(40 ILCS 5/14-147) (from Ch. 108 1/2, par. 14-147)
Sec. 14-147.
Annuities, etc.
- Exempt. Except as provided in this
Article, all moneys in the fund created by this Article, and all securities
and other property of the System, and all annuities and other benefits
payable under this Article, and all accumulated contributions and other
credits of employees in this System, and the right of any person to receive
an annuity or other benefit under this Article, or a refund or return of
contributions, shall not be subject to judgment, execution, garnishment,
attachment, or other seizure by process, in bankruptcy or otherwise, nor to
sale, pledge, mortgage or other alienation, and shall not be assignable. A
person receiving an annuity or benefit, or refund or return of
contributions, may authorize withholding from such annuity, benefit, refund
or return of contributions in accordance with the provisions of the "State
Salary and Annuity Withholding Act", approved August 21, 1961, as now or
hereafter amended.
The General Assembly finds and declares that the amendment to this
Section made by this amendatory Act of 1989 is a clarification of existing
law, and an indication of its previous intent in enacting and amending
this Section. Notwithstanding Section 1-103.1, application of this
amendment shall not be limited to persons in service on or after the
effective date of this amendatory Act of 1989.
(Source: P.A. 86-273 .)
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