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Michael Pieciak
2023 - Present
2027
2
Michael Pieciak (Democratic Party) is the Vermont Treasurer. He assumed office on January 5, 2023. His current term ends on January 14, 2027.
Pieciak (Democratic Party) ran for re-election for Vermont Treasurer. He won in the general election on November 5, 2024.
Biography
Mike Pieciak earned a bachelor's degree in political science and government from Union College in 2006 and a law degree from the University of Miami in 2009.[1][2][3] Pieciak's career experience includes working as a corporate attorney; as a law clerk for the U.S. District Court for the Southern District of Florida; and for the Burlington, Vermont, law office of Downs Rachlin Martin.[4][5] In 2012 he managed the re-election campaign of former Vermont Attorney General Bill Sorrell. In 2008, Pieciak was a Vermont delegate to the Democratic National Convention.[6][7][8] He served on the board of trustees of Vermont State College and the Advisory Committee on Small and Emerging Growth Companies of the U.S. Securities and Exchange Commission.[1]
From 2016 to 2022, Pieciak was Vermont’s Commissioner of the Department of Financial Regulation. Between 2014 and 2016, he was the deputy commissioner of the securities division of the same department.[9][10]
Elections
2024
See also: Vermont Treasurer election, 2024
General election
General election for Vermont Treasurer
Incumbent Michael Pieciak defeated Joshua Bechhoefer in the general election for Vermont Treasurer on November 5, 2024.
Candidate | % | Votes | ||
| ✔ |  | Michael Pieciak (D) | 60.8 | 211,134 |
 | Joshua Bechhoefer (R)  | 39.1 | 135,763 | |
| Other/Write-in votes | 0.1 | 415 | ||
| Total votes: 347,312 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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Withdrawn or disqualified candidates
- Tim Maciel (Vermont Progressive Party)
Democratic primary election
Democratic primary for Vermont Treasurer
Incumbent Michael Pieciak advanced from the Democratic primary for Vermont Treasurer on August 13, 2024.
Candidate | % | Votes | ||
| ✔ | | Michael Pieciak | 99.5 | 45,358 |
| Other/Write-in votes | 0.5 | 221 | ||
| Total votes: 45,579 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
Do you want a spreadsheet of this type of data? Contact our sales team. | ||||
Republican primary election
Republican primary for Vermont Treasurer
Joshua Bechhoefer advanced from the Republican primary for Vermont Treasurer on August 13, 2024.
Candidate | % | Votes | ||
| ✔ | | Joshua Bechhoefer | 97.3 | 19,286 |
| Other/Write-in votes | 2.7 | 542 | ||
| Total votes: 19,828 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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Withdrawn or disqualified candidates
- H. Brooke Paige (R)
Vermont Progressive Party primary election
Vermont Progressive Party primary for Vermont Treasurer
Tim Maciel advanced from the Vermont Progressive Party primary for Vermont Treasurer on August 13, 2024.
Candidate | % | Votes | ||
| ✔ |  | Tim Maciel | 87.2 | 285 |
| Other/Write-in votes | 12.8 | 42 | ||
| Total votes: 327 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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Endorsements
Ballotpedia did not identify endorsements for Pieciak in this election.
2022
See also: Vermont Treasurer election, 2022
General election
General election for Vermont Treasurer
Michael Pieciak defeated H. Brooke Paige in the general election for Vermont Treasurer on November 8, 2022.
Candidate | % | Votes | ||
| ✔ | | Michael Pieciak (D) | 65.6 | 182,571 |
 | H. Brooke Paige (R) | 34.3 | 95,440 | |
| Other/Write-in votes | 0.1 | 347 | ||
| Total votes: 278,358 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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Withdrawn or disqualified candidates
- Don Schramm (Vermont Progressive Party)
Democratic primary election
Democratic primary for Vermont Treasurer
Michael Pieciak advanced from the Democratic primary for Vermont Treasurer on August 9, 2022.
