§ 16-56. Beneficial rights.

(a)

N o right; title or interest of the City of Cocoa Beach. The City of Cocoa Beach, any participant or beneficiary shall not have any right, title or interest in or to the trust fund or any part thereof other than vesting under the pension plan and other than a pension or other benefit for which a participant or beneficiary is entitled under the terms and conditions set forth in the pension plan. There shall be no prorata or other distribution of any of the assets of the trust fund as a result of any officials or participants and their beneficiaries, ceasing their participation in this trust fund for any purpose or reason, except as required by law.

(b)

Limitation upon beneficial rights of employees. All benefits shall be free from the interference and control of any creditor, and no benefits shall be subject to any assignment or other anticipation, nor to seizure or to sale under any legal, equitable or any other process.

(Ord. No. 1222, § 1, 11-18-1999)