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Postretirement Earnings Limit for 2010-11 School Year

If you return to work in a CalSTRS-covered position, (including as either an employee of a third party or an independent consultant to a school employer), there is a limit to the amount you can earn in a school year without affecting your benefit.

For those aged 60 or older at retirement, the earnings limit for the 2010-11 school year is $31,020.

Your CalSTRS benefit will be reduced dollar-for-dollar by the amount of creditable earnings from public school employment in excess of the earnings limit.

You may be entitled to an exemption for certain employment, or if you spent at least 12 consecutive months at some point after retirement without working in a CalSTRS-covered position.

If you are under age 60 and return to CalSTRS-covered employment immediately after retirement, your benefit will be reduced. The dollar–for–dollar deduction equals the amount you earn during whichever following time period is shorter:

  • The period from your retirement effective date until your 60th birthday.
  • The six months following your retirement effective date.

There are no exemptions from this requirement.

Learn more about Working After Retirement.

 

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