California Government Employee Raked In $1.7 Million Last Year, Previously Recruited By Chinese Espionage Program

One might think the governor would be the highest paid state government employee, but that is not always the case. In California, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), Meng Yu, received $1.7 million in total pay and benefits in 2019, paid for by taxpayers.

The Washington Free Beacon reported that Meng’s compensation was revealed in financial disclosure forms obtained by watchdog group Transparent California. The pension fund covers two million members in retirement and provides health insurance to 1.5 million, the outlet reported.