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40 ILCS 5/18-161
(40 ILCS 5/18-161) (from Ch. 108 1/2, par. 18-161)
Sec. 18-161.
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 participants 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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