NY A00737

Expands creditor protection for retirement accounts to include plans established by "other organizations" beyond just corporations, specifically covering not-for-profit entities

Adds Section 403 of the Internal Revenue Code to the list of qualified retirement plans exempt from money judgments, which covers 403(b) plans typically used by non-profit organizations, schools, and religious institutions

Protects assets in these newly covered retirement accounts from being seized to satisfy court judgments or bankruptcy proceedings

Takes effect immediately and applies to the satisfaction of judgments on or after the enactment date