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 the 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 have an exemption from the earnings limit. However, the exemptions will expire June 30, 2012.