New York Retirement Asset Protection Laws

New York laws protect the following retirement assets from creditors:

• trusts, custodial accounts, annuities, insurance contracts, monies, assets, or interests that are qualified IRAs, Keogh, retirement, or other qualified plan established by a corporation, except for a QDRO or an order of support, alimony, or maintenance;
• 90 percent of income or other payments from the above trusts are exempt;
• payments under a stock bonus, pension, profit-sharing, or similar plan or contract to the extent reasonably necessary for the support of the debtor and dependents;
• public retirement system benefits;
• state employees' retirement system benefits;
• state teachers' retirement system benefits;
• state police and firemen's retirement system benefits; and
• village police pension benefits.