Illinois State Treasurer’s Office News Releases

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Illinois State Treasurer Michael Frerichs Lowers Fees on IL ABLE Accounts

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today announced reduced fees for account owners in a program that allows people with disabilities to save their own money for disability-related expenses. Annual account maintenance fees were lowered approximately 25 percent for Illinois Achieving a Better Life Experience (IL ABLE) account owners who receive their statements electronically. Additionally, program management fees were reduced an average of 6 percent. The lower fees are the result of a new contract between the Office of the Illinois State Treasurer and Ascensus College Savings, the program…

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Illinois Treasurer Michael Frerichs Honored With College Savings Distinguished Service Award

SPRINGFIELD — A national organization of college savings plans today recognized Illinois State Treasurer Michael Frerichs with its highest honor. The College Savings Plans Network (CSPN), the national network of 529 plans, states, and private-sector partners, honored Frerichs with the Distinguished Service Award. The award is the highest honor bestowed by CSPN and is given each year to those who have shown national leadership in the college savings industry. Past award winners include U.S. senators from both parties such as Florida Sen. Bob Graham and Iowa Sen. Chuck Grassley; state…

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Treasurer Frerichs Honors Hispanic Leaders And Celebrates Hispanic Heritage Month

CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration to commemorate Hispanic Heritage Month at the new state government building at 555 W. Monroe St. The event was an opportunity to reflect on the great achievements of Hispanics and present awards to leaders in the community, including an ultramarathon runner, a popular late legislative staff member and a human rights chair. “Today, let us take a moment to recognize the contributions of our Hispanic and Latino neighbors,” Frerichs said. “Let’s celebrate their dedication to making our communities a…

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