March 1, 1994
TO: PENSION COMMITTEE NO. 7-94
RE: STATE PROTECTION OF IRAs AND SEPs AGAINST CREDITORS
__________________________________________________________
As we discussed at the last Pension Committee meeting, the Institute
plans to survey state laws in order to identify states in which individual
retirement arrangements (IRAs), including rollover IRAs, and simplified
employee pensions (SEPs) are not protected from the claims of creditors. In
order to facilitate this survey, the Institute requests that you forward to
the undersigned by Thursday, March 17, any state statutes or judicial
decisions of which you are aware t
hat provide such protection for retirement plans.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension