Texas Government Code 851.006 – Exemption From Execution
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(a) Except as provided by Subsection (b), all retirement annuity payments, other benefit payments, and a member’s accumulated contributions are unassignable and are exempt from execution, garnishment, attachment, and state and local taxation.
(b) The board of trustees by rule may authorize the retirement system to make distributions to pay the qualified health insurance premiums of a public safety officer in accordance with the provisions of Section 845, Pension Protection Act of 2006, Pub. L. No. 109-280.
Terms Used In Texas Government Code 851.006
- 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.
- 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
- Rule: includes regulation. See Texas Government Code 311.005