Illinois State Treasurer’s Office News Releases
State Treasurer Michael Frerichs Launches “Illinois’ Greatest Returns” Series to Highlight Unique and Valuable Items Returned by the Illinois Unclaimed Property Program
SPRINGFIELD — Lost bank accounts, insurance policy proceeds, unused rebate cards, vintage coins, military medals, and special keepsakes are among the cash and property that have been reunited with Illinois residents during the past five decades, Illinois State Treasurer Michael Frerichs said today. “Connecting people with their lost cash and keepsakes is one of the most fulfilling parts of my job,” Frerichs said. “Some of our greatest returns are unclaimed cash to put a new roof on someone’s home, jewelry from a grandparent that had put it away in a…
State Treasurer Michael Frerichs Champions Retirement Savings Improvements
SPRINGFIELD — A proposal to expand coverage of the Illinois Secