Ind. Code Ann. § 5-10.4-5-14 :
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
Chapter 5. Benefits
5-10.4-5-14 Benefits exempt from legal process; assignment of benefits
Sec. 14. (a) The benefits payable from the fund are exempt from seizure or levy on attachment, supplemental process, and all other processes.
(b) A member's transfer of a benefit payment is void. However, a member may assign benefits for paying:
(1) premiums on a group, life, hospitalization, surgical, or medical insurance plan maintained in whole or in part by a state agency; and
(2) dues to any association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the number of retired members of the fund.
Last Amended: 2013
2013
As added by P.L.2-2006, SEC.28. Amended by P.L.15-2013, SEC.4, eff. July 1, 2013.