A. No right or benefit of a participant or the participant’s designated beneficiary under the program shall be subject to anticipation, alienation, assignment, sale, pledge, encumbrance or charge. Any attempt to anticipate, alienate, assign, sell, pledge, encumber or charge a right or benefit under the program shall have no force or effect and shall not be binding upon the City or the Board.

B. Notwithstanding subsection A above, the Board may authorize the payment of a participant’s benefits under the program to an alternate payee in accordance with the requirements of a valid domestic relations order issued under the laws of the State of Arizona and as permitted by sections 401(a) and 457 of the Internal Revenue Code of 1986, as amended. (Ord. No. G-4634, § 3, 2004)