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California / State Teachers Retirement Systems / Chief Financial Officer

Job-title file

Chief Financial Officer

Maintain financial records, prepare budgets and reports, and ensure compliance with fiscal rules.

1 employees hold this title in State Teachers Retirement Systems. Median total compensation for the role is $485,679, above the department median of $94,312.

Employees
1
Total payroll
$485.7K
Role median
$485,679
Agency median
$94,312
Comparison
Above

Compared with the local labor market

Chief Financial Officer pay vs. California

Across all employers in California, the median wage for Chief Executivesabout 34,700 people is $218,600. State Teachers Retirement Systems pays a median base salary of $328,273 for this role, 50% above that figureabout the 71st percentile of local pay for the occupation.

Where State Teachers Retirement Systems sits in the local pay range

10th
25th
Median
75th
90th
$85,790
$133,610
$218,600
$351,090
$486,830
State Teachers Retirement Systems median · $328,273

The bar is the range of annual wages for Chief Executives across every employer in California, from the 10th to the 90th percentile, with the middle 50% highlighted. The marker shows State Teachers Retirement Systems’s median base salary for this role. Both figures are base pay only.

And across the country

Nationwide, the median wage for Chief Executivesabout 204,350 people is $213,990. State Teachers Retirement Systems’s median base salary is 53% above that national figure, about the 70th percentile of pay for the occupation nationally.

10th
25th
Median
75th
90th
$75,700
$129,540
$213,990
$356,200
$507,730
State Teachers Retirement Systems median · $328,273

Local and national wages differ for reasons beyond how well a job pays — cost of living, the mix of employers, and local demand for the occupation all move the California range relative to the national one.

Median total compensation for this role at State Teachers Retirement Systems is $485,679, which includes overtime and employer-paid benefits. The benchmark above excludes both, so total compensation is deliberately not compared against it.

Benchmark: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025). BLS Occupational Employment and Wage Statistics (OEWS) covers all employers in the area — private, non-profit, and government alike — so this is a comparison against the whole local labor market for the occupation, not against private-sector pay. OEWS wages are straight-time pay and exclude overtime, shift differentials, and employer-paid benefits, so the government figure shown here is base pay on the same basis. Total compensation is not comparable to it. Job titles are matched to the closest standard occupation, so the comparison is between similar work rather than an identical job classification.

Compare departments

This role across California

Chief Financial Officer is held in 6 California departments. In State Teachers Retirement Systems, the median of $485,679 ranks #1 of 6.

Highest-paying departments for this role

Median total compensation for the Chief Financial Officer role in other Californiadepartments (highest first). Each bar links to that department’s page for this role.

Compare jurisdictions

Chief Financial Officer beyond California

This role is reported in 8 jurisdictions. In California, the median of $231,443 ranks #1 of 8. See Chief Financial Officer across all of California

Highest-paying jurisdictions for this role

Georgia
$195,149 · 8
Vermont
$137,176 · 7
Metro Nashville
$68,514 · 9
Rhode Island
$38,057 · 20

Median total compensation for comparable Chief Financial Officer roles in other jurisdictions. Titles are matched by normalized name across sources, not identical job classification, and pay is not cost-of-living adjusted. Each bar links to that jurisdiction’s page for the role.

Record list

Employees with this title

Page 1

Julie Underwood

Chief Financial Officer/State Teachers Retirement Systems

2025 total comp
$485,679
Base pay
$328,273
Overtime
$0
Other pay
$157,406
Benefits
$0
Total compensation
$485,679
Employment type
Full-Time
Union / bargaining unit
M01
Work county
Yolo
Middle name
A

Source-specific fields

Base Pay
$27,667
Cs/csu
Cs
Position Number
8152014655001
Salary Total
$27,667
Total Pay
$485,679

Julie Underwood holds the role of Chief Financial Officer at State Teachers Retirement Systems. Their status is full-time. In 2025, their total compensation was $485,679. They are represented by M01.