43:13-22.34 - Annual reports; exemptions; assignments - New Jersey Statutes

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