Illinois State Treasurer’s Office News Releases
Frerichs Celebrates National ABLE Savings Day
Illinois State Treasurer Michael Frerichs is celebrating the first-ever National ABLE Savings Day. The Treasurer’s Office’s Illinois ABLE program helps people with disabilities achieve greater financial independence through investment accounts. ABLE is short for Achieving a Better Life Experience, and a decade ago Congress passed a law allowing states to create programs to help individuals with disabilities save and invest their money to pay expenses that help to improve their health, independence, or quality of life, without risking their public benefits. “ABLE is a game changer. For decades, people with…
Illinois State Treasurer Michael Frerichs Returns Record $301 Million to Residents In Fiscal Year 2024
Illinois State Treasurer Michael Frerichs returned a record $301 million to 321,558 Illinois residents through the state’s missing money program during Fiscal Year 2024. “Putting money back in people’s pockets helps families and our state’s economy,” Frerichs said. “This money belongs with its rightful owners, and we have added tools to return more of it.” Illinois’ missing money program — also known as I-CASH — is one of the state’s oldest consumer protection initiatives. The Illinois State Treasurer is tasked with safeguarding and returning unclaimed propert y, including the contents…
