws
Chapter 12 - Qualified Excess Benefits Arrangements
Section 9-12-20. Qualified Excess Benefit Arrangements created.
Section 9-12-30. Administration of QEBAs.
Section 9-12-40. Eligibility for participation in a QEBA.
Section 9-12-50. QEBA supplemental retirement allowance.
Section 9-12-60. Amount of contributions to the QEBA.
Section 9-12-70. Employer contributions and separate fund.
Section 9-12-80. No ability to defer.
Section 9-12-90. No assignment.
Section 9-12-100. QEBA funds unsecured.