Departments, Agencies and Boards
The Massachusetts State Treasury is comprised of thirteen departments, agencies, boards, and commissions, four of which are quasi-governmental agencies affiliated with Treasury.
The ABCC provides uniform control over the sale, transportation, possession, purchasing, and manufacturing of alcoholic beverages in the state.
The Cash Management Division is responsible for managing Massachusetts’ daily cash flows. Its responsibilities include managing the state’s banking needs, short-term investment pool, and the regular reconciliation of state agency bank accounts.
The Debt Management Division is responsible for managing the state’s short-term borrowing needs through the sale of revenue anticipation notes and other liquidity facilities and the state’s long-term borrowing needs through the sale of Commonwealth bonds.
The Defined Contribution Plans Division offers retirement savings programs for public employees and employees of eligible nonprofit organizations in the state.
OEE offers free and accessible financial education, promotes wage equity, and facilitates policies that empower all Massachusetts residents.
The Massachusetts State Retirement Board administers retirement benefits for members of the Massachusetts State Employees’ Retirement System.
By providing low-interest loans and grants to cities, towns, and water utilities, the Trust helps communities build or replace water infrastructure that enhances ground and surface water resources, ensures the safety of drinking water, protects public health, and develops resilient communities.
The Unclaimed Property Division protects the unclaimed assets of Massachusetts residents, workers, and businesses. Most financial assets that have been inactive for three years are reported to the division and held until they are claimed either by the original owner or their heirs.
The Veterans' Bonus Division supports veterans and servicemembers originally from Massachusetts who served during wartime or participated in combat operations by providing them or their families with a bonus payment.
Treasury Departments
The AAPIC is a quasi-independent agency, for which the Treasurer and other appointing authorities name Commissioners. It champions the causes and concerns of the Asian American and Pacific Islander community in Massachusetts.
The Massachusetts State Lottery is a quasi-independent agency, and the Treasurer chairs its five-person Commission. The Lottery generates essential unrestricted local aid for all cities and towns, provides a source of revenue for its expansive network of retail partners, and awards billions of dollars in prizes to its players each year.
The MSBA is a quasi-independent agency, and the Treasurer is the Chair of its Board. In its work funding capital improvement projects in the state’s public schools, the MSBA strives to work with local communities across Massachusetts to create 21st century schools that are affordable, sustainable, and energy efficient.
PRIM is a quasi-independent agency, and the Treasurer serves as Chair of its Board. PRIM manages the assets of the state’s pension fund on behalf of Massachusetts state employees, Massachusetts teachers, Boston teachers, authorities, and local participating retirement systems that elect to invest with PRIM.