§ 1946. Exemption of member’s interest; assignment
That portion of the compensation of a member deducted or to be deducted under this chapter, the rights of a member or beneficiary to an annuity, pension, or retirement allowance hereunder, and all a member’s rights in the assets of the System, shall be exempt from taxation, including income tax, and from the operation of any laws relating to bankruptcy or insolvency, and shall not be attached or taken upon execution or other process of any court. No assignment by a member or beneficiary of any part of the assets to which he or she is or may be entitled, or of any right to or interest in the assets, shall be valid except as specifically provided in this chapter. (Amended 2007, No. 13, § 34.)
Structure Vermont Statutes
Chapter 55 - State Teachers' Retirement System of Vermont
§ 1932. Date of establishment; power and privileges; name
§ 1935. Teachers in certain public or independent schools
§ 1936. Creditable service; military service
§ 1938a. Benefit denial; evidentiary hearing
§ 1939. Restoration to service
§ 1940. Termination of service; death; refund; pension
§ 1942. Board of Trustees; Medical Board; actuary; rate of contribution; safekeeping of securities
§ 1943. Investments; interest rate; disbursements
§ 1943a. Compliance with federal law
§ 1944. Vermont Teachers’ Retirement Fund
§ 1944a. Periodic actuarial reports
§ 1944b. Retired Teachers’ Health and Medical Benefits Fund
§ 1944c. Employer charges for federal grants or reimbursements
§ 1944d. Employer annual charge for teacher health care
§ 1944e. Retired teachers health and medical benefits
§ 1945. Application of other laws
§ 1946. Exemption of member’s interest; assignment
§ 1946b. Alternate payee; domestic relations orders
§ 1949. Postretirement adjustments to retirement allowances
§ 1949a. Postretirement adjustment allowance account
§ 1949b. Postretirement adjustment to retirement allowance; formula; evaluation