Teachers: retention: retirement.

Existing law, the Teachers' Retirement Law, establishes the State Teachers' Retirement System (STRS) and creates the Defined Benefit Program of the State Teachers' Retirement Plan, which provides a defined benefit to members of the program, based on final compensation, credited service, and age at retirement, subject to certain variations. STRS is governed by the Teachers' Retirement Board. Existing law permits members retired for service from STRS to perform member activities without reinstatement into the system if certain conditions are met and requires payment for the performance of retired member activities to be $0 during the first 180 calendar days after the most recent retirement of a retired member, as specified. This bill would authorize a member retired from service to perform member activities for a school district, notwithstanding the above-mentioned 180 calendar days compensation limitation, if certain conditions are met, including that there is a current or projected teacher shortage in a subject area, as designated by the Superintendent of Public Instruction.