Mike Pieciak

Vermont State Treasurer Mike Pieciak's official annual report describes the Treasurer's Office work returning record amounts of unclaimed property and safeguarding state assets during his second term.

January 15, 2025Supports Government Efficiency

Source: vermonttreasurer.gov

Launched the MoneyBack program with Gov. Scott on 2024-12-18, automatically returning about $1.3 million in unclaimed property to over 5,000 Vermonters.

December 18, 2024Supports Government Efficiency

Source: vermonttreasurer.gov

His office switched over 7,000 retired teachers' Medicare Advantage coverage to HealthSpring for 2026, announced 2025-09-11, after the old insurer sought a nearly 50% rate increase.

September 11, 2025Supports Government Spending Reduction

Source: vermonttreasurer.gov

Announced on 2025-01-07 that state pensions reached their best funding in nearly a decade, crediting the 2022 pension reforms (Act 114) he worked on as a 2021 Pension Task Force member.

January 7, 2025Supports Government Spending Reduction

Source: vermonttreasurer.gov

Publicly called on Attorney General Charity Clark on 2026-09-24 to drop trespass charges against 13 people arrested at a July protest at the ICE center in Williston. He said the protest was peaceful and the prosecution wastes taxpayer money.

September 24, 2026

Source: vermonttreasurer.gov

Launched a task force on 2026-09-23, which he chairs, to find ways to expand employee ownership of Vermont businesses as many owners near retirement without a successor.

September 23, 2026

Source: vermonttreasurer.gov

Endorsed by the Vermont AFL-CIO for Treasurer on 2026-07-27 in the labor federation's first round of 2026 endorsements.

July 27, 2026

Source: vt.aflcio.org

A new housing law (S.328), announced 2026-06-23, expanded his local investment program to let him invest 12.5% of the state's cash in housing and economic projects.

June 23, 2026

Source: vermonttreasurer.gov

His pharmacy discount card plan (H.577) became law in June 2026 with broad bipartisan support. It helps Vermonters save on prescriptions with no new taxes or fees.

June 16, 2026

Source: vermonttreasurer.gov

Publicly criticized federal immigration agents and police on 2026-03-11 over tear gas and other actions against protesters in South Burlington, and asked for answers.

March 11, 2026

Source: vermonttreasurer.gov

Joined state fiscal officers on 2026-02-24 in a letter urging President Trump to stop tariffs lacking congressional approval and to repay those harmed.

February 24, 2026

Source: vermonttreasurer.gov

Issued a statement on 2026-01-25 condemning the killing of Alex Pretti by federal immigration agents in Minneapolis and disputing the administration's account.

January 25, 2026

Source: vermonttreasurer.gov

Announced on 2026-01-22 that state and teacher pension systems reached their highest funding levels in a decade: 73.2% and 63.4%.

January 22, 2026

Source: vermonttreasurer.gov

Condemned federal guidance on 2025-11-04 claiming federal law overrides Vermont's ban on medical debt in credit reports.

November 4, 2025

Source: vermonttreasurer.gov

Led state fiscal officers in a letter, announced 2025-10-02, challenging Trump Media's place in the Russell 3000 stock index over its falling value and governance concerns.

October 2, 2025

Source: vermonttreasurer.gov

His medical debt relief plan (S.27) became law on 2025-05-15 after a unanimous vote. It wipes out up to $100 million in medical debt and removes medical debt from credit reports.

May 15, 2025

Source: vermonttreasurer.gov

Released an estimate on 2025-04-03 that new federal tariffs cost Vermont households about $1 billion a year.

April 3, 2025

Source: vermonttreasurer.gov

Created a Task Force on the Federal Transition on 2025-01-16 to study how the new Trump administration's policies affect Vermont's economy and budget.

January 16, 2025

Source: vermonttreasurer.gov

Began carrying out the Climate Superfund Act on 2024-07-24, seeking expert input with the natural resources secretary on how to charge fossil fuel companies for climate damage in Vermont.

July 24, 2024

Source: vermonttreasurer.gov

Was authorized by a new law on 2024-06-28 to set up a Vermont Baby Bonds pilot, giving savings accounts to some children born into poverty for later use on homes, school or businesses.

