Illinois State Treasurer’s Office News Releases

CHICAGO — Illinois Treasurer Michael Frerichs announced today that Illinois’ Bright Directions College Savings Program was named among the best in the nation, according to Morningstar. Morningstar, which evaluates and rates college savings plans, released its results Tuesday rating Bright Directions a “Silver-Rated Fund”. According to Morningstar, Bright Directions is one of the two highest rated advisor-sold plans in the country. “We are always looking for ways to improve our investment products to help make saving for college more affordable for Illinois families,” Treasurer Frerichs said. “We are grateful that…

CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration at the James R. Thompson Center in Chicago to commemorate LGBT History Month. The event was an opportunity to reflect on the challenges and achievements in the lesbian, gay, bisexual, and transgender community. October is LGBT History Month. “Today, we stand together proudly and celebrate our LGBT neighbors and community,” Frerichs said. “We must work every day to secure the dignity that is deserving of every human being.” Victor Salvo, Founder and Executive Director of The Legacy Project, served…

CHICAGO — The state of Illinois could have earned $5.5 million more in investment income in the third quarter of 2016 as a result of the year-long budget impasse, Illinois Treasurer Michael Frerichs said today. “Our goal is to maximize every investment opportunity to get the best return for the state, but planning is difficult without a full-year budget in place,” Frerichs said. “When the Governor and General Assembly reconvene next month, I am hopeful they will find compromise and focus on passing a full-year, balanced budget to minimize further…