Responsibilities
The North Carolina Department of State Treasurer has broad authority over the finances of the state.
The following table details key responsibilities and divisions within the Department responsible for carrying them out.
|
Key Responsibilities |
Division within the Department of
State Treasurer (DST) |
| Manage $70 billion Pension Fund |
Investment Management Division (IMD) |
|
Administer Teacher & State Employee
and Local Government pension plans |
Retirement Systems Division (RSD) |
| Operate $12 billion State Bank |
Financial Operations Division (FOD) |
| Manage state and local debt issuance and
interface with bond rating agencies |
Local Government Commission (LGC) |
| Oversee Local Government Finance |
Local Government Commission (LGC) |
| Act as fiscal advisor to the State |
All Divisions |
| Manage Unclaimed Property Program |
Unclaimed Property Division (UPP) |
| Administer $4 billion 401(k)/457 plans |
Retirement Systems Division (RSD) |
| Administer State Disability Program |
Retirement Systems Division (RSD) |
For more information on the statutory duties of the State Treasurer, please consult General Statute 147-6.
Constitutional Authority -- http://www.ncga.state.nc.us/Legislation/constitution/article3.html