2015

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Winners on “Ag Day” at the Illinois State Fair

SPRINGFIELD — Illinois State Treasurer Michael Frerichs will congratulate winners of the 2015 Cream of the Crop Photo Contest on Tuesday, August 18, at a reception in the Illinois Department of Agriculture tent at the Illinois State Fair. “Congratulations to the ‘Cream of the Crop’ photo contest winners for capturing the beauty of our great state through the lens of the camera,” Frerichs said. “Growing up in the small farming community of Gifford, Illinois, I take pride in our state’s rich agriculture and look forward to acknowledging the great work…

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Treasurer Frerichs Hosts State Treasurers to Discuss Implementation of ABLE Act

CHICAGO — Illinois Treasurer Michael Frerichs today welcomed state treasurers from across the nation and discussed working together to implement a program that helps families save money to cover expenses for people with disabilities. The Achieving a Better Life Experience Act (ABLE Act) increases the amount of money that can be saved and spent each year without jeopardizing federal assistance or incurring certain taxes. The ABLE Act assists families facing challenges such as Autism, Down Syndrome, Blindness, or someone who has suffered a debilitating injury before the age of 26.…

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Treasurer Frerichs’ Letter to U.S. Secretary of Labor Thomas Perez

Secretary Thomas E. Perez Department of Labor Frances Perkins Building 200 Constitution Ave. NW Washington, DC 20210 July 24, 2015 Secretary Perez, I am writing to thank you for the leadership role you have taken in advocating for the formulation of regulations pertaining to state-based retirement savings initiatives. I was extremely encouraged by your comments at the White House Conference on Aging. As you are aware, the Illinois Treasurer’s Office is preparing to implement a new state-run retirement savings program called Secure Choice. Secure Choice will enroll all workers into…

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Treasurer Frerichs Partners with Credit Unions to Help People During Budget Impasse

CHICAGO — Interest-free loans will be available to state workers if the budget impasse means payroll checks will not be issued beginning July 15, Illinois Treasurer Michael Frerichs said today. The loans will be issued through participating credit unions with money made available through the Treasurer’s Office linked-deposit program. Linked deposits provide financial institutions money for specific loan programs. “The Treasurer’s Office uses tools to help our residents achieve more, such as saving for college, investing in a business, or planning for retirement,” Frerichs said. “This linked-deposit program is a…

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