R-17.0.1 - Voluntary Retirement Savings Plans Act

Section 125 Disposition versions

2014-07-01

125. Unless otherwise provided by law, the following amounts, contributions and benefits are unassignable and unseizable:

(1)  all contributions remitted or to be remitted to the plan, with accrued interest;

(2)  all amounts refunded or benefits paid under this Act; and

(3)  all amounts awarded to the spouse of a member following a transfer of benefits effected under Chapter VI, with accrued interest, and the benefits deriving from such amounts.

Except as far as they derive from members’ not locked-in accounts, any of those amounts transferred to a pension plan determined by regulation, the accrued interest, and any refunds of such amounts are also unassignable and unseizable.

2013, c. 26, s. 125.