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Vermont Treasurer
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Current officeholder
The current officeholder is Elizabeth Pearce. She was first appointed to the position in January 2011 by Gov. Peter Shumlin to replace Jeb Spaulding, who was appointed Secretary of Administration.
Elections
The governor, lieutenant governor, attorney general, secretary of state, treasurer and auditor are elected every two years, on the first Tuesday following the first Monday in November.
In Vermont, state executives are elected in even numbered years; 2010, 2012, and 2014 are all election years.
Vacancies
Section 20 of the Vermont Constitution, grants the governor the power to fill a vacancy in the office by appointment. The appointee shall serve until the next regularly scheduled election.
Duties
The office of the treasurer has a wide range of duties:
- invests state funds
- issues of all state bonds authorized by the general assembly
- serves as the central bank for state agencies
- manages the state's cash balances, processes checks and reconciles payroll and vendor checks
- safeguards and returns unclaimed or abandoned financial property
- administers three major pension plans, the deferred compensation plan, and the defined contribution play for state employees, teachers, and participating municipalities[2]
Divisions
The treasurer's office is organized into an executive office and five divisions. The executive office supervises all of the other divisions and maintains responsibility for overall strategic planning, legislative initiatives, constituent relations, debt management, and financial literacy.[2] The five divisions are:
- Investment and Debt Management
- Retirement
- Technology Services
- Treasury Operations
- Unclaimed Property
Compensation
In 2010, the Vermont Treasurer was paid an estimated $90,376 according to the Council of State Governments.[3]
Contact information
Office of the State Treasurer
109 State Street
Montpelier, VT 05609
- Phone: (802) 828-2301
- Fax: (802) 828-2772
- TTY: (800) 253-0191
- E-mail: Treasurers.Office@state.vt.us
See also
External links
References
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