CalSTRS, Spiking, Pensions, Charters, Cover-ups & Whistleblowing With Pension Analyst Scott Thompson

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• published: 10 Jan 2016
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California State Teachers Retirement System CalSTRS pension program analyst Scott Thompson in this interview discusses the gaming and fraud taking place in the CalSTRS pension system. When he raised specific cases of potential fraud and spiking of the pension system by administrators and principals he was retaliated against, bullied and fired. He also discusses how top management officials who call themselves CEO's conspired to frame him and remove him from the agency. They called security and walked him out of CalSTRS as if he was a criminal. Over 850,000 teachers and administrators are covered by the CalSTRS pension system. Thompson also exposes how some charter school operators criminally manipulate the state teacher pension system to spike their pensions and get away with defrauding millions of teachers who are invested in the pension system. Many of these administrators and principals are still being paid exorbitant pensions. according to Thomson and are clear examples of spiking. CalSTRS CEO Jack Ehnes and CalSTRS Chief Operating Officer Cassandra Lichnock approved these spiked pensions and have also have spent hundreds of thousands of dollars from the agency to stop Thomson from returning to his job at the CalSTRS because of his whistleblowing. At the same time then took his ideas to help identify systemic spiking in the teacher retirement system. This interview took place on January 4, 2015 at KPFA Pacifica Radio by WorkWeek Radio host Steve Zeltzer. For more information: https://www.youtube.com/watch?v=PdZuNljTmag http://www.kcra.com/news/Pension-spiking-allegations-swirl-at-CalSTRS/16567894 https://www.youtube.com/watch?v=comEUbdj67o http://www.endteacherabuse.org/DownLoadWCC/CApensionwhistleblower.pdf http://calpensions.com/2011/07/19/calstrs-wants-no-change-in-anti-spiking-bill/ http://sandiegofreepress.org/2015/10/are-charter-school-directors-bending-pension-rules/ http://timesofsandiego.com/education/2015/09/01/calstrs-ok-with-coach-dennis-snyders-6-figure-nonprofit-pay/ http://www.csus.edu/calst/Journalism%20Awards/Daily/Six-figure%20pensions%20soar_series%20of%202.pdf http://www.nakedcapitalism.com/2015/07/private-equity-carry-fee-scandal-spreads-to-calstrs-after-nc-points-out-connection.html Production of WorkWeek Radio https://soundcloud.com/workweek-radio Labor Video Project www.laborvideo.org To contact the CalSTIRS Board Members about this issue: CalSTIRS Board Members Board@CalSTRS.com • Phone: 916-414-2201 PROFILE ELECTED. TERM: 01/01/16 - 12/31/19 Harry M. Keiley Board Chair, K-12 Classroom Teacher Chair Harry M. Keiley is a high school teacher with the Santa Monica-Malibu Unified School District, and was elected to the Teachers’ Retirement Board in 2007. He has served as the president of Santa Monica-Malibu Classroom Teachers Association and chair of the California Teachers Association Political Involvement Committee. PROFILE ELECTED. TERM: 01/01/16 - 12/31/19 Sharon Hendricks Board Vice Chair, Community College Instructor Vice-chair Sharon Hendricks is a communications studies professor with the Los Angeles Community College District and was elected to the Teachers’ Retirement Board in 2011. She also serves as president of the American Federation of Teachers, local 1521 chapter at Los Angeles City College. Michael Cohen Ex-Officio Member, Director of Finance John Chiang Ex-Officio Member, State Treasurer Dana Dillon K-12 Classroom Teacher Dana Dillon is an intermediate grade school teacher from Weed. She has served on the board since her election in 2003, including stints as chair and vice chair. Ms. Dillon has been active in the California Teachers Association for more than 26 years, serving as state council representative, and was recently elected to the board of directors. Dana Dillon serves on the following committees: Joy Higa Public Representative Joy Higa is the vice president, regulatory affairs, for UnitedHealthcare, Paul Rosenstiel Public Representative Tom Torlakson Ex-Officio Member, State Superintendent of Public Instruction Thomas Unterman Public Representative Betty Yee Ex-Officio Member, State Controller Betty T. Yee was elected as State Controller in November 2014, Nora E. Vargas School Board Representative