97B.39 RIGHTS NOT TRANSFERABLE OR SUBJECT TO LEGAL
PROCESS -- EXCEPTIONS.
The right of any person to any future payment under this chapter
is not transferable or assignable, at law or in equity, and the
moneys paid or payable or rights existing under this chapter are not
subject to execution, levy, attachment, garnishment, or other legal
process, or to the operation of any bankruptcy or insolvency law
except for the purposes of enforcing child, spousal, or medical
support obligations or marital property orders. For the purposes of
enforcing child, spousal, or medical support obligations, the
garnishment or attachment of or the execution against compensation
due a person under this chapter shall not exceed the amount specified
in 15 U.S.C. § 1673(b). The system shall comply with the provisions
of a marital property order requiring the selection of a particular
benefit option, designated beneficiary, or contingent annuitant if
the selection is otherwise authorized by this chapter and the member
has not received payment of the member's first retirement allowance.
However, a marital property order shall not require the payment of
benefits to an alternative payee prior to the member's retirement,
prior to the date the member elects to receive a lump sum
distribution of accumulated contributions pursuant to section 97B.53,
or in an amount that exceeds the benefits the member would otherwise
be eligible to receive pursuant to this chapter.
97B.39 RIGHTS NOT TRANSFERABLE OR SUBJECT TO LEGAL
PROCESS -- EXCEPTIONS.
The right of any person to any future payment under this chapter
is not transferable or assignable, at law or in equity, and the
moneys paid or payable or rights existing under this chapter are not
subject to execution, levy, attachment, garnishment, or other legal
process, or to the operation of any bankruptcy or insolvency law
except for the purposes of enforcing child, spousal, or medical
support obligations or marital property orders. For the purposes of
enforcing child, spousal, or medical support obligations, the
garnishment or attachment of or the execution against compensation
due a person under this chapter shall not exceed the amount specified
in 15 U.S.C. § 1673(b). The system shall comply with the provisions
of a marital property order requiring the selection of a particular
benefit option, designated beneficiary, or contingent annuitant if
the selection is otherwise authorized by this chapter and the member
has not received payment of the member's first retirement allowance.
However, a marital property order shall not require the payment of
benefits to an alternative payee prior to the member's retirement,
prior to the date the member elects to receive a lump sum
distribution of accumulated contributions pursuant to section 97B.53,
or in an amount that exceeds the benefits the member would otherwise
be eligible to receive pursuant to this chapter.
97B.39 RIGHTS NOT TRANSFERABLE OR SUBJECT TO LEGAL
PROCESS -- EXCEPTIONS.
The right of any person to any future payment under this chapter
is not transferable or assignable, at law or in equity, and the
moneys paid or payable or rights existing under this chapter are not
subject to execution, levy, attachment, garnishment, or other legal
process, or to the operation of any bankruptcy or insolvency law
except for the purposes of enforcing child, spousal, or medical
support obligations or marital property orders. For the purposes of
enforcing child, spousal, or medical support obligations, the
garnishment or attachment of or the execution against compensation
due a person under this chapter shall not exceed the amount specified
in 15 U.S.C. § 1673(b). The system shall comply with the provisions
of a marital property order requiring the selection of a particular
benefit option, designated beneficiary, or contingent annuitant if
the selection is otherwise authorized by this chapter and the member
has not received payment of the member's first retirement allowance.
However, a marital property order shall not require the payment of
benefits to an alternative payee prior to the member's retirement,
prior to the date the member elects to receive a lump sum
distribution of accumulated contributions pursuant to section 97B.53,
or in an amount that exceeds the benefits the member would otherwise
be eligible to receive pursuant to this chapter.
