OH: California’s Highest-Paid Govt Employee Worked for Org Tied to Chinese Espionage. “Taxpayers paid $1.7 million to ex-pension fund manager Meng.”

https://freebeacon.com/politics/californias-highest-paid-govt-employee-worked-for-org-tied-to-chinese-espionage/ 

 

California taxpayers shelled out more than $1 million to a man linked to a Chinese espionage program, making him the state government’s highest-paid worker.

Meng Yu, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), received more than $1.7 million in total pay and benefits in 2019, according to the latest financial disclosures obtained by Transparent California, a taxpayer watchdog group. Under Meng’s leadership the pension fund, which covers two million members in the retirement system and 1.5 million members under its health program, has been subject to federal inquiries into its investments in Chinese government entities.