Neither the participant nor the participant's beneficiary shall anticipate, assign
or pledge any payments or benefits available under the plan (which payments and rights
thereto are expressly declared to be nonassignable and nontransferable) and in the
event of any attempted anticipation, assignment or pledge, or any other partial or
complete transfer, the city and the committee shall have no further liability to the
participant hereunder or under the plan; nor shall any unpaid benefits or payments
be subject to debts, damages for tort liability, attachments, garnishment or execution,
or be transferable by operation of law in event of bankruptcy, insolvency, or assignment
for the benefit of creditors, except to the extent otherwise required by law preemptive
of this article. However, notwithstanding the foregoing restrictions, domestic relations
orders that are applicable to eligible plans under section 414(p)(11) of the Internal
Revenue Code will be allowed, but only to the extent that the domestic orders and
agreements are drafted and approved in accordance with, and otherwise comply with
C.R.S., section 14-10-113, with the plan, and with the procedures promulgated by the
committee from time to time.
