charleston — West Virginia State Treasurer John Perdue announced Monday that he would seek an unprecedented seventh term as state treasurer.
First elected to the post in 1996, Perdue is West Virginia’s 24th state treasurer and has served in that position for over 22 years. Perdue made the announcement Monday on the state Capitol steps.
“When I was first elected, the treasurer’s office was fragmented, fragile and mismanaged,” said Perdue. “But we’ve worked hard to introduce innovative programs, re-establish financial integrity, and to obtain the best bond rating the treasurer’s office has ever received.”
Over the past 40 years, Perdue has worked for the Department of Agriculture, the governor’s office under the Caperton administration and the state treasurer’s office for over two decades.
Perdue is credited with establishing the highly successful SMART529 College Savings Program and for returning over $205 million in unclaimed property to the people of West Virginia. SMART529 currently has $2.5 billion in investments and is always rated as one of the top 529 plans in the country.
The treasurer recently established WVABLE, providing a tax-free savings program for disability-related expenses. WVABLE allows qualified individuals to save and invest without losing federal needs-based benefits. Another program established by Treasurer Perdue is the WV Retirement Plus 457 Program, which allows state employees to supplement their state retirement program.
“Over the past 40 years, I’ve never forgotten that being a public servant means that I work for the people of West Virginia,” he said.
Perdue is a 1972 graduate of West Virginia University and a native of Boone County. He and his wife Robin have two adult daughters.
For more information about the campaign, contact George Manahan at 304-546-6174.