The Treasurer is the head of the state treasury and is responsible for the investment of State funds, issuing State bonds authorized by the General Assembly, serving as the central bank for State agencies, managing the State's cash balances, processing of checks, and the reconciliation of payroll and vendor checks, safeguarding and returning unclaimed or abandoned financial property, which is held in trust by the State until the rightful owner can be located, administrating three major pension plans, the deferred compensation plan, and the defined contribution plan for State employees, teachers, and participating municipalities, and other duties
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