ORS 237.980
Rights and moneys exempt from taxation, execution and bankruptcy and are unassignable

During the entire period of liquidation of the Public Employees Retirement System, the right of a person to a pension, annuity or a retirement allowance, to the return of contributions upon separation from service with a public employer, the refund of contributions authorized by ORS 237.976 (Disposition of contributions made under abolished system), the payment of annuity, or retirement allowance itself, any optional benefit or death benefit, or any right accrued or accruing to any person under the provisions of the repealed Public Employes’ Retirement Act [chapter 401, Oregon Laws 1945] or ORS 237.412 (Declaration of policy regarding federal Social Security protection for employees of state and political subdivisions) to 237.418 (Authority of interstate agencies to extend federal Social Security benefits to their employees) or 237.950 (Pre-1953 Public Employees Retirement System abolished) to 237.980 (Rights and moneys exempt from taxation, execution and bankruptcy and are unassignable), shall be exempt from all state, county and municipal taxes, and shall not be subject to execution, garnishment, attachment or any other process or to the operation of any bankruptcy or insolvency law, and shall not be assignable. [1953 c.180 §7; 1953 c.521 §2]

Source: Section 237.980 — Rights and moneys exempt from taxation, execution and bankruptcy and are unassignable, https://www.­oregonlegislature.­gov/bills_laws/ors/ors237.­html (accessed May 26, 2025).

237.350
Definitions for ORS 237.350 to 237.380 237.355
Establishment of retirement system 237.360
Features of retirement plan 237.365
Contribution to fund by city 237.370
Collection of contribution from employees 237.375
Limitations on payments and contributions 237.380
Revenues from which city may make payments to fund 237.410
Definitions for ORS 237.420 to 237.510 237.411
Construction of ORS 237.412 to 237.418 as supplemental to ORS 237.420 to 237.510 237.412
Declaration of policy regarding federal Social Security protection for employees of state and political subdivisions 237.414
Extension of federal Social Security benefits to employees of state and certain political subdivisions 237.418
Authority of interstate agencies to extend federal Social Security benefits to their employees 237.420
Agreements to extend federal Social Security coverage to employees of public agencies not covered by ORS 237.414 237.430
Public agencies to be included in the agreement 237.440
Application by political subdivision for inclusion 237.450
Starting date for contributions 237.460
Withholding and remitting of employees’ contributions 237.465
Employees required to contribute 237.470
Retirement board to promulgate regulations 237.480
Procedure against employer failing to comply with regulations 237.490
Deposit investment and payment of funds 237.500
Administrative expenses 237.510
Collection of delinquent contributions 237.600
Payment to alternate payee 237.610
Definitions for ORS 237.610 and 237.620 237.620
Membership of police officers and firefighters in Public Employees Retirement System 237.635
Mandated increase in benefits payable under systems other than Public Employees Retirement System 237.637
Additional mandated increase in benefits payable under systems other than Public Employees Retirement System 237.645
Options for legislators who are not members of Public Employees Retirement System 237.650
Options for legislators who are members of Public Employees Retirement System 237.655
Legislator members of state deferred compensation plan 237.750
Alternative retirement programs for employees of Harney County Health District 237.950
Pre-1953 Public Employees Retirement System abolished 237.952
Public Employees Retirement Board 237.956
Director and staff 237.960
Transfer of assets and administration of retirement fund 237.964
Collection of accrued liabilities 237.968
Continuation of retirement benefits of certain members 237.972
Continuation of abolished system with regard to certain members 237.976
Disposition of contributions made under abolished system 237.980
Rights and moneys exempt from taxation, execution and bankruptcy and are unassignable

Current through early 2026

§ 237.980. Rights & moneys exempt from taxation, execution and bankruptcy and are unassignable's source at oregon​.gov