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Code · New Jersey · Title 43 — Property · Chapter 13

43:13-22.34. Annual reports; exemptions; assignments

130 words·~1 min read·/nj/title-43/chapter-13/43-13-22-34·

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The commission shall report annually the condition of the retirement system and the manner in which its funds are invested. The report shall be filed with the governing body of the municipality for the use of the employees and the public. All systems created by this act and all pensions, refunds and contributions granted under this act shall be exempt from any State, county or municipal tax, levy and sale, garnishment, sequestration or attachment, or any other process, legal or equitable or both, and shall not be assignable, except for the purpose and to the extent necessary to authorize, with the member's or pensioner's consent, deduction of premiums for group hospitalization and medical-surgical insurance.
L.1954, c. 218, p. 829, s. 32. Amended by L.1957, c. 189, p. 688, s. 5.
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