2004 Minnesota Statutes

     353.15 Nonassignability and exemption of annuities and 
  benefits from judicial process. 

    Subdivision 1.    Exemption; exceptions.  No money, 
 annuity, or benefit provided for in this chapter is assignable 
 or subject to execution, levy, attachment, garnishment, or legal 
 process, except as provided in subdivision 2 or section 518.58, 
 518.581, or 518.6111.  

    Subd. 2.    Automatic deposits.  The association may 
 remit, through an automatic deposit system, annuity, benefit, or 
 refund payments only to a financial institution associated with 
 the National Automated Clearinghouse Association or a comparable 
 successor organization that is the trustee for a person eligible 
 to receive the annuity, benefit, or refund.  Upon the request of 
 the retiree, disabilitant, survivor, or former member, the 
 association may mail or send by electronic transfer the annuity, 
 benefit, or refund check to the applicable financial institution 
 for deposit in the person's account or joint account with a 
 spouse.  The association may prescribe the conditions under 
 which such payment will be made.  

    Subd. 3.    Payment to public bodies.  If in the 
 judgment of the executive director conditions so warrant, 
 payment may be made to a public body in behalf of an annuitant, 
 disabilitant, or survivor upon such terms as the executive 
 director may prescribe. 

    HIST: (254-40) 1931 c 307 s 18; 1955 c 815 s 9; 1971 c 789 s 
 5; 1973 c 753 s 24; 1975 c 102 s 6,10; 1976 c 329 s 19; 1978 c 
 772 s 62; 1979 c 303 art 3 s 29; 1981 c 180 s 5; 1984 c 547 s 6; 
 1986 c 444; 1987 c 157 s 5; 1990 c 570 art 11 s 4; 1997 c 203 
 art 6 s 92; 2000 c 461 art 3 s 13; 2003 c 127 art 3 s 19