The Treasurer may employ a staff in accordance with the State budget. While on the staff, an individual shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5–108 of this subtitle. The staff shall perform the duties that the Treasurer assigns. From among the employees on the staff, the Treasurer may designate 1 Chief Deputy Treasurer and 1 or more deputy treasurers. A designation as Chief Deputy Treasurer or as deputy treasurer may be terminated: by the Treasurer for any reason that the Treasurer considers sufficient; or if the Treasurer is ill or absent, by the other members of the Board of Public Works for any reason that the members consider sufficient. A termination of the designation as Chief Deputy Treasurer or as deputy treasurer is not, of itself, a termination of employment. The Treasurer, in consultation with the Secretary of Budget and Management, may set the pay scale of a position in the Office of the Treasurer that: is unique to the Office of the Treasurer; and requires specific skills or experience to perform the duties of the position. The Secretary of Budget and Management, in consultation with the Treasurer, shall determine the positions for which the Treasurer may set compensation under paragraph (1) of this subsection.