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Meeting Date:
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Category:
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Type:
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Subject:
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8.6 (Item 6) Assembly Bill 948 - STRS Post-Retirement Earnings Limitation |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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File Attachment:
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Summary:
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Legislation was enacted which authorizes STRS to grant an exemption from the post-retirement earnings limitation of up to two years for members retired from service who are appointed as a trustee, administrator or fiscal advisor. STRS may grant post-retirement earnings limitations for up to one-half of the full-time equivalent for the position.
Retired STRS member John L. Brown is providing service to the District to cover an administrative position that is vacant. This retired member will exceed the earnings limitation for the 2009-2010 school year while substituting in this position. The District is seeking an exemption to remain in compliance with the rules and regulations governing STRS. |
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Funding:
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Fiscal Impact: |
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There is no fiscal impact to the General Fund. |
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Recommendation
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Approve exemption as presented. |
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Approvals:
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Recommended By: |
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Signed By: |
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Denise Larkins - Administrative Assistant |
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Signed By: |
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Gail Isserman - Assistant Superintendent |
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Signed By: |
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Richard Nicoll - Interim Sup |
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