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ED2023-01 Postretirement earnings limit and disability allowance earnings limit for the 2022–23 and 2023–24 fiscal years, and disability retirement earnings limit for the 2023 calendar year

Supersedes employer directive 2022-03

February 22, 2023

This employer directive is intended to inform and remind employers of:

  • The application of the earnings limit for retired Defined Benefit (DB) members.
  • The annual postretirement earnings limit for the 2022–23 fiscal year.
  • The annual postretirement earnings limit for the 2023–24 fiscal year.
  • The postretirement separation-from-service requirement for retired DB members and retired Cash Balance (CB) participants during the first 180 calendar days from their retirement date with CalSTRS.
  • Requirements for requesting an exemption from the separation-from-service requirement.
  • Restriction on hiring retired DB members and retired CB participants in classified positions.
  • Retirement incentive restrictions.
  • Requirements for employer communication regarding the earnings limits and, if applicable, the retirement incentive restrictions when hiring retired DB members. Also, the employer requirements regarding maintaining accurate records and reporting postretirement earnings to CalSTRS.
  • The CalSTRS postretirement excess earnings notification process.
  • The disability retirement earnings limit for the 2023 calendar year.
  • The disability allowance earnings limit for the 2022–23 and 2023–24 fiscal years.
  • Sample board resolution.
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