Illinois State Treasurer’s Office News Releases

CHICAGO — Illinois State Treasurer Michael Frerichs today announced that Illinois’ 529 College Savings plans, Bright Start and Bright Directions, earned top rankings from Morningstar, placing both plans among the best in the nation. Bright Start was one of only four 529 plans in the country to earn a Gold rating. “Since I took office, I’ve made it a priority to create college savings programs that Illinois can trust,” Frerichs said. “We are proud of these rankings and the progress we have made to improve our 529 plans and ensure…

Opening a new front at Facebook, Illinois State Treasurer Michael Frerichs, Rhode Island State Treasurer Seth Magaziner, Pennsylvania Treasurer Joe Torsella, and New York City Comptroller Scott Stringer today co-filed a shareholder proposal asking the Facebook board of directors to make the role of Board Chair an independent position. Doing so is best governance practice that will be in the interest of shareholders, employees, users, and our democracy. The shareholder proposal, led by Trillium Asset Management in June, focuses on Facebook missing, or mishandling, a number of severe controversies including:…