Treasurer’s role in State Retirement
Safeguarding the ability of public pension programs to meet their long term obligations to public employees is an important role of the Washington State Treasurer’s Office.
The Treasurer sits on the Washington State Investment Board which invests funds for 17 different public pension programs. Returns on these investments will account for about 75 percent of what is paid out to public retirees of these State programs. These programs in total have, on average, earned over 8.20 percent annual rates of return in the past 20 years.
The Treasurer also is one of three State Finance Committee members, along with the Governor and Lieutenant Governor. This Committee appoints the Washington State Investment Board’s Executive Director.
Washington State consistently ranks as one of the top 10 states in the country for the stability of its pension programs.
If you want to find out more about state pension programs check the following links: