April 17, 2024


Costing Accounting Everyday

Treasurer Beth Pearce will not seek re-election after six terms

Treasurer Beth Pearce can make a stage at the Emergency Board meeting in July 2019. VermontBiz photo.

Vermont Small business Journal Currently Vermont Condition Treasurer Beth Pearce declared she will not look for re-election and will be retiring in January 2023, following six phrases in workplace. She cited recent health and fitness-linked problems in generating this decision. In her time as Treasurer, Pearce served as President of the Nationwide Association of State Treasurers (NAST), President of the Nationwide Affiliation of State Auditors, Comptrollers and Treasurers (NASACT), and as Chair of the Governing administration Accounting Standards Advisory Council (GASAC). She produced her statement at a press convention in Montpelier on Wednesday early morning.

Treasurer Beth Pearce Statement

Thank you all for coming out to the Pavilion today. I would like to get started by indicating that it has been my greatest personal and professional honor to provide the folks of Vermont for the earlier 19 years, to start with as Deputy Treasurer, and because 2011, as your Condition Treasurer. This company has been the highpoint of my a lot more than 45 many years in authorities finance. Immediately after considerably thought and having obtained some well being news this previous month, I have determined not to request re-election.

In the course of my tenure as Condition Treasurer, I have worked diligently to make certain that the operate that we do in the Treasurer’s Office is not just quantities on spreadsheets, but a reflection of our dedication of service to, and respect for, absolutely everyone in Vermont. I am so happy of this business office and what we have achieved about the past decade. Some have described our day-to-working day functions as the State’s banker, pension and unclaimed assets administrator, as mundane, but it has certainly been my passion. We have worked tirelessly to advance other policy initiatives from an economic and financial standpoint, these types of as clean water, inexpensive housing, the VermontABLE plan, nearby investments, and of training course pension reform and the preservation of the defined gain program for Vermont’s teachers, state and municipal employees.

I have the finest staff in point out government, and I would like to take a second to thank them for their ongoing perseverance to community provider. I know that they will help the subsequent Treasurer in exemplary fashion. Vermont is a specific spot, and I will deeply miss serving as your State Treasurer.

Governor Scott, at podium, swears in Treasurer Beth Pearce and Secretary of State Jim Condos on the Condition Dwelling measures on January 7, 2021. Condos also is stepping down just after this expression. Lieutenant Governor Molly Grey, who is functioning for the open congressional seat, is at the far left. Courtesy photo.


Governor Phil Scott nowadays issued the pursuing assertion following Treasurer Pearce’s announcement that she will not look for yet another expression:

“Treasurer Pearce has been a steadfast public servant, deeply dedicated to Vermont. For the previous twelve a long time, serving alongside one another as statewide officials, I have liked our collaborate connection. Regardless of our variations, we have worked collectively perfectly on various problems.

“I know Beth will go on to provide Vermonters properly for the remainder of her phrase, and I wish her a speedy recovery.”

Statement of Lieutenant Governor Molly Grey on Treasurer Beth Pearce’s Company to Vermont 

This morning, Lieutenant Governor Molly Gray released the adhering to assertion in response to Treasurer Beth Pearce’s announcement that she will not search for re-election in 2022: 

“After decades of general public assistance, it is really hard to visualize not owning Treasurer Pearce leading the state with her abilities in governing administration finance.  

“With virtually 20 years of support to Vermont, she has served as Deputy Treasurer, then Treasurer, and is only the third girl to maintain the office. By way of her whole profession she has remained an inspiration, a mentor, and steadfast champion for ladies in management at all stages of authorities. I am grateful for her mentorship and am honored to provide statewide with her.  

“The next gentleman and I would like Treasurer Pearce a fast restoration, as nicely as a heartfelt congratulations on a occupation of community serve.”   

Beth Pearce Bio

Treasurer Pearce is the current President of the National Association of Point out Treasurers (NAST). She formerly served as the Vice President. She also serves as the Secretary of the National Affiliation of Condition Auditors, Comptrollers and Treasurers (NASACT). In 2015, she obtained NASACT’s President’s Award for national management in point out authorities transparency. She is the Earlier President of the Countrywide Association of Unclaimed Residence Directors (NAUPA) and is just one of two state advisors to the Uniform Regulation Fee on Unclaimed Home. NAUPA regarded her assistance in 2013 and awarded her the Presidential Distinguished Service Award. NAST also acknowledged her provider in 2013 with the Harlan Boyles-Edward T. Alter Distinguished Support Award.

She was picked as 1 of ten notable girls showcased by The Bond Buyer in a specific dietary supplement on trailblazing women in community finance.

Prior to joining the Vermont State Treasurer’s Place of work, Pearce served as Deputy Treasurer for Hard cash Administration at the Massachusetts State Treasurer’s Office environment from 1999-2003 Deputy Comptroller for the City of Greenburgh, New York and as the Accounting Manager and Money Operations Supervisor for the City of West Hartford, Connecticut. In addition, she has served as a fiscal officer with the Massachusetts Department of Social Providers and as a undertaking director for the Massachusetts Government Business of Human Products and services. 


Treasurer Pearce has a B.A. from the University of New Hampshire. She has ready financial studies that have gained the Certificate of Achievement for Excellence in Financial Reporting by the Federal government Finance Officers Association.

She resides in Barre, Vermont.