General Laws of Massachusetts - Chapter 32 Retirement Systems and Pensions. - Section 1 Definitions.
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Section 41. The property of every such association, the right of an employee to an annuity, pension or endowment, and all his rights in the funds of the association, shall be exempt from taxation and from the operation of any law relating to bankruptcy or insolvency, and shall not be attached or taken on execution or other process to satisfy any debt or liability of the employer or of any member of the association.
No assignment of any right in or to said funds or of any pension, annuity or endowment payable under section thirty-nine or forty shall be valid.
Nothing in this section shall prevent an employee’s annuity, pension, or endowment from being attached, taken on execution, assigned, or subject
to other process to satisfy a support order under chapter two hundred and eight, two hundred and nine, or two hundred and seventy-three.
Section: 28K 28L 28M 28N 29 39 40 41 42 43 44 44A 44B 44C 45
Last modified: March 17, 2010
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