What forms of compensation allowed in postretirement employment are not subject to the earnings limitation of $31,020?
Any service that would have been creditable for CalSTRS before your retirement is subject to the earnings limitation, irrespective of whether you are employed directly by a school district or by a third party contractor. Non-creditable compensation including a fringe benefit, such as free parking, is excluded from the earnings limitation.
Currently the Teachers’ Retirement Law restricts the amount you can earn in a CalSTRS-covered position after you retire without it affecting your retirement benefit. For example, if you return to work in a CalSTRS-covered position, you are subject to an earnings limitation of $31,020 per school year for 2011-12 unless you had an exemption from the earnings limit. However, the exemptions will expire June 30, 2012.