Cap. 280 Art. 8Pension not assignable, etc.

(1) No pension payable under this Act shall be assignable, transferable or liable to be attached, sequestered or levied upon for or in respect of any debt or claim whatsoever, except in so far as is provided in article 381(3) of the Code of Organization and Civil Procedure.

(2) If a person who is in receipt of a pension under this Act is declared a bankrupt, such pension shall not be deemed to form part of the property or estate of that person for the purposes of any of the provisions of Part III of the Commercial Code.