- Alaska Statutes.
- Title 39. Public Officers and Employees
- Chapter 30. Insurance and Supplemental Employee Benefits
- Section 410. Exemptions from Taxation and Process.
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. Benefits Payable from the Individual Account.
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. Amendment and Termination of Plan.
AS 39.30.410. Exemptions from Taxation and Process.
- (a) Contributions and other amounts held in the plan on behalf of a member or other person who is or may become
eligible for benefits under the plan may be used only to reimburse eligible medical expenses, are exempt from Alaska state and municipal
taxes and federal taxes to the extent allowed under the Internal Revenue Code, and are not subject to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, or charge of any kind, either voluntary or involuntary, before they are received by the
person entitled to the amount under the terms of the plan. Any attempt to anticipate, alienate, sell, transfer, assign, pledge,
encumber, charge, or otherwise dispose of any right to amounts accrued in the plan is void. However, a member's right to receive
benefits may be assigned
- (1) under a qualified domestic relations order; or
- (2) to a trust or similar legal device that meets the requirements for a Medicaid-qualifying trust under AS 47.07.020 (f) and 42 U.S.C. 1396p(d)(4).
- (b) Notwithstanding AS 09.38.065 , contributions and other amounts held in the plan and benefits
payable under this plan are exempt from garnishment, execution, or levy.
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