AB 506 (Furutani) – Post-Retirement Earnings Limit
As of July 1, 2010, prohibits retirees under the normal retirement age of 60 from working in any CalSTRS-related service for the first six calendar months after retirement. Extends the sunset dates for the post-retirement earnings limit exemptions to June 30, 2012, and expands eligibility, where applicable, to members who retired on or before January 1, 2009. States that the vacant administrative position emergency exemption shall not apply to a retiree whose retirement is the basis for the vacant administrator position.
- Version: Chaptered (Chapter 306, Statutes of 2009)
- Sponsor: CalSTRS
- Location: Signed by Governor
- Board Position: Sponsor