Pension benefits and other retirement annuities will be protected from creditors in Connecticut under a new law signed July 2 by Gov. Dannel P. Malloy.
The law goes into effect Oct. 1. It requires insurance companies to exempt retiree benefits from creditor claims. The law applies to participants and beneficiaries in employer-provided and individual retirement accounts. Rollovers from qualified plans are also protected.
Further details could not be learned at press time.