Candidate | % | Votes | ||
| ✔ | | Michael Pieciak | 99.3 | 81,428 |
| Other/Write-in votes | 0.7 | 570 | ||
| Total votes: 81,998 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
Do you want a spreadsheet of this type of data? Contact our sales team. | ||||
Republican primary election
Republican primary for Vermont Treasurer
H. Brooke Paige advanced from the Republican primary for Vermont Treasurer on August 9, 2022.
Candidate | % | Votes | ||
| ✔ | | H. Brooke Paige | 97.0 | 22,482 |
| Other/Write-in votes | 3.0 | 698 | ||
| Total votes: 23,180 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
Do you want a spreadsheet of this type of data? Contact our sales team. | ||||
Vermont Progressive Party primary election
Vermont Progressive Party primary for Vermont Treasurer
Don Schramm advanced from the Vermont Progressive Party primary for Vermont Treasurer on August 9, 2022.
Candidate | % | Votes | ||
| ✔ | Don Schramm | 94.8 | 475 | |
| Other/Write-in votes | 5.2 | 26 | ||
| Total votes: 501 | |||
| = candidate completed the Ballotpedia Candidate Connection survey. | ||||
| If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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Campaign themes
2024
Ballotpedia survey responses
See also: Ballotpedia's Candidate Connection
Michael Pieciak did not complete Ballotpedia's 2024 Candidate Connection survey.
2022
Michael Pieciak completed Ballotpedia's Candidate Connection survey in 2022. The survey questions appear in bold and are followed by Pieciak's responses. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.
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He returned to Vermont after law school and served as the Commissioner of the Department of Financial Regulation, where he recouped millions of dollars for taxpayers and worked to protect consumers from financial harm.
With the outbreak of the pandemic, Gov. Phil Scott asked Mike to help lead Vermont’s COVID-19 response as the state’s chief data and modeling expert.
Mike lives in Winooski with his partner, Will, and their English Setter, Jetty.- Strong Pensions
- Sustainable Economy
- Financial Literacy
Appointed to Vermont’s Pension Task Force by the Legislature, Mike spent months working alongside lawmakers and union representatives to forge a compromise that strengthens VT’s pension system and reduces its unfunded liabilities by $2 billion. Passed unanimously by both the House and Senate, this proposal is now law.
As Treasurer, Mike would continue to advocate for public sector workers in retirement. He would also regularly update the public on the status of the pension system and its investments to create accountability and transparency in the Treasurer’s Office.
The fear of outliving savings in retirement is real and frightening. We must ensure Vermonters have the necessary financial and investment skills to save, invest, plan and enjoy retirement. The Office of the Treasurer plays a critical role ensuring all Vermonters have the chance to learn these important financial lessons through workshops, partnerships, and educational programing.
Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.
Campaign website
Pieciak’s campaign website stated the following:
| “ |
Pensions Mike believes in supporting our teachers, state employees, and public sector workers—including in retirement. This means working to fully fund the state’s pension system and drive down unfunded liabilities. Appointed to Vermont’s Pension Task Force by the Legislature, Mike spent months working alongside lawmakers and union representatives to forge a compromise that strengthens Vermont’s pension system and reduces its unfunded liabilities by $2 billion. Passed unanimously by both the House and Senate, this proposal is now law. As Treasurer, Mike would continue to advocate for public sector workers and their dignity in retirement. He would also regularly update the public on the status of the pension system and its investments to create accountability and transparency in the Treasurer’s Office.
Climate change is a fundamental threat to our way of life and economy. As Vermont’s climate continues to grow warmer and wetter, Vermont’s traditional industries—such as maple sugaring, foliage tourism, ski season, and agriculture—will continue to be at risk. We must continue to take steps to mitigate and reduce the impact of climate change. Mike supports recent efforts by the federal government that would require publicly traded companies to uniformly disclose their carbon impact. This important step would make it considerably easier for individuals to invest in eco-friendly financial portfolios. As we continue to transition to a lower carbon economy, many high-carbon industries, like fossil fuel production, will make for bad long-term investments. Mike supports transitioning Vermont’s assets away from fossil fuels and into more environmentally and economically sustainable investments. If done strategically, these steps will ensure strong long-term returns on Vermont’s pension assets and will benefit our climate.
Housing prices in Vermont are more expensive than ever. According to one report, the median sale price of a single-family home increased by more than 16% in 2021 to $382,750. The pandemic has exacerbated existing housing issues, limiting supply chains, slowing development, and attracting out-of-state buyers. As more housing stock has been converted to investment properties or second homes, prices continue to rise and availability dwindles. The rising cost of housing has had a profound effect on Vermont’s workforce: with fewer units available, workers have had to commute further and further from their jobs or move out of state completely. We must continue to make investment in affordable housing across our state and make it easier to build housing in our growing communities.
