A. The benefits, the employer and member contributions and the securities in the LTD trust fund established by Section 38-797.02 are not subject to execution or attachment and are nonassignable except as specifically provided in this article or article 2 of this chapter. The employer and member contributions and the securities in the LTD trust fund established by Section 38-797.02 are exempt from state, county and municipal income taxes. Benefits received by a member from the LTD program are subject to tax pursuant to title 43.

Terms Used In Arizona Laws 38-797.11

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • LTD program: means the long-term disability program established by this article. See Arizona Laws 38-797

B. Interest, earnings and all other credits pertaining to benefits are not subject to execution or attachment and are nonassignable.

 

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