Minnesota Retirement Asset Protection Laws

Minnesota laws protect the following retirement assets from creditors:

• money paid by the federal or state government to any person as a veteran's pension is exempt for one year after receipt;
• debtor's right to receive present or future payments under a qualified stock bonus, pension, profit-sharing, annuity, IRA, individual retirement annuity, simplified employee pension (SEP), or similar plan or contract other qualified plan or annuity, up to a total present value of $30,000 and any additional amounts reasonably necessary for the support of the debtor and the debtor's family;
• vested rights in a private pension fund;
• supplemental retirement benefits for unclassified employees of state university and community college boards;
• state retirement system benefits, except for QDRO payments and court ordered child support;
• deferred compensation from a state retirement system;
• highway patrolmen's retirement benefits;
• public employee retirement association benefits;
• teachers' pension fund and retirement association benefits;
• Minneapolis employees' retirement benefits; and
• judges' retirement fund benefits.