The North Carolina Department of State Treasurer is a state government agency responsible for managing the financial operations and investments of North Carolina. Led by the State Treasurer, who is elected by popular vote every four years, the department oversees approximately $140 billion in assets, including the North Carolina Retirement Systems, the nation’s ninth-largest public pension fund. The department’s core responsibilities include administering the state’s pension system for public employees, managing the State Health Plan for teachers and state employees, handling unclaimed property, and overseeing the state’s debt management. It also provides financial management and investment services for government funds, local governments, and public authorities. The agency plays a crucial role in maintaining North Carolina’s AAA bond rating from all three major rating agencies, which enables the state to borrow money at lower interest rates. The department also operates the NC ABLE Program, which helps individuals with disabilities save money while preserving their eligibility for federal benefit programs. The State Treasurer serves on various state boards and commissions, including the State Banking Commission, the Local Government Commission, and the Council of State. The department employs hundreds of professionals across multiple divisions, including Investment Management, Financial Operations, and Retirement Systems.