Revision of STRS Retirement Earning Exceptions (CC)

The exceptions to the dollar limit on postretirement compensation for State Teachers Retirement System (STRS) retirees expired on June 30, 2012. On July 17, the governor signed AB 178, which raises the retiree income limit and creates a one year exemption for individuals working to address fiscal and academic matters. As an urgency bill, AB 178 is effective immediately.