Office of the State Treasurer Jobs in Wisconsin

Company:
Office of the State Treasurer
Current Opportunities (0)
Company Website
Location(s):
Madison,  WI
53703
Map Location
Industry:
Government
Size:
11-19

Company Overview

Local Government Investment Pool
The State Treasurer is responsible for administration of the Local Government Investment Pool. Unobligated funds from participating local governments are pooled with state funds and invested by the State of Wisconsin Investment Board. Funds deposited in the pool are available for withdrawal on one day's notice and without penalty on interest earnings. Interest, less administrative expenses, is credited to the local government accounts monthly. Average daily balance in the pool now exceeds $3.1 billion.

Investments of excess funds are made by the State of Wisconsin Investment Board. The Investment Board is authorized to invest in United States direct and agency issues of no more than 10-year maturity, commercial paper of highest rating by two rating firms, and banker acceptances and certificates of deposit of banks with capital of more than $500 million. Certificates of deposit are purchased on a competitive basis.

Unclaimed Property
The office also maintains custody and records for all property received under provisions of the uniform unclaimed property act and general escheat laws. The Treasurer reviews, and if necessary, audits business and corporate records to assure compliance with unclaimed property statutes.

To search for unclaimed property and to obtain additional information about unclaimed property, please go to the Unclaimed Property section.

Wisconsin College Savings Program
EdVest and tomorrow's scholar are Wisconsin's "529" College Savings Programs. They are administered by the Office of the State Treasurer and is managed by Wells Fargo Funds Management, LLC.

With EdVest and tomorrow's scholar, you can open an account on behalf of a designated beneficiary. Your contributions are placed in a trust and are directed into special investment portfolios designed and managed specifically for the program. Earnings in your account will grow state and federal tax free until the time your beneficiary is ready to go to college. The funds are then available to be used to pay for qualified higher education expenses at any eligible school nationwide – including two and four-year colleges, technical, vocational, and graduate schools.