Attached please find the recently issued CalSTRS Employer Circular Letter 22-4 Volume 38 Issue 4: New 2023 statutes impacting CalSTRS.
The circular summarizes several new statutes impacting CalSTRS, including AB 1667 regarding Benefit Overpayment to Retirees.
* Districts and Unions can request advisory letters from STRS on reporting compensation before payroll. * STRS will publish resources annually that interpret and clarify the applicability of creditable compensation and creditable service. * New STRS audit and appeals process. * Overpayment to retirees and recovery from the employer.
CalSTRS has created a Frequently Asked Questions page on CalSTRS.com to help answer some employer questions about what AB 1667 does and when it takes effect. The webpage can be found at www.calstrs.com/assembly-bill-1667-employer-faq.
If you have any additional questions about AB 1667, please contact EmployerTraining@CalSTRS.com<mailto:EmployerTraining@CalSTRS.com>.
Regards, School Business Advisory Services Team Santa Barbara County Education Office www.sbceo.org/sbas<www.sbceo.org/sbas>
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
The circular summarizes several new statutes impacting CalSTRS, including AB 1667 regarding Benefit Overpayment to Retirees.
* Districts and Unions can request advisory letters from STRS on reporting compensation before payroll. * STRS will publish resources annually that interpret and clarify the applicability of creditable compensation and creditable service. * New STRS audit and appeals process. * Overpayment to retirees and recovery from the employer.
CalSTRS has created a Frequently Asked Questions page on CalSTRS.com to help answer some employer questions about what AB 1667 does and when it takes effect. The webpage can be found at www.calstrs.com/assembly-bill-1667-employer-faq.
If you have any additional questions about AB 1667, please contact EmployerTraining@CalSTRS.com<mailto:EmployerTraining@CalSTRS.com>.
Regards, School Business Advisory Services Team Santa Barbara County Education Office www.sbceo.org/sbas<www.sbceo.org/sbas>
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
EICVolume38Issue4-4.pdf