Over the last 30 years, there has been a fundamental shift in how Americans save for retirement. Pensions are now largely limited to the public sector, leaving most Vermonters responsible for saving and investing for their own retirements. The fear of outliving savings in retirement is real and frightening. Accordingly, we must ensure Vermonters have the necessary financial and investment skills to save, invest, plan and enjoy retirement. The Office of the Treasurer plays a critical role ensuring all Vermonters have the opportunities to learn these important financial lessons through workshops, partnerships and educational programing.[11] |
” |
| —Michael Pieciak’s campaign website (2022)[12] | ||
Campaign finance summary
Note: The finance data shown here comes from the disclosures required of candidates and parties. Depending on the election or state, this may represent only a portion of all the funds spent on their behalf. Satellite spending groups may or may not have expended funds related to the candidate or politician on whose page you are reading this disclaimer. Campaign finance data from elections may be incomplete. For elections to federal offices, complete data can be found at the FEC website. Click here for more on federal campaign finance law and here for more on state campaign finance law.
Issues
ESG
| Environmental, social, and corporate governance |
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| Select a topic from the dropdown below to learn more. |
Pieciak took positions in support of the Environmental, social, and corporate governance (ESG) movement.
State financial officers, including treasurers, auditors, and controllers, are responsible for auditing other government offices, managing payroll, and overseeing pensions. In some states, certain SFOs are also responsible for investing state retirement and trust funds.
In 2017, the Vermont Treasurer’s office and the Vermont Pension Investment Committee (VPIC) adopted a policy requiring the state to weigh ESG factors when evaluating investment risks and opportunities.[13][14]
Pieciak’s 2022 campaign website identified climate change as “a fundamental threat to our way of life and economy,” including “Vermont’s traditional industries—such as maple sugaring, foliage tourism, ski season, and agriculture.” Pieciak promoted ESG policies like requiring publicly-traded firms to disclose their carbon impact and divesting state investments from positions in fossil fuel energy companies as part of his campaign.[15]
See also
| Vermont | State Executive Elections | News and Analysis |
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External links
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Candidate Vermont Treasurer |
Officeholder Vermont Treasurer |
Personal |
Footnotes
- ↑ 1.0 1.1 LinkedIn, "Mike Pieciak," accessed December 8, 2022
- ↑ University of Miami, “Mike Pieciak Is Campaign Manager For Vermont Attorney General,” May 28, 2012
- ↑ Mike Pieciak: Treasurer, “Meet Mike,” accessed March 26, 2023
- ↑ Brattleboro Reformer, “Northfield Mount Hermon Winter Honor Roll Announced,” April 13, 2002
- ↑ 2022 Ballotpedia Candidate Connection survey, accessed March 26, 2023
- ↑ Brattleboro Reformer, “Northfield Mount Hermon Winter Honor Roll Announced,” April 13, 2002
- ↑ 2022 Ballotpedia Candidate Connection survey, accessed March 26, 2023
- ↑ University of Miami, “Mike Pieciak Is Campaign Manager For Vermont Attorney General,” May 28, 2012
- ↑ 2022 Ballotpedia Candidate Connection survey, accessed March 26, 2023
- ↑ LinkedIn, "Mike Pieciak," accessed March 26, 2023
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Michael Pieciak’s campaign website, “Issues,” accessed September 15, 2022
- ↑ Office of the State Treasurer, “ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ISSUES REPORT,” October 31, 2019
- ↑ Office of the State Treasuer, “Environmental, Social, and Governance (ESG) Focus,” accessed March 26, 2023
- ↑ Mike Pieciak for Treasurer, “Issues,” accessed March 26, 2023
| Political offices | ||
|---|---|---|
| Preceded by Elizabeth Pearce (D) |
Vermont Treasurer 2023-Present |
Succeeded by - |
| Preceded by - |
Vermont Commissioner of Financial Regulation 2016-2022 |
Succeeded by Kevin Gaffney |
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State of Vermont Montpelier (capital) |
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