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← Mississippi Pensions & Retirement Savings Exemptions

Exemption: Public employees retirement & disability benefits

Citation: Stat. - Miss. Code Ann. § 25-11-129

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Miss. Code Ann. § 25-11-129 :
Chapter 11. Social Security and Public Employees' Retirement and Disability Benefits

Article 3. Additional State Retirement and Disability Benefits (Refs & Annos)

� 25-11-129. Exemptions; assignment; deductions for payment of life or health insurance

(1) The right of a person to an annuity, a retirement allowance or benefit, or to the return of contributions, or to any optional benefit or any other right accrued or accruing to any person under the provisions of Articles 1 and 3, the system and the monies in the system created by said articles, are hereby exempt from any state, county or municipal ad valorem taxes, income taxes, premium taxes, privilege taxes, property taxes, sales and use taxes or other taxes not so named, notwithstanding any other provision of law to the contrary, and exempt from levy and sale, garnishment, attachment or any other process whatsoever, and shall be unassignable except as specifically otherwise provided in this article and except as otherwise provided in subsection (2) of this section.

(2) Any retired member or beneficiary receiving a retirement allowance or benefit under this article may authorize the system to make deductions from the retirement allowance or benefit for the payment of employer or system sponsored group life or health insurance. The deductions authorized under this subsection shall be subject to rules and regulations adopted by the board.
Last Amended: 2004
2004
Laws 1952, Ch. 299, � 23; Laws 1987, Ch. 327, � 1; Laws 1990, Ch. 523, � 2; Laws 1993, Ch. 523, � 3, eff. January 1, 1994; Laws 2004, Ch. 531, � 2, eff. July 1, 2004.
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