Ind. Code Ann. § 10-12-2-10 :
Article 12. State Police Pensions and Benefits
Chapter 2. Pension, Death, Disability, Survivor, and Other Benefits
10-12-2-10 Encumbering shares of benefits prior to payment
Sec. 10. (a) A person entitled to, having an interest in, or sharing a pension or benefit from the trust funds does not, before the actual payment of the pension or benefit, have the right to anticipate, sell, assign, pledge, mortgage, or otherwise dispose of or encumber the pension or benefit.
(b) A person's interest, share, pension, or benefit, before the actual payment of the interest, share, pension, or benefit, may not be:
(1) used to satisfy the debts or liabilities of the person entitled to the interest, share, pension, or benefit;
(2) subject to attachment, garnishment, execution, or levy or sale on judicial proceedings; or
(3) transferred by any means, voluntarily or involuntarily.
(c) The trustee may pay from the trust fund the amounts that the trustee determines are proper and necessary expenses of the trust fund.
Last Amended: 2003
2003
As added by P.L.2-2003, SEC.3.