The right to a retirement annuity, disability annuity, survivor’s annuity or benefit, death benefit, or any other benefit under the provision hereof, by whatever name called, or refund, is personal with the recipient thereof, and the assignment, garnishment, execution, or transfer of such benefit or any part thereof shall be void, except as herein provided. Any such annuity, benefit, or refund shall not answer for debts contracted by the person receiving the same, and it is the intention of this section that they shall not be attached or affected by any judicial proceeding, except for court or administratively ordered current child support, or owed child support, or to-be-owed child support.
Effective: July 15, 1998
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Terms Used In Kentucky Statutes 67A.620

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • 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

History: Amended 1998 Ky. Acts ch. 255, sec. 33, effective July 15, 1998. — Amended
1990 Ky. Acts ch. 189, sec. 9, effective July 13, 1990. — Created 1974 Ky. Acts ch.
106, sec. 27, effective July 1, 1974.

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