CalPERS slashes pension over secret raises

SACRAMENTO, Calif. (AP) – California’s government pension fund is slashing by two-thirds the $17,000 monthly retirement check for the former director of the association representing local school boards because his pay raises were awarded in secret. The Sacramento Bee reported Friday that the California Public Employees’ Retirement System is reducing Scott Plotkin’s pension, saying his pay was inflated without public notice or review. Plotkin was executive director of the California School Boards Association, which lobbies on behalf of school boards. He retired in 2010 amid an uproar over his pay, which topped $500,000 in one year. KCRA-TV in Sacramento first reported the questions surrounding Plotkin, including his charging thousands of dollars at area casinos on the association’s credit card. Plotkin says he will appeal the decision, which lowered his monthly pension to $6,000.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: