Home » Economy » Former California pension CIO scrutinized for China ties was highest paid state employee: watchdog
Former California pension CIO scrutinized for China ties was highest paid state employee: watchdog
Fox Business Flash top headlines for December 2
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
The former chief investment officer of the nation's largest public pension fund who resigned suddenly in August amid questions about his ties to China was California's highest-paid California state employee in 2019, according to watchdog Transparent California.
Continue Reading Below
Yu Ben Meng served as CIO of the California Public Employees Retirement System (CalPERS) for less than two years. He received approximately $1.5 million in pay and $215,000 in benefits in 2019 according to Transparent California's database.
HOUSE POISED TO CUT ROGUE CHINESE FIRMS OFF FROM AMERICAN INVESTORS
California's second-highest compensated public employee was Christopher Ailman, CIO of the California State Teachers' Retirement System, who earned roughly $1 million in total pay according to Transparent California.