June 28, 2024

Source: vermonttreasurer.gov

Awarded $15 million on 2023-11-28 to create a low-cost loan fund for towns paying for recovery from the July 2023 floods.

November 28, 2023

Source: vermonttreasurer.gov

Awarded $55.5 million on 2023-09-13 from the 10% in Vermont program, mostly $50 million to the Vermont Housing Finance Agency, the program's largest housing investment.

September 13, 2023

Source: vermonttreasurer.gov

Offered up to $53.5 million in state Citizen Bonds for sale on 2023-08-24, giving Vermont residents and businesses first priority to buy.

August 22, 2023

Source: vermonttreasurer.gov

His Vermont Saves proposal (S.135) became law on 2023-06-01 after passing unanimously. It requires employers without a retirement plan to offer workers an automatic Roth IRA they can opt out of.

June 1, 2023

Source: vermonttreasurer.gov

Expanded the Treasurer's "10% in Vermont" local investment program on 2023-04-10, raising its lending capacity from $39 million to $100 million for housing and local economic projects.

April 10, 2023

Source: vermonttreasurer.gov

Sworn in on 2023-01-05 as Vermont's 31st State Treasurer, with Gov. Phil Scott, his former boss, giving the oath.

January 5, 2023

Source: vermonttreasurer.gov

His department reached a $640,000 settlement with Robinhood on 2022-03-17 over trading platform outages during the March 2020 market drop and weak supervision of options approvals.

March 17, 2022

Source: dfr.vermont.gov

Announced on 2022-02-14 that crypto lender BlockFi agreed to settle with his department over unregistered interest accounts sold to over 470 Vermonters. Vermont was a lead state in the $100 million national deal.

February 14, 2022

Source: dfr.vermont.gov

His department and the Jay Peak receiver reached a $4.5 million settlement with Merrill Lynch on 2022-01-06 over its handling of accounts used in the Jay Peak EB-5 fraud.

January 6, 2022

Source: dfr.vermont.gov

Issued a statement on 2021-08-11 after Jay Peak developer Bill Stenger pleaded guilty to lying to the federal government, saying the developers had routinely given the State false information.

August 11, 2021

Source: dfr.vermont.gov

Praised a $32.5 million settlement on 2021-06-04 between the Jay Peak receiver and a law firm that advised developer Ariel Quiros in the EB-5 investment fraud.

June 4, 2021

Source: dfr.vermont.gov

Joined the Attorney General on 2020-12-08 in a national settlement with Nationstar Mortgage over mortgage servicing violations. 78 Vermonters got about $100,000 in relief.

December 8, 2020

Source: dfr.vermont.gov

Led Vermont's COVID-19 data modeling for the Scott administration, presenting weekly case forecasts. His 2020-07-02 update reported new cases down 35% from the week before.

July 2, 2020

Source: dfr.vermont.gov

Approved Allstate's plan on 2020-04-07 to cut Vermont auto insurance premiums by about 15% during the COVID-19 stay-home order, saving drivers over $500,000.

April 7, 2020

Source: dfr.vermont.gov

Ordered a $100,000 penalty on 2020-03-06 against two financial advisers and their firm who pressured a Vermont woman with dementia to change her investments.

March 6, 2020

Source: dfr.vermont.gov

His department fined John Hancock Life Insurance $800,000 in a settlement announced 2019-12-09 for underpaying about 962 life insurance beneficiaries.

December 9, 2019

Source: dfr.vermont.gov

His department reached a $1.8 million settlement on 2019-12-03 with Companion Life Insurance for selling unapproved and inadequate health plans to students at ten Vermont colleges.

December 3, 2019

Source: dfr.vermont.gov

His department clarified in June 2019 that Vermont insurers cannot deny medically necessary gender-affirming care based only on a patient's age.

June 24, 2019

Source: dfr.vermont.gov

As financial regulation commissioner, announced a new state fund on 2019-06-17 to repay part of the losses of Vermonters hurt by investment fraud. His department worked with lawmakers to create it (Act 57 of 2019).

June 17, 2019

Source: dfr.vermont.gov

Began a one-year term on 2018-09-25 as president of the North American Securities Administrators Association, the national group of state securities regulators, while serving as Vermont's financial regulation commissioner.

September 25, 2018

Source: nasaa.org