The Pennsylvania Treasury is an independent department led by the state Treasurer, whose primary duty is to safeguard and manage over $160 billion in state funds. The department invests state money to generate income on behalf of citizens, reviews and processes payments for state government agencies and administers several programs related to state finances, including the Unclaimed Property Program and the PA 529 College Savings Program. The Treasurer can serve a maximum of two successive four-year terms, and cannot serve as Auditor General for four years after leaving the office of Treasurer. The salary is $177,200.
