These are the top CalSTRS pensions that exceed IRS limits
More than 300 former school administrators in California are collecting pensions that exceed IRS limits.
To comply with tax law, the California State Teachers’ Retirement System sends the retirees two separate checks: one for the maximum amount allowed under the law and another classified as wages for tax purposes. Below, see the top 25 pensions on the above-limits list.
This story was originally published September 26, 2019 at 4:30 AM.