Can my Govt. Pension be taken as part of a "Law Suite"?
State/Country relating to question: Georgia
We have waited for us to receive "Notice of a Suite for Damages" in New Jersey.MY lawyer will respond-he asked me if I knew weither my pension could be involved too. will look for an answer too,
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In most States public pensions are protected from Law Suit judgments. Also, if you lose a law suit, you can also file a bankruptcy and wipe out any award you have to pay the Plaintiff, and keep your pensions as well. New Jersey exempts many different kinds of income from garnishment.
The State of New Jersey has exempted the property and income below from seizure by the bankruptcy court to pay creditors:Real Property: NonePersonal Property: Furniture and household goods up to $1,000 [2A:26-4]; clothing, unlimited amount [2A:17-19]; burial plots, unlimited amount [8A:5-10]; any personal property or stock in corporation up to $1,000 total [2A:17-19]Insurance / Annuities: Annuity contract proceeds to $500 per month [17B:24-7]; group life or health policy or proceeds, unlimited amount [17B:24-9]; disability, death, medical or hospital benefits for civil defense workers, unlimited amount [A:9-57.6]; health or disability benefits, unlimited amount [17:18-12 and 17B:24-8]; life insurance proceeds if proceeds cannot be used to pay beneficiary's creditors, unlimited amount [17B:24-10]; life insurance proceeds if debtor is not the insured [17B:24-6(b)]; military disability or death benefits, unlimited amount [38A:4-8]Pensions / Retirement Plans: Retirement benefits, unlimited amount [43:13-9]; teachers, unlimited amount [18A:66-51]; alcohol beverage control officers, unlimited amount [43:8A-20]; county employees, unlimited amount [43:10-57 and 43:10-105]; firefighters and police officers, unlimited amount [43:16-7]; city board of health employees, unlimited amount [43:18-12]; civil defense workers, unlimited amount [A:9-57.6]; judges, unlimited amount [43:6A-41]; municipal employees, unlimited amount [43:13-44]; prison employees, unlimited amount [43:7-13]; public employees, unlimited amount [43:15A-53]; school district employees, unlimited amount [18A:66-116]; state police, unlimited amount [53:5A-45]; street and water department employees, unlimited amount [43:19-17]; traffic officers, unlimited amount [43:16A-17]Public Benefits / Entitlements: Workers compensation, unlimited amt [34:15-29]; unemployment compensation, unlimited amt [43:21-53]; crime victims compensation, unlimited amt [43:21-53]; aid to aged and Permanent Disability benefits [44:7-35]Wages: Ninety percent of earned but unpaid wages if income under $7,500, otherwise court decides amount [2A:17-56]Miscellaneous: Business partnership property, unlimited amount [42:1-25]
13 years experience, Union NYSUT lawyer
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