Illinois State Treasurer Michael Frerichs today released the following statement after the U.S. Senate’s vote to pass House Joint Resolution 66. The passage of the resolution weakens protections for employers who choose to offer Illinois’ Secure Choice retirement savings plan to their workers. Frerichs championed... Read More.
A shift in investment strategy that embraced longer-term investments and higher yields allowed the state to more than double its investment income to $26 million in the first quarter of this year, Illinois State Treasurer Michael Frerichs said today. The shift is possible after an... Read More.
Private companies that service college loans will profit at the expense of students because the Trump administration killed commonsense changes to reduce the default rate among college borrowers, Illinois State Treasurer Michael Frerichs said today. “Let’s be clear about what President Trump’s changes mean. These... Read More.
Illinois Treasurer Michael Frerichs today announced a partnership with Econ Illinois to help improve financial literacy among Illinois students. The announcement was made during Money Smart Week at the Federal Reserve Bank in Chicago. “We are excited to partner with Econ Illinois to promote Illinois’... Read More.
Legislation requiring life insurance companies to look back to 1996 to identify policy holders who have died and the benefits have not been claimed or paid to their loved ones passed the Illinois House today, Illinois Treasurer Michael Frerichs said. The Illinois House passed the... Read More.
A statewide newsprint advertising push began this week to reunite Illinois residents with approximately $2.8 billion in unclaimed property, Illinois Treasurer Michael Frerichs said today. Frerichs drew attention to the advertising blitz to reassure residents that the unclaimed property effort is legitimate. The treasurer’s office... Read More.
Collectible coins, paper money, watches and camera equipment are among the nearly 500 items worth approximately $32,000 to be auctioned online March 27-31. “For most people, it is difficult to believe that they might have overlooked an investment account or forgot an item in a... Read More.
More women and minorities need to serve on corporate boards, Illinois State Treasurer Michael Frerichs said today. Frerichs will use his role as Illinois’ chief investment officer to encourage greater boardroom diversity. A corporate board without women and minorities typically does not reflect its employees... Read More.
President Donald Trump’s administration needs to plainly say if it intends to crack down on the medical marijuana industry in Illinois, State Treasurer Michael Frerichs said today. The administration’s comment of “greater enforcement” of laws that could close banks that have a relationship with the... Read More.
Illinois State Treasurer Michael Frerichs today announced a groundbreaking partnership that brings together 14 states to encourage individuals to invest money on behalf of people with a disability or blindness without jeopardizing their federal disability benefits. Illinois leads the National Achieving a Better Life Experience... Read More.