State teachers' retirement: retirees.

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 limits the postretirement compensation of a member of the Defined Benefit Program of the Teachers' Retirement Plan to an amount calculated by STRS, as specified. If the member's postretirement compensation exceeds this amount, the law requires the member's retirement allowance to be reduced by the amount of excess compensation. Existing law, however, permits members retired for service from STRS to perform member activities without being subject to the compensation limit under certain limited conditions and circumstances, including, until June 30, 2017, to work as an appointed trustee, fiscal adviser or fiscal expert, receiver, or special trustee, as specified. This bill, until January 1, 2023, would exempt from the postretirement compensation limit the compensation of a member retired for service who was a classroom teacher, as defined, who has returned to work to fulfill a critical need in a position due to a teacher shortage in the area of special education, mathematics, science, or bilingual education. The bill would require a local school district, county office of education, or other local educational agency exercising this exemption to submit specified documentation to substantiate a retired member's eligibility.