104.250. Law creates vested rights--benefits exempt from taxes and executions--exception, subject to child support and spousal maintenance. - Missouri Statutes

Law creates vested rights--benefits exempt from taxes andexecutions--exception, subject to child support and spousalmaintenance.

104.250. 1. All payroll deductions and deferred compensationprovided for under sections 104.010 to 104.270 are hereby made obligationsof the state of Missouri. No alteration, amendment, or repeal of sections104.010 to 104.270 shall affect the then existing rights of members andbeneficiaries, but shall be effective only as to rights which wouldotherwise accrue under sections 104.010 to 104.270 as a result of servicesrendered by an employee after such alteration, amendment, or repeal.

2. Any annuity, benefits, funds, property, or rights created by, oraccruing to, any person under the provisions of sections 104.010 to 104.270are hereby made and declared exempt from any tax of the state of Missourior any political subdivision or taxing body thereof, and shall not besubject to execution, garnishment, attachment, writ of sequestration, orany other process or claim whatsoever, and shall be unassignable exceptthat any payment from the retirement system shall be subject to thecollection of child support or spousal maintenance.

(L. 1955 p. 718 § 24, A.L. 1983 H.B. 713 Revision, A.L. 2002 H.B. 1455)

Effective 7-11-02

CROSS REFERENCE:

Taxability of retirement benefits, RSMo 143.124