Legislation
SECTION 524
Exemption from taxation and execution
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 11
§ 524. Exemption from taxation and execution. The right of a teacher
to a pension, an annuity, or a retirement allowance, to the return of
contributions, any benefit or right accrued or accruing to any person
under the provisions of this article, and the moneys in the various
funds created hereunder, are hereby exempt from any state or municipal
tax, and shall not be subject to execution, garnishment, attachment or
any other process whatsoever, and shall be unassignable except as in
this article specifically provided.
to a pension, an annuity, or a retirement allowance, to the return of
contributions, any benefit or right accrued or accruing to any person
under the provisions of this article, and the moneys in the various
funds created hereunder, are hereby exempt from any state or municipal
tax, and shall not be subject to execution, garnishment, attachment or
any other process whatsoever, and shall be unassignable except as in
this article specifically provided.