Bankruptcy Exemption Citations
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← Louisiana Pensions & Retirement Savings Exemptions

Exemption: Parochial employees

Citation: Stat. - La. Rev. Stat. Ann. § 11:1905

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La. Rev. Stat. Ann. § 11:1905 :
Chapter 5. Parochial Employees' Retirement System of Louisiana (Refs & Annos)

Part I. General Provisions

� 1905. Exemption from execution

The following items are hereby exempt from any state or municipal tax and from levy and sale, garnishment, attachment, or any other process whatsoever as provided in this Chapter, except as provided in R.S. 42:720.21: the right of a person to a pension, an annuity, or a retirement allowance, or to the return of contributions, the pension, annuity, or retirement allowance itself, any optional benefit or any other right accrued or accruing to any person, and the moneys in various funds created by this Chapter. These enumerated items shall be unassignable, except as in this Chapter specifically otherwise provided. Benefits paid under this Chapter shall be exempt from state income tax. If the contributions of an employee are paid by an employer in order to secure credit for service, these funds may be assigned to the employer until such time as the employee has repaid contributions so paid or the employer has released the contributions so paid by written notice to the board.
Last Amended: 2010
2010
Acts 1991, No. 74, � 3, eff. June 25, 1991. Amended by Acts 2010, No. 634, � 1, eff. July 1, 2010.
Acts 1991, No. 74, � 3, eff. June 25, 1991.

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