§ 2-1396.4. Assignment of rights.  


Latest version.
  • Neither the participant, nor the participant's beneficiary, nor any other designee, shall have any right to transfer, sell, assign, pledge transfer, encumber, mortgage or otherwise convey the right to receive any payments under the program, which payments and rights thereto are expressly declared to be nonassignable and nontransferable. In the event of any attempted assignment or transfer, the city shall have no further liability under the program. Payments shall not be subject to attachment, garnishment or execution, or be transferable by operation of law in the event of bankruptcy or insolvency, except to the extent otherwise provided by law. Notwithstanding any of the foregoing benefits shall be paid in accordance with any applicable requirements of any state domestic relations order; provided that such state domestic relations orders comply with written procedures adopted by the board of trustees.

(Ord. No. 110220, § 1, 5-26-11; Ord. No. 140976 , § 8, 12-11-14)