The Office of the State Treasurer provides strategic leadership on the State's investments, banking services and debt management programs. These programs are designed to optimize the State's cash flow, provide the necessary liquidity to meet daily obligations, ensure proper investment of remaining funds, safeguard all funds on deposit, and promote sound borrowing practices. The office upholds the implementation of best practices and long term sustainability for each program by selecting and building strong partnerships with world class providers.
Oversees the management of the State’s general, special and school fund investment portfolios totaling about $1.6 billion. Portfolio performance and historical trends are reported annually.
Responsible for the design and implementation of the State’s banking structure, including the infrastructure for secure information exchange and transaction processing.
The Office of the State Treasurer administers the State of Delaware's Retirement Savings Plans for state employees and education professionals and has oversight for the administration of Delaware’s 529 College Savings Plan and the development and implementation of Delaware’s ABLE plan, a program for persons with disabilities. All of these plans are tax-advantaged, voluntary savings vehicles that do not involve state monies and do not require minimum contributions, while providing flexible investment choices and easy enrollment processes.
Voluntary savings are an important step toward living out a financially secure future. Pension and Social Security payments may not be enough to meet your needs in retirement.
It is never too late to start saving for college. While an earlier start is better, starting when your child is older still provides tax and asset growth benefits needed to reach higher education goals.