California State Treasurer
Ex officio member
- Board Governance
- Pension & Health Benefits
- Risk & Audit
Upon election as California state treasurer
John Chiang is serving his third term on the CalPERS Board of Administration, and his first as California state treasurer. He served two terms on the CalPERS Board during his previous tenure as California state controller.
As the state's banker, the treasurer is responsible for trillions of dollars in transactions every year, selling California's bonds, investing its money, and managing its cash. In addition, the treasurer manages financing authorities that help improve schools and transportation and provide jobs, quality health care, more affordable housing, and a cleaner environment for those who call California home.
John's public service career has spanned two decades. Prior to his election as state treasurer, he served eight years as the California state controller. He served on the state Board of Equalization from 1997 to 2006.
He has led efforts to reform the state's public pension systems; helped local governments navigate difficult economic times; protected California's natural resources; and launched financial and tax assistance seminars for California's working families, seniors, small businesses, and nonprofit organizations.
John has received numerous awards, including the 2011 Association of Government Accountants William R. Snodgrass Distinguished Leadership Award for improving financial management practices and consistently exhibiting the highest personal and professional standards. In March 2014, he received a California Lawyer Attorneys of the Year Award from California Lawyer magazine for leading multi-state settlement agreements with life insurance companies to restore the value of old life insurance policies and pay beneficiaries.
John graduated with honors from the University of South Florida with a degree in finance, and received his law degree from Georgetown University Law Center.