Public Employee Retirement Generally

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any optional benefit or death benefit, or any right accrued or accruing to any person under the provisions of the repealed Public Employes’ Retirement Act [chapter 401, Oregon Laws 1945] or ORS 237.412 (Declaration of policy regarding federal Social Security protection for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]


Last accessed
May 26, 2023