Bee exclusive: Former CSBA exec's pension slashed after audit
Published: Friday, Feb. 3, 2012 - 12:00 am | Page 1A
Last Modified: Friday, Feb. 3, 2012 - 9:59 am
The former executive director of the California School Boards Association who retired amid a financial scandal involving his pay and bonuses will have his pension reduced by 65 percent, the state pension fund said.
A California Public Employees' Retirement System audit to be released today concluded thatScott Plotkin's pension was improperly inflated over a period of years by excessive raises that were granted out of public purview. Based on that finding, the auditors said, the raises cannot be counted toward retirement calculations.
