Sec. 120.507A. - Loans and Qualified Domestic Relations Orders Prohibited; Exemption from Claims of Creditors.

(a) Member loans shall not be permitted. (b) Qualified domestic relations orders (QDRO) for the distribution of marital property rights shall not be permitted; provided, however, this shall not alter the provisions of Florida law relating to equitable distribution. (c) All member accounts shall be exempt from claims of creditors, bankruptcy, insolvency, or legal process of any kind, except for the payment of alimony, child support, or federal tax levies as provided by law. Member accounts may not be pledged or assigned; provided however, retired members may elect direct payment of a portion of the accrued retirement benefit, upon separation from service, to the payment of any City-sponsored benefit program, or for the payment of dues for the retired employees association. (Ord. 2017-258-E , § 1)