Jeb Spaulding was re-elected to a fourth term as Vermont State Treasurer in November 2008. During his tenure, Treasurer Spaulding has emphasized continuous improvement in the treasury fundamentals of cash, debt, investment and risk management. He has been active in the National Association of State Treasurers and is currently immediate past president and chair of the long range planning committee.

 

Treasurer Spaulding is the foremost public official in Vermont advocating for positioning Vermont's retirement plans for public employees to ensure long-term sustainability. He has chaired successful commissions created by the State Legislature to revamp both the benefit and funding provisions of the pension and retiree health plans.

 

As Chair of the Capital Debt Affordability Committee, he led a multi-year effort that in 2007 resulted in Vermont regaining a triple-A bond rating for the first time since the 1970s. Vermont now has the most favorable credit ratings of all New England states.

 

Under Spaulding's leadership, the oversight of Vermont's $3 billion in pension assets continues to be refined to improve efficiency and effectiveness. The Vermont Pension Investment Committee was formed to oversee pooled assets for the three state-level retirement systems resulting in reduced management fees and enhanced returns. In addition, new retirement programs introduced during his tenure include health savings accounts for members of the municipal employees' retirement system; a 403(b) plan for Vermont school districts; and dental insurance for members of all three Vermont retirement systems.

 

Other notable accomplishments as State Treasurer include the return of more than $30 million in unclaimed financial property to Vermonters since 2003; the creation of the Bank in Vermont program that provides a fair and safe method of depositing State funds in Vermont banks; development of policies promoting corporate responsibility, such as an active proxy voting system and restrictions on investments in companies and governments linked to terrorist or genocidal activities; and the establishment of a well-respected financial literacy function within the State treasury.

 

As State Treasurer, Spaulding serves on the boards of the Vermont Student Assistance Corporation, the Vermont Economic Development Authority, the Vermont Housing Finance Agency, the Vermont Municipal Bond Bank, and several other state-sponsored entities.

 

Prior to being elected State Treasurer, Spaulding served eight terms in the Vermont State Senate from 1985-2000. Spaulding was a founder and General Manager of WNCS-FM in Montpelier and a partner in Precision Media, Inc. His previous community level service includes organizations such as the Red Cross, United Way, Central Vermont Adult Basic Education, and the Washington County 4-H Foundation.

 

Treasurer Spaulding was educated at Antioch College and the University of Vermont where he earned a Bachelor of Arts and a Master's degree in Education. He is married to Susan Morse Spaulding and they have two grown daughters.