2018

$70 Million Total Investment Since 2015 SPRINGFIELD — Illinois Treasurer Michael Frerichs today announced a $10 million investment in Israel bonds. The investment matures in August 2021. Illinois now invests a total of $50 million in Israel Bonds. “We are committed to investing in Israel Bonds,” Frerichs said. “Israel Bonds continue to prove to be a reliable, strong investment with good returns for our portfolio.” Frerichs has visited Israel to see firsthand the projects funded via Israel Bonds. Frerichs has invested a total of $70 million since 2015. The bond…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today condemned Governor Bruce Rauner for playing political games with a new program that will provide 1.2 million private-sector workers with access to a retirement savings option at work. Governor Rauner issued an amendatory veto of House Bill 4923 on Tuesday in an effort to make it optional for employers to participate in the Illinois Secure Choice Program, regardless of whether their employees want to participate. Secure Choice, which was signed into law in 2014, requires that employers with at least 25 employees…

6 th Annual Contest Honors Youth and Agriculture SPRINGFIELD — Illinois State Treasurer Michael Frerichs today announced the winners of the 2018 Cream of the Crop Photo Contest. The annual contest encourages young photographers to share their vision of agriculture in our state. “Each year, this photography contest highlights the beauty of Illinois agriculture and the talent of children throughout this state,” Frerichs said. “Thank you to everyone who participated in the contest. It was fun to get a glimpse of local farms, animals, and the beautiful landscape of the…

SPRINGFIELD — “Instead of siding with Illinois consumers, Governor Bruce Rauner today chose to protect the big banks who admit to deceiving consumers to make money from dormancy or inactivity fees,” Frerichs said. “If a company promises a $100 rebate, then that’s the amount the consumer should receive. It’s disappointing that Governor Rauner disagrees.” “House Bill 4922 is common-sense legislation to make sure consumers get all the money that is owed to them, and I will work with the sponsors of both the House and Senate to override this veto.”…

SPRINGFIELD — A record-breaking $180 million in forgotten cash and stock was returned to individuals, employers and non-profits by the state treasurer’s office this past fiscal year, Illinois Treasurer Michael Frerichs said today. It is the largest amount in the program’s 57-year history. More than 116,000 claims were fulfilled with an average value of $1,552 during Fiscal Year 2018, which is July 1, 2017 to June 30, 2018. Approximately 58,000 claims were fulfilled in Fiscal Year 2017. The new Fast Track and EClaiming processes unveiled earlier this year made claiming…