Californian civil servants can also earn more than a million dollars a year, most of which are coaches from the campuses of the University of California, and probably more than $4 million a year. In addition, the two public pension funds, CalPERS and CalStRS, are also places of work for millions of civil servants.
In 2024, nine Californian civil servants were paid millions of dollars a year. The latest state-of-the-art California Public Service Pay Database (Bee's State Worker Salary Data) has been released recently by the Shargami Bee. The database will be updated again in September, when the University of California system will publish payroll data. The salary figures published by the California Comptroller's Office show that there has been an upward trend in recent years for millions of civil servants: three in 2019, five in 2023, and nine in 2024, partly due to inflation. Moreover, almost all of the current million civil servants are from the Public Retirement Fund, the California Public Service Retirement Fund (CalPERS) and the California Teacher Retirement System (CalSTRS). The highest paid civil servant was Christopher Ailman, former investor of CalSTARS, who received a total salary of $1.8 million before leaving, $612,000 for salaries and $1.2 million for other income such as bonuses. Cassandra Lichnock, the executive director of CalSTARs, and Scott Chan, the new investor, also earn more than a million dollars a year. CalPERS also earns over a million dollars a year: Executive Director Marcie Frost, Professional Investment Officer Dan Bienvenue, Arnold Phillips, Anton Orlich and Sarah Corr. The other four CalPERS, CalSTARS, and an employee of the California Wages and Insurance Fund are just over a million dollars, with an annual salary of $980,000 each. A more special million civil servant is George Soohoo, the corrections department’s dentist, whose salary plus a non-leave bonus exceeds $1.2 million. Sanford Jacoby, a researcher at the Andersen Institute of Management in Los Angeles, said that these public sector employees managed funds with the same difficulty as Wall Street investors, but with much less annual pay than the latter. He said that most of the high salaries of public sector investors came from performance bonuses, using the $500 billion CalPERS, for example, because the stock market had continued to grow, and it had not been possible to get more prizes in recent years. At the same time, CalPERS and CalStRS were not particularly well paid compared to other public funds, but competed with private investors as well.
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