Illinois State Treasurer’s Office News Releases
Illinois Secure Choice Retirement Plan Succeeds in Fighting Nationwide Retirement Crisis
Bi-Partisan Plan Should Reduce Taxes Needed for Safety Net Programs CHICAGO – A state-administered program designed to combat the retirement savings crisis threatening America boasts more than 32,000 new workers setting aside $8.5 million in retirement savings during its first year of operation, Illinois State Treasurer Michael Frerichs said today. The Illinois Secure Choice program specifically courts employment fields that typically do not offer a retirement savings vehicle for various reasons, including the employer cost to establish and operate a retirement program, federal regulations of such plans, and employee turnover.…
Treasurer Frerichs Encourages Residents to Claim the Cash and Property That Belongs to Them
SPRINGFIELD — A statewide advertising and direct mail push began this week to reunite Illinois residents with more than $3 billion in unclaimed property, Illinois Treasurer Michael Frerichs said today. Frerichs drew attention to this advertising and mail blitz to reassure residents that this is legitimate and not a scam. “We hope our advertising and direct mail efforts encourage residents to claim their cash and property,” Frerichs said. “We are continuously trying new ways to spread the word about unclaimed property and make the claims process easier and faster.” This…