New Jersey Statutes 43:13-22.60. Exemption of fund from taxation and process
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Terms Used In New Jersey Statutes 43:13-22.60
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
All pensions granted under this act shall be exempt from any State or municipal tax, levy and sale, garnishment or attachment or any other process whatsoever, and shall be unassignable, except for the purpose and to the extent necessary to authorize, with the member’s or pensioner’s consent, deductions of premiums for group hospitalization and medical-surgical insurance.
L.1964, c. 275, s. 11.