Illinois State Treasurer’s Office News Releases
AARP, State Treasurer Urge U.S. Senate to Protect Retirement Security for Illinois Workers
CHICAGO — After the U.S. House of Representatives recently fast -tracked a measure that aims to prevent states from creating their own workplace savings programs, AARP Illinois and State Treasurer Michael W. Frerichs today led a press conference urging the U.S. Senate to defeat the legislation and protect the ability of millions of employees to save for a secure retirement, including through Illinois’ very own Secure Choice Program. The Congressional Review Act, H.J. Resolutions 66 and 67 w ere passed by the U.S. House of Representatives, seeking to overturn a…
Illinois State Treasurer Michael Frerichs’
SPRINGFIELD — Illinois State Treasurer Michael Frerichs’ statement on the passing of former U.S. House Republican Leader Bob Michel: “Illinois has lost a true gentleman and leader. Bob’s demeanor and ability to listen created an era that refused to allow political gamesmanship to overwhelm common decency and respect. “He was a strong conservative who knew he did not have to shout to be heard. His service to our country, on the battlefield and in Congress, is a testament to servant leadership that benefited our entire country, not just his hometown…
State Treasurers, U.S. Senator Burr, and Advocacy Groups Join Forces to Raise Awareness for Investment Program to Benefit Children, Adults with a Disability or Blindness
13-State Alliance Will Offer ABLE Investment Accounts to Help Families Save for Better Future WASHINGTON, D.C. – Illinois Treasurer Michael Frerichs joined members of the National Achieving a Better Life Experience (ABLE) Alliance, U.S. Senator Richard Burr (R-NC), and advocates of people with disabilities in Washington, D.C. today to tout a new investment program for people with a disability or blindness that does not jeopardize their federal disability benefits. ABLE accounts are now available in multiple states across the country. The ABLE Alliance is led by Illinois and serves as…
Illinois State Treasurer Michael Frerichs’ Statement on Fitch Ratings’ Decision to Lower Credit Rating
SPRINGFIELD — Illinois State Treasurer Michael Frerichs today released the following statement after Fitch Ratings’ decision to lower Illinois’ credit rating. It is the sixth time an agency downgraded Illinois’ creditworthiness since 2015. “Our credit rating suffers because the leaders in the General Assembly and the Governor will not negotiate an honest budget,” Frerichs said. “This singular focus on non-budgetary items is silently ripping money out of the pockets of everyone who lives in this state.” “Borrowing costs money. Borrowing without a budget costs even more money. We know a…