§ 2.40.360. Retirement allowances and rights inalienable.
Latest version.
Members, retired members, vested members and their beneficiaries under the Plan are
restrained from selling, transferring, anticipating, assigning, hypothecating or otherwise
disposing of their retirement benefit, prospective retirement benefit or any other
rights or interests under the Plan, and any attempt to anticipate, assign, pledge
or otherwise dispose of the same shall be void. Said retirement benefit, prospective
retirement benefit and right and interest of said members, retired members, vested
members or beneficiaries shall not at any time be subject to the claims of creditors
or liabilities or torts of said members, retired members, vested members or beneficiaries,
nor be liable to attachment, execution or other legal process.
(Ord. 672 Art. 10, §1, 1973)
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