Skip to Content
The 190th General Court of the Commonwealth of Massachusetts

Section 1: State treasurer; supervision of department; salary; term limitation

[ Text of section effective until January 1, 2017. For text effective January 1, 2017, see below.]

  Section 1. There shall be a department of the state treasurer, under his supervision and control, organized as provided in this chapter. The state treasurer shall receive a salary of $124,920, and an additional amount to be calculated by applying the adjustment percentage most recently ascertained by the governor pursuant to Article CXVIII of the Articles of Amendment to the Constitution to the preceding figure.

  Notwithstanding other provisions of this section to the contrary, any state treasurer who has served, or but for resignation would have served, two consecutive terms in that office within the preceding eleven years shall receive no compensation. For the purpose of this section, any person serving as state treasurer as of January 15, 1995 shall be deemed to be serving his first term in that office.

Chapter 10: Section 1. State treasurer; supervision of department; salary; other sources of income

[ Text of section through subsection (a) as amended by 2017, 1, Sec. 6 effective January 1, 2017. See 2017, 1, Sec. 45. For text effective until January 1, 2017, see above.]

  Section 1. (a) There shall be a department of the state treasurer, under the supervision and control of the state treasurer, which shall be organized as provided in this chapter. The state treasurer shall receive a salary of $175,000 and an additional amount to be adjusted biennially to reflect the aggregate quarterly change in salaries and wages in the commonwealth for the most recent 8 quarters as determined by the Bureau of Economic Analysis in the United States Department of Commerce.

[ Balance of section as amended by 2017, 1, Sec. 6 effective August, 1, 2017. See 2017, 1, Sec. 42.]

  (b) The state treasurer shall not receive earned income from any other source but may receive unearned or passive income.