Louisiana Revised Statutes 11:952.3 – Exemption of pension and other rights from levy and other processes
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Terms Used In Louisiana Revised Statutes 11:952.3
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this part. See Louisiana Revised Statutes 11:952.1
- Retirement allowance: means annual payments for life under the funded system payable in equal monthly installments beginning as of the date fixed by the board of supervisors. See Louisiana Revised Statutes 11:952.1
- State: means the state of Louisiana. See Louisiana Revised Statutes 11:952.1
The right of a person to a retirement allowance, or to the return of contributions; the retirement allowance itself; any optional benefit or any other right accrued or accruing to any person under the provisions of this Part; and the moneys in the funds created by this Part are exempt from any state or municipal tax, and exempt from levy and sale, garnishment, attachment, or any other process whatsoever, except as provided in La. Rev. Stat. 11:292, and shall be unassignable except as otherwise specifically provided in this Part.
Added by Acts 1971, No. 26, §1. Redesignated from La. Rev. Stat. 17:1613 pursuant to La. Rev. Stat. 24:253; Acts 2010, No. 634, §1, eff. July 1, 2010.