The Office of the State Treasurer

The Office of the State Treasurer (OST) is led by the State Treasurer, a constitutional officer and statewide elected official. The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term and, if reelected, may hold the position for two terms. The current Treasurer, Randall Edwards, took office January 2001. Over the years, the OST has developed into a highly sophisticated organization with a wide range of financial responsibilities, including managing the state’s pension fund, issuing all state debt, and serving as the central bank for state agencies. This includes overseeing the investment of approximately $68.5 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative equities, real estate and cash. The OST is managed like a business, striving to save taxpayers money by earning the highest risk-adjusted return on funds’ investments. The 75 member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.