Illinois State Treasurer’s Office News Releases

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Illinois Among Founding Partners of New Consortium to Expand Participation in 529 Education Savings Plans

State Treasurer Michael Frerichs Proposed the Idea While Serving as President of the National Association of State Treasurers The University of Chicago Becker Friedman Institute for Economics (BFI) and Stanford University Initiative for Financial Decision-Making (IFDM) are partnering with the National Association of State Treasurers through its education savings network, The 529 Network, with support from the National Endowment for Financial Education, to launch a new consortium dedicated to advancing research on public understanding of 529 education savings plans and…

Read MoreIllinois Among Founding Partners of New Consortium to Expand Participation in 529 Education Savings Plans
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Illinois Treasurer Michael Frerichs Announces New Grants to Address Hunger After Federal Cuts

Applications Accepted Through July 31 Illinois State Treasurer Michael Frerichs today announced a new grant program to help volunteer groups battling hunger and food insecurity in the wake of federal government cuts to critical food programs. Charitable Trust Hunger Relief Grants provide up to $5,000 to volunteer-driven food pantries, soup kitchens, and similar nonprofit organizations with no full-time employees. Frerichs launched the grant program after the Trump administration cut funding for the Supplemental Nutritional Assistance Program (SNAP) and a program…

Read MoreIllinois Treasurer Michael Frerichs Announces New Grants to Address Hunger After Federal Cuts
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Treasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities

Bipartisan support in both chambers and thoughtful input from the Governor’s Office helped make this legislation possible SPRINGFIELD – Illinois State Treasurer Michael Frerichs thanked members of the General Assembly today for passing Senate Bill 2968 and expressed gratitude to Governor JB Pritzker’s office for its collaboration in advancing legislation that expands investment opportunities for non-profit organizations across Illinois. The legislation creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of…

Read MoreTreasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities
Child holding a blue piggy bank. In the background are logos for Bright Start 529 and Bright Directions 529

In Observance of National 529 Day, Illinois Treasurer Michael Frerichs Encourages Families to Save for Higher Education Costs

Saving Even a Little Today Can Help a Child Avoid Years of Student Debt Tomorrow SPRINGFIELD – Illinois State Treasurer Michael Frerichs is recognizing 529 Day today, May 29, by encouraging families to save for future education through Illinois’ highly rated Bright Start 529 or Bright Directions 529 college savings plans. Frerichs also announced new enhancements to the advisor-guided Bright Directions 529 plan. “While ‘529 Day’ is tied to the calendar date of May 29, the observance highlights the importance…

Read MoreIn Observance of National 529 Day, Illinois Treasurer Michael Frerichs Encourages Families to Save for Higher Education Costs
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Illinois Treasurer Michael Frerichs Honors Asian American Pacific Islander Heritage Month Awardees

U of I Basketball Standout, Chicago Sinfonietta Music Director, World Business Chicago Exec, School Principal Among Those Recognized for Their Contributions Video will be posted here: Illinois State Treasurer Michael Frerichs today hosted a celebration to highlight the achievements of community leaders during Asian American Pacific Islander Heritage Month. The event, which was held at the state government building at 555 W. Monroe St., honored eight people for their contributions to their communities: a CEO, a strategy and innovation…

Read MoreIllinois Treasurer Michael Frerichs Honors Asian American Pacific Islander Heritage Month Awardees
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Illinois Treasurer Michael Frerichs Relaunches State Retirement Program for Small Businesses with Lower Fees and New Name

Savers and Employers Encouraged to Claim Accounts in New Online Portal After June 15 VIDEO WILL BE POSTED AT THE DEPARTMENT OF CENTRAL MANAGEMENT SERVICES WEBSITE HERE SPANISH-LANGUAGE PRESS RELEASE AVAILABLE ON THE TREASURER’S WEBSITE HERE CHICAGO, IL — Illinois State Treasurer Michael Frerichs today announced lower fees and technology improvements for employers and savers of the Illinois Secure Choice Savings Program, which will take effect in June 2026. “A decade ago, too many Illinois workers didn’t have an easy…

Read MoreIllinois Treasurer Michael Frerichs Relaunches State Retirement Program for Small Businesses with Lower Fees and New Name
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El Tesorero de Illinois, Michael Frerichs, relanza el programa estatal de ahorro para la jubilación dirigido a pequeñas empresas con costos más bajos y un nuevo nombre

Se insta a los ahorradores y empleadores a reclamar sus cuentas en el nuevo portal en línea a partir del 15 de junio CHICAGO, IL — El Tesorero del Estado de Illinois, Michael Frerichs, anunció hoy una reducción en los costos y mejoras tecnológicas para los empleadores y ahorradores del Illinois Secure Choice Savings Program, que entrarán en vigencia en junio de 2026. “Hace una década, demasiados trabajadores en Illinois no tenían acceso a una forma sencilla de ahorrar para…

Read MoreEl Tesorero de Illinois, Michael Frerichs, relanza el programa estatal de ahorro para la jubilación dirigido a pequeñas empresas con costos más bajos y un nuevo nombre
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Ryne Sandberg, Ken Griffey Jr. and Nolan Ryan Baseball Cards, Gold Ingot, and More Available at Treasurer Frerichs’ Online Auction

Looking for Precious Metals or a One-of-a-Kind Gift? Check Out the Online Auction April 24-May 3 Auction catalog available here. Collectible baseball cards of Hall of Famers Ryne Sandberg, Nolan Ryan and Ken Griffey Jr., a gold ingot, and an 1868 French coin bearing the image of Napoleon III are just a few of the notable items available at the online ICash auction April 24-May 3. “Our online auction offers something unique and memorable for everyone,” said Illinois State Treasurer…

Read MoreRyne Sandberg, Ken Griffey Jr. and Nolan Ryan Baseball Cards, Gold Ingot, and More Available at Treasurer Frerichs’ Online Auction
Treasurer Frerichs presents an oversized check made out to St. Jude Children's Hospital. The second man is Illinois Senator Robert Martwick.

Illinois Treasurer Frerichs Eclipses $2.5 Billion in Money Returned to Residents, Businesses, Nonprofits

Record-Setting I-Cash Returns Include $440,000 a Late Bolingbrook Couple Left to St. Jude Children’s Hospital Key points: VIDEO WILL BE POSTED HERE: Illinois Treasurer Michael Frerichs today announced he has returned over $2.5 billion in missing money on his watch, breaking all records in an I-Cash program that has been around since the 1960s. More than 2.5 million people, nonprofits, and businesses have been reunited with their missing money since Frerichs took office in 2015. Frerichs modernized I-Cash, allowing…

Read MoreIllinois Treasurer Frerichs Eclipses $2.5 Billion in Money Returned to Residents, Businesses, Nonprofits
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Naperville Central, Neuqua Valley High Schools Take Top Spots in Statewide Financial Literacy Contest, Win Bright Start College Savings Scholarships

Treasurer Michael Frerichs Hosts 2026 Illinois Personal Finance Challenge Key Points: VIDEO is available here: video available here: A team of four students from Naperville Central High School will compete in the National Personal Finance Challenge in Atlanta, Georgia, on May 31-June 1 after winning a statewide financial literacy contest sponsored by Illinois Treasurer Michael Frerichs. Naperville Central students Harsh Patel, Krish Patel, Taran Nathan and Rohan Jain outscored nine other teams in the finals of the Illinois…

Read MoreNaperville Central, Neuqua Valley High Schools Take Top Spots in Statewide Financial Literacy Contest, Win Bright Start College Savings Scholarships