Press Releases

SACRAMENTO — State Controller Malia M. Cohen has released the financial data for 131 public retirement systems for Fiscal Year (FY) 2022-2023 on the State Controller’s Office (SCO) By the Numbers website.

“The financial data shows that in Fiscal Year 2022-2023, public retirement systems received $138.71 billion in contributions from employers, employees, and investment income. There was also $78.23 billion in deductions,” stated Controller Cohen. “By releasing this data, we are empowering taxpayers to independently track the financial conditions of each of the public retirement systems.”

California Government Code requires that public retirement systems submit annual reports to the State Controller within six months after the close of the fiscal year. This reporting promotes transparency, which is vital for evaluating the adequacy of funding for state and local public retirement systems. The State Controller also publishes financial data for cities, counties, special districts, transportation planning agencies, and transit operators.

The website's financial information encompasses a 20-year period — from FY 2002-2003 through FY 2022-2023 — and makes valuable public information easily accessible, allowing users to sort and filter information to identify trends and analyze spending. The SCO created this website to make it easier for taxpayers to track revenues, expenditures, and other financial data.

As the chief fiscal officer of California, Controller Cohen is responsible for accountability and disbursement of the state’s financial resources. The Controller has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation’s two largest public pension funds. Follow the Controller on X at @CAController and on Facebook at California State Controller’s Office.

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