§ 5066. Exemption of member’s interest; assignment
That portion of the salary or wages of a member deducted or to be deducted under this chapter, the right of a member to an annuity, pension, or retirement allowance hereunder, and all the member’s rights in the assets of the Retirement System, shall be exempt from taxation, except 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 of any part of the assets to which the member is or may be entitled, or of any right to or interest in those assets, shall be valid, except to the extent permitted by this chapter. (Added 1973, No. 251 (Adj. Sess.), § 3; amended 2007, No. 13, § 48.)
Structure Vermont Statutes
Title 24 - Municipal and County Government
Chapter 125 - Municipal Employees' Retirement System of Vermont
§ 5052. Name and date of establishment
§ 5053a. Employees of a supervisory union
§ 5055. Normal and early retirement
§ 5056a. Benefit denial; evidentiary hearing
§ 5057. Reexamination of disability beneficiary
§ 5059. Termination of service; preretirement death benefit
§ 5061. Death benefit; post retirement
§ 5061a. Accidental and occupationally-related death benefit
§ 5061b. Death benefit after retirement—Group D
§ 5062. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities
§ 5063. Investments; interest rate; disbursements
§ 5063a. Compliance with federal law
§ 5066. Exemption of member’s interest; assignment
§ 5066a. Alternate payee; domestic relations orders