2016

SPRINGFIELD — The state treasurer’s office returned a record-setting $155 million in forgotten cash and stock this past fiscal year, Illinois Treasurer Michael Frerichs said today. It is the largest amount in the program’s 55-year history. More than 53,000 claims were fulfilled despite the budget impasse because unclaimed property funds are not encumbered by the state’s general revenue spending. The state’s fiscal year is July 1 to June 30. “I meet many people who are surprised to see their names on our unclaimed property list,” Frerichs said. “Checking the list…

SPRINGFIELD — Our state faces many challenges. Today, we took a step toward addressing some of them. A stopgap budget is not ideal, but it’s a step in the right direction. We must continue to compromise and build upon this agreement so that our workers have opportunities, employers have confidence, and students have promising futures. Only by working together and finding common ground can we avoid hurting more people and create solutions that respect the diverse needs of our state. About the Illinois Treasurer The Illinois Treasurer is the state’s…

CHICAGO — Illinois Treasurer Michael Frerichs will join U.S. Labor Secretary Thomas Perez at the Center for Economic Progress (CEP) in the West Loop to discuss the impact of the new Department of Labor conflict of interest rule. The rule requires investment advisors to be more transparent in the investment advice provided to clients. A media availability will be held on Thursday, June 30 at the Center for Economic Progress at 567 W. Lake St. #1150 in Chicago, IL. WHO: Michael Frerichs, Illinois Treasurer Thomas Perez, U.S. Secretary of Labor…

SPRINGFIELD — The last day to submit photos for Illinois State Treasurer Michael Frerichs’ Cream of the Crop Photo Contest is July 7. The contest encourages young photographers to share their vision of agriculture in our state. “Growing up in the small farming community of Gifford, Illinois, I take pride in our state’s rich agriculture,” Frerichs said. “I know the beauty and strength that can be found on our farms, and I look forward to seeing it through the eyes of our children.” The contest is open to Illinois students,…

“Keeping beneficiaries from the life insurance claims they are due is shameful and is harmful to the well-being of Illinois’ families in distress,” said Ryan Gruenenfelder, Manager for Advocacy and Outreach with AARP Illinois. “House Bill 4633 addresses this shameful problem. We commend Treasurer Frerichs for bringing it forth and passing it through the General Assembly, and we strongly urge Governor Rauner to sign it into law.” The Death Master File, or DMF, is used by the Social Security Administration and other government agencies to fight waste, fraud, and abuse.…