About the Office of State Treasurer

The Department administers the public employee retirement systems for more than 820,000 North Carolinians, as well as the 401K and 457 plans for public employees. The Department provides fiscal assistance and expertise to local governmental units by assisting them in the sale of local government debt obligations and in maintaining good budgeting, accounting, reporting, and other fiscal procedures. It also administers NC Cash, the unclaimed property database that holds nearly than $500 million.

The Department of the State Treasurer is made up of approximately 345 employees, and is composed of the following divisions:

• Retirement Systems
• Unclaimed Property & Escheats
• State & Local Government
• Financial Operations
• Investment Management
• Information Technology

Mission Statement

To serve as the state's banker and chief investment officer, and To administer the public employee retirement systems and other employee benefit plans for public employees which are assigned to the department, and

To assist units of local government in the state in maintaining strong fiscal health, and

To administer the escheat and abandoned property program.