                                 CODE OF VIRGINIA

ASSETS OF RETIREMENT SYSTEMS; EXEMPTION FROM TAXATION; EXECUTION AND ASSIGNMENT
(§ 51.1-802)

The assets of any retirement system established pursuant to this article, or by
a city or town charter, are hereby exempted from any state, county, or municipal
tax. The assets of a retirement system, retirement allowances, and other
benefits accrued or accruing to any person under the provisions of this chapter,
or under any city or town charter, shall not be subject to execution,
attachment, garnishment, or any other process except for administrative actions
pursuant to Chapter 19 (§ 63.2-1900 et seq.) of Title 63.2 or any court process
to enforce a child or child and spousal support obligation, nor shall any
assignment thereof be enforceable in any court. However, retirement benefits and
assets created under this title which are deemed to be marital property pursuant
to Chapter 6 (§ 20-89.1 et seq.) of Title 20 may be divided or transferred by
the court by direct assignment to a spouse or former spouse pursuant to §
20-107.3.

HISTORY: Code 1919, § 3035; 1932, p. 752; 1942, p. 178; 1944, p. 54; 1945, p.
74; 1946, p. 61; Code 1950, § 51-112; 1952, cc. 59, 587; 1959, Ex. Sess., c.
58; 1960, c. 404; 1968, c. 60; 1980, c. 135; 1989, Sp. Sess., c. 3; 1990, c.
832; 1991, c. 433; 1992, c. 716.