Department Responsibilities
The North Carolina Department of State Treasurer has broad authority over the finances of the state.
The following table details key responsibilities and divisions within the Department responsible for carrying them out.
Key Responsibilities​ Divisions within the Department of State Treasurer
Act as fiscal advisor to the State and local governments All divisions​
Administer retirement plans and other benefit programs for public employees​ Retirement Systems Division (RSD)
Invest and oversee short-term funds for government entities and long-term funds primarily for the pension fund​ Investment Management Division (IMD)
Oversee local government finance, manage state and local debt issuance, and interface with bond rating agencies​ Local Government Commission (LGC)
Operate the State Bank and perform the department's accounting and financial reporting​ Financial Operations Division (FOD)
Manage Unclaimed Property Program​
Administer health benefit programs for public employees​ State Health Plan
For more information on the statutory duties of the State Treasurer, please consult General Statute 147-6.