2023

National Unclaimed Property Day is February 1 SPRINGFIELD — People checking for unclaimed property on the ICash website can now ask questions of a chatbot named Abe, and they can alert friends or relatives who do not know they have unclaimed property, Illinois State Treasurer Michael Frerichs announced today. Ahead of National Unclaimed Property Day on Feb. 1, Frerichs is highlighting the two recent ICash website improvements, which make it simpler than ever for people to discover and collect unclaimed property. The National Association of Unclaimed Property Administrators launched the…

$978.8 Million Earned for Cities, Schools through Illinois Funds SPRINGFIELD — The Illinois State Treasurer’s Office made $1.33 billion in investment earnings from the state investment portfolio during 2023, Illinois State Treasurer Michael Frerichs announced today. Another $978.8 million in gross investment earnings was earned for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool operated by the State Treasurer’s Office. “Every dollar we make through smart investing is a dollar that does not need to…

Employers Encouraged to Leverage Public-Private Partnership SPRINGFIELD — Workers who participate in the Illinois Secure Choice retirement savings program have set aside more than $100 million of their own money for their retirement, Illinois State Treasurer Michael Frerichs said today. The threshold signals a growing recognition that workers understand Social Security alone will not provide enough income after their working days are over and reflects data that shows workers are more likely to save for retirement if they can do so through workplace payroll deductions. “Secure Choice helps workers in…