Vermont State Treasurer Beth Pearce Issues Statement on Decision to Not Seek Re-Election after Six Terms

04 May 2022

Vermont State Treasurer Beth Pearce Issues Statement on Decision to Not Seek Re-Election after Six Terms

 

Montpelier, VT – Today Vermont State Treasurer Beth Pearce announced she will not seek re-election and will be retiring in January 2023, after six terms in office. In her time as Treasurer, Beth served as President of the National Association of State Treasurers (NAST), President of the National Association of State Auditors, Comptrollers and Treasurers (NASACT), and as Chair of the Government Accounting Standards Advisory Council (GASAC). She made her statement, printed below, at a press conference in Montpelier on Wednesday:

 

Thank you all for coming out to the Pavilion today. I would like to start by saying that it has been my greatest personal and professional honor to serve the people of Vermont for the past 19 years, first as Deputy Treasurer, and since 2011, as your State Treasurer. This service has been the highpoint of my more than 45 years in government finance. After much consideration and having received some health news this past month, I have decided not to seek re-election.

 

During my tenure as State Treasurer, I have worked diligently to ensure that the work that we do in the Treasurer’s Office is not just numbers on spreadsheets, but a reflection of our commitment of service to, and respect for, everyone in Vermont. I am so proud of this office and what we have accomplished over the past decade. Some have described our day-to-day operations as the State’s banker, pension and unclaimed property administrator, as mundane, but it has truly been my passion. We have worked tirelessly to advance other policy initiatives from an economic and financial perspective, such as clean water, affordable housing, the VermontABLE program, local investments, and of course pension reform and the preservation of the defined benefit system for Vermont’s teachers, state and municipal employees.

 

I have the best staff in state government, and I would like to take a moment to thank them for their ongoing dedication to public service. I know that they will support the next Treasurer in exemplary manner. Vermont is a special place, and I will deeply miss serving as your State Treasurer.

 

 

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