Vermont Statutes
Chapter 16 - Vermont Employees' Retirement System
§ 476. Exemption of member’s interest; assignment

§ 476. Exemption of member’s interest; assignment
A member’s annuity, pension, or retirement allowance under this subchapter and the member’s assets in the Retirement System, shall not be exempt from taxation, including income tax, but shall be exempt 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 of any part of such assets to which the member is or may be entitled, or of any interest in such assets, shall be valid, except to the extent permitted by this subchapter. (Added 1971, No. 231 (Adj. Sess.). § 4; amended 1973, No. 117, § 12; 2007, No. 13, § 13.)

Structure Vermont Statutes

Vermont Statutes

Title 3 - Executive

Chapter 16 - Vermont Employees' Retirement System

§ 455. Definitions

§ 456. Name and date of establishment

§ 457. Members

§ 458. Creditable service; military service

§ 459. Normal and early retirement

§ 459a. Restoration of service

§ 460. Ordinary disability retirement

§ 461. Accidental and occupationally related disability retirement

§ 461a. Benefit denial; evidentiary hearing

§ 462. Reexamination of disability beneficiary

§ 463. Reinstatement

§ 464. Accidental and occupationally related death benefit

§ 465. Termination of service; ordinary death benefit

§ 466. Coordination of disability retirement benefits with workers’ compensation benefits

§ 467. Death benefit after retirement—Group C

§ 468. Optional benefits

§ 469. Minimum benefit—Group C

§ 470. Postretirement adjustments to retirement allowances

§ 471. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities

§ 471a. Reports

§ 472. Investments; interest rate; disbursements

§ 472a. Compliance with federal law

§ 473. Funds

§ 473a. Periodic actuarial reports

§ 474. Predecessor systems

§ 475. Errors

§ 476. Exemption of member’s interest; assignment

§ 476a. Alternate payee; domestic relations orders

§ 477. Prior service credit

§ 477a. Elections

§ 479. Group insurance

§ 479a. State Employees’ Postemployment Benefits Trust Fund

§ 480a. Group A members; limit on contributions

§ 481. Definitions

§ 482. Participation by local governments; election by employer

§ 483. Petition by employees; transfer of assets

§ 484. Election by employee; service credits

§ 485. Compulsory membership

§ 486. Duty of local officers

§ 487. Rates of contribution

§ 488. Payment of contributions

§ 489. Benefits

§ 490. Default; paid up deferred annuity

§ 491. Liability of retirement system

§ 495. Transfer of memberships