News for Retired CalSTRS' Members

Effective July 1, 2012 (for fiscal year 2012/2013) the Postretirement Earnings Limitation increased to $40,011.00 from $31,020.00. The earnings apply to earnings earned from a California public school system.

Restrictions to the Postretirement Earnings Limitation if you retire under the age of 60.
In accordance with Education Code 24214.5; a CalSTRS' member under the age of 60 that has retired for less than six months is not subject to the Postretirement Earning Limitation. A CalSTRS' member under the age of 60 that returns to work before the six months will have their CalSTRS' retiree allowance (check) reduced dollar for dollar of the earning received.

It is important to note, that effective January 1, 2013 due to AB340 all retirees must not work for the first six months after retirement. Earnings from a California public school system during the first six months after retirement do not have a grace period and the Postretirement Earnings Limitation does not apply. Any earning from a California public school system during the first six months after retirement will reduce dollar for dollar their retiree's CalSTRS' allowance/check.

Reminder:

  1. Retirees that are working should track how much they are earning for the fiscal year to ensure they do not exceed the Postretirement Earnings Limitation. The fiscal year is from July from one year to June of the next year (sample: from July 2012 to June 2013).
  2. In accordance to Section 45134 CalSTRS retirees may not work in a classified position in the California public school system. Note: This law is enforced by the Department of Education.

Please feel free to contact the staff below with any questions.

Michelle Ramirez
HR Technician, Retirement
619-388-6586
mramirez@sdccd.edu

Lisa McEwan-Godwin
HR Technician, Benefits
619-388-6872
lmcewang@sdccd.edu


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