[2] Institutionally speaking, the treasurer is thus independent of both the governor and General Court for the purpose of performing their official duties.

These constitutional protections notwithstanding, the treasurer may still be impeached for misconduct or maladministration by the House of Representatives and, if found guilty, removed from office by the Senate.

[b] If, however, the vacancy occurs while the General Court is not in session, then responsibility for appointing a successor falls to the governor.

[13][14][15] Likewise, the state treasurer administers deferred compensation plans to public and nonprofit employees along with bonuses to veterans, servicemembers, and military families domiciled in Massachusetts.

[18][19][20][21] These independent agencies are governed by multimember boards attached to the Office of the Treasurer and Receiver-General for administrative purposes.