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

Ask Jack Jack Ehnes

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.