What happens to my retirement dollars if I’m not around to collect them? Many have wondered this – and many have never gotten a clear answer, leaving their funds in limbo upon their passing. In fact, the Advisory Council on Employee Welfare and Pension Benefit Plans (ERISA Advisory Council) estimates that about $100 million becomes unclaimed retirement monies every year. … Read More
Economics 101: Harris v. Trump
Are you better or worse off than you were four years ago? I have some strong feelings about that question as a citizen and a voter. But as your Treasurer, I wanted to simply share my views from the perspective of a state financial officer. Certainly, there is little that Vice President Kamala Harris and former President Donald Trump agree … Read More
Budget Wins
I’m a born and raised Mississippian. Mississippi is where I met my wife and where we decided to raise our three wonderful children. I’m proud to share roots with people who are dedicated workers, people who uphold their family values, and people who are true patriots. Over the past four and half years, my team and I have worked hard … Read More
Finding the Right Career
We started this summer with a series that aimed to educate young people (and their families) about good money management. Today, I wanted to bring you one final piece for the series – a piece that is at the center of our spending, budgeting, and saving discussions: Finding the right career. As State Treasurer, I spend a lot of time … Read More
$100 MILLION Returned to Mississippians
Rarely is an elected official in the business of giving money back to citizens, but in just over four years, our team has returned $100 million to Mississippians through our unclaimed money program. For those who aren’t familiar, unclaimed money is an asset you or your family have lost track of at some point. It could be an energy bill … Read More
Running from ESG
As a conservative, I’m a capitalist. In other words, I don’t believe the government should tell private businesses what to do. That’s why much of my approach to the Environmental, Social and Governance (ESG) movement hasn’t been a big-government mandate on private businesses. Instead, I’ve been upfront that Mississippi will only invest in the most profitable, safe, and beneficial funds … Read More
Putting Americans First
This July, at a campaign rally in Pennsylvania, a young man attempted to assassinate President Donald J. Trump. Photos show the bullet whizzing by, tearing through his ear, coming within an inch of his skull, and carrying the potential to change history. It was a horrific day for America. This kind of political violence has no place in our democracy. … Read More
McRae Earns State $375 Million in Interest Income
JACKSON, Miss. — State Treasurer David McRae today announced that Mississippi earned nearly $375 million in interest during FY2024. As State Treasurer, McRae is responsible for managing the state’s cash flow, including Mississippi’s investment portfolio. This is one of Mississippi’s largest interest earnings on record. “If Mississippians take one thing from today’s announcement, I hope it is this: When you … Read More
An Unprecedented Supreme Court Decision
Two years ago, Mississippi was at the center of one of the Supreme Court’s most consequential decisions: Dobbs v. Jackson Women’s Health Organization, a landmark case that ultimately overturned Roe v. Wade. It was hard to miss the coverage, which is ongoing even today. But there’s another Supreme Court case that was recently handed down that didn’t get as much … Read More
McRae Applauds Reeves, State Legislature for Support of Israel
JACKSON, Miss. — State Treasurer David McRae this week joined Governor Tate Reeves and key lawmakers during a bill signing for SB2226, the Israel Support Act. This legislation permanently extends Mississippi’s 2017 anti-Boycott, Divestment, and Sanctions (BDS) provisions and increases the allowance for Israel Bonds from $20 million to $50 million. “I am incredibly proud to join Governor Tate Reeves … Read More