Investments and Pensions
Controller Malia M. Cohen is a member of the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) Boards, the two largest public pension systems in the nation. These two pension funds have a combined portfolio of more than $800 billion and responsibility for retirement income security of 2.7 million Californians. As a board member, Controller Cohen is focused on delivering promised retirement and health benefits for members while keeping the pension systems on sound fiscal footing. Also a member of the California Secure Choice Retirement Savings Board, Controller Cohen encourages greater retirement savings for millions of private-sector employees who lack access to employer-sponsored retirement plans. She is dedicated to addressing the escalating costs of retiree health care and long-term care, income inequalities, and other cost pressures in retirement such as housing.