2006 Kentucky Revised Statutes - .690   Exemption of retirement allowances -- Taxability after December 31, 1997 -- Domestic relations and child support orders.

61.690 Exemption of retirement allowances -- Taxability after December 31, 1997 -- Domestic relations and child support orders. (1) All retirement allowances and other benefits accrued or accruing to any person under the provisions of KRS 61.510 to 61.705, 16.505 to 16.652, and 78.510 to 78.852, and the accumulated contributions and cash securities in the funds created under KRS 61.510 to 61.705, 16.505 to 16.652, and 78.510 to 78.852, are hereby exempt from any state, county, or municipal tax, and shall not be subject to execution, attachment, garnishment, or any other process, and an assignment thereof shall not be enforceable in any court. Except retirement benefits accrued or accruing to any person under the provisions of KRS 61.510 to 61.705, 16.505 to 16.652, and 78.510 to 78.852 on or after January 1, 1998, shall be subject to the tax imposed by KRS 141.020, to the extent provided in KRS 141.010 and 141.0215. (2) Child support orders for current, owed, or to-be-owed child support, issued by a court or administrative agency shall be honored by the retirement systems if the orders are in compliance with the regulation adopted by the board pursuant to KRS 61.645(9)(g). Effective: July 15, 2002 History: Amended 2002 Ky. Acts ch. 52, sec. 14, effective July 15, 2002. -- Amended 2000 Ky. Acts ch. 385, sec. 26, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 255, sec. 35, effective July 15, 1998. -- Amended 1995 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 4, effective April 28, 1995. -- Amended 1992 Ky. Acts ch. 240, sec. 48, effective July 14, 1992. -- Amended 1988 Ky. Acts ch. 349, sec. 27, effective July 15, 1988. -- Amended 1984 Ky. Acts ch. 319, sec. 1, effective April 9, 1984. -- Amended 1976 Ky. Acts ch. 321, sec. 40. -- Amended 1972 Ky. Acts ch. 116, sec. 58. -- Created 1956 Ky. Acts ch. 110, sec. 37.