Supersedes employer directive 2023-01

February 26, 2024

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

• The application of the annual postretirement earnings limit for retired members of the Defined Benefit Program (referred to in this directive as "retired DB members").
• The annual postretirement earnings limit for the 2023–24 fiscal year.
• The annual postretirement earnings limit for the 2024–25 fiscal year.
• The postretirement separation-from-service requirement for retired DB members and retired Cash Balance Benefit Program participants (referred to in this directive as "retired 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 requirement for employers to maintain accurate records and report postretirement earnings to CalSTRS.
• The CalSTRS postretirement excess earnings notification process.
• The disability retirement earnings limit for the 2024 calendar year.
• The disability allowance earnings limit for the 2023–24 and 2024–25 fiscal years.