Meet the Treasurer
Vermont State Treasurer Beth Pearce
Beth Pearce was elected to a third term in office in November 2014. She served her first term upon appointment to the position of Vermont State Treasurer by Governor Peter Shumlin in January 2010 and was elected to her second term as Treasurer in November 2012. Previous to assuming the role of State Treasurer, she served for more than seven years as Vermont's Deputy Treasurer. She accepted the appointment to Treasurer following the resignation of then Treasurer Jeb Spaulding, upon his appointment to Secretary of Administration.
Experience and Focus
Treasurer Pearce has almost 40 years of experience in government finance at both the state and local levels. As State Treasurer, she has emphasized the importance of maintaining Vermont's bond rating. Vermont has the highest general obligation bond ratings of any New England state. She continues her advocacy for conservative and affordable debt practices, prudent management of the pension systems, and responsible use of reserves.
Under her leadership, Vermont's unclaimed property program marked a historic accomplishment in fiscal year 2012--paying more claims than in any previous year since the program's inception. Pearce also is an advocate of financial literacy. Her office developed and manages the only statewide financial literacy program for Vermont's elementary school children with more than 137 schools participating. As Treasurer, she supports financial literacy awareness activities such as the annual statewide Be Money Wi$e poster competition. At left, she is pictured with Franklin Central School student Haley Stefaniak, an honorable mention winner in the 2015 contest.
The Vermont League of Cities and Towns annually bestows the Town Government Award to a Vermonter who is not a local official, but who shows exceptional awareness of local government problems and works to strengthen cities and towns. Treasurer Pearce received the 2013 award for her focused concern for the welfare of stricken Vermont municipalities as they recovered from the devastation of Tropical Storm Irene and the summer of 2013 storms. The award recognized her work to provide for the advance of State payments to towns to help municipalities with cash flow difficulties related to storm cleanup. The VLCT also recognized her work in the disbursement of Title III funds to towns with Green Mountain National Forest land within their borders for emergency service expenses stemming from the 2011 flood damage. At right, she receives the award from VLCT Executive Director Steven Jeffrey.
Treasurer Pearce serves as the Secretary-Treasurer for the Executive Committee and the Vice Chair of the Legislative Committee for the National Association of State Treasurers (NAST). She also serves as Treasurer on the Executive Committee of the National Association of State Auditors, Comptrollers, and Treasurers (NASACT). In 2015, she received NASACT's President's Award for national leadership in state government transparency.
She is the Past President of the National Association of Unclaimed Property Administrators (NAUPA) and is one of two state advisors to the Uniform Law Commission on Unclaimed Property. NAUPA recognized her service in 2013 and awarded her the Presidential Distinguished Service Award. NAST also recognized her service in 2013 with the Harlan Boyles-Edward T. Alter Distinguished Service Award.
She was selected as one of ten notable women featured by The Bond Buyer in a special supplement on trailblazing women in public finance.
Prior to joining the Vermont State Treasurer's Office, Pearce served as Deputy Treasurer for Cash Management at the Massachusetts State Treasurer's Office from 1999-2003; Deputy Comptroller for the Town of Greenburgh, New York; and as the Accounting Manager and Financial Operations Manager for the Town of West Hartford, Connecticut. In addition, she has served as a fiscal officer with the Massachusetts Department of Social Services and as a project director for the Massachusetts Executive Office of Human Services.
Treasurer Pearce has a B.A. from the University of New Hampshire. She has prepared financial reports that have received the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association.
She resides in Barre, Vermont.