Style The Honorable | Inaugural holder Ira Allen
1778 | |
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Term length Two years, no term limit Formation Constitution of Vermont Website State Treasurer's Office | ||
The State Treasurer's Office is responsible for several administrative and service duties, in accordance with Vermont Statutes. These include: investing state funds; issuing state bonds; serving as the central bank for state agencies; managing the state’s cash balances, check processing and reconciliation; safeguarding and returning unclaimed or abandoned financial property; and administering three major pension plans for public employees. The treasurer is elected to two year terms as are all Vermont's constitutional state office holders.
The incumbent is Beth Pearce, who was appointed to the office in January, 2011 when Jeb Spaulding resigned to become Secretary of Administration in the cabinet of Governor Peter Shumlin, and has been subsequently elected. Pearce had been Spaulding's deputy.