The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 16 V.S.A. § 1946)
-
§ 1946. Exemption of member’s interest; assignment
That portion of the compensation of a member deducted or to be deducted under this
chapter, the rights of a member or beneficiary to an annuity, pension, or retirement
allowance hereunder, and all a member’s rights in the assets of the System, shall
be exempt from taxation, including income tax, and from the operation of any laws
relating to bankruptcy or insolvency, and shall not be attached or taken upon execution
or other process of any court. No assignment by a member or beneficiary of any part
of the assets to which he or she is or may be entitled, or of any right to or interest
in the assets, shall be valid except as specifically provided in this chapter. (Amended 2007, No. 13, § 34.)