Bankruptcy Exemption Citations
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Exemption: Police officers

Citation: Stat. - Ind. Code Ann. § 36-8-8-17

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Ind. Code Ann. § 36-8-8-17 :
Article 8. Public Safety

Chapter 8. 1977 Police Officers' and Firefighters' Pension and Disability Fund (Refs & Annos)

36-8-8-17 Benefits exempt from judicial process; transfer prohibited; rollover to eligible retirement plan

Sec. 17. (a) The benefits of this chapter are exempt from attachment and garnishment and may not be seized, taken, or levied upon by any execution or process.

(b) Except as provided in subsection (c) and section 17.2 of this chapter, a person receiving a benefit under this chapter may not transfer, assign, or sell the benefit.

(c) Notwithstanding any other provision of this chapter, to the extent required by Internal Revenue Code Section 401(a)(31), as added by the Unemployment Compensation Amendments of 1992 (P.L.102-318), and any amendments and regulations related to Section 401(a)(31), the 1977 fund shall allow participants and qualified beneficiaries to elect a direct rollover of eligible distributions to another eligible retirement plan.
Last Amended: 2003
2003

As added by Acts 1981, P.L.309, SEC.59. Amended by P.L.10-1993, SEC.19; P.L.183-2003, SEC.2.
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