Ask Jack Jack Ehnes

Does CalSTRS provide protection from creditor attachments like federal ERISA plans?

Although CalSTRS is not subject to the anti-assignment rules of ERISA or Internal Revenue Code Section 401(a)(13), the Teachers’ Retirement Law does provide protection from creditor attachments or what is referred to as an anti-assignment provision under Section 22006. This section of the law offers an exemption from creditors attempting to seek payment for debt by using a member’s pension benefit as payment.

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