Tennessee Code 49-5-909 – Exemption of benefits from process – Nonassignability
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Terms Used In Tennessee Code 49-5-909
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
All annuities granted and payable out of the teachers’ retirement fund shall be and are exempt from seizure or levy upon attachment, execution, supplemental process and all other process, whether mesne or final. The annuities or any payment of the annuities shall not be subject to sale, assignment or transfer by any beneficiary, and such transfer shall be absolutely void.