[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 32CFR48.501]



[Page 316]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 48_RETIRED SERVICEMAN'S FAMILY PROTECTION PLAN--Table of Contents

 

                            Subpart E_Annuity

 

Sec.  48.501  General information.





    Except as provided in Sec.  48.506(a), no annuity payable under the 

Plan shall be assignable, or subject to execution, levy, attachment, 

garnishment, or other legal process. Annuities payable under this Plan 

shall be in addition to any pensions or other payments to which the 

beneficiaries may now or hereafter be entitled under other provisions of 

law (except as provided in Sec.  48.507), and may not be considered as 

income under any law administered by the Veterans Administration, except 

for the purpose of title 38 U.S. Code, section 415(g) and chapter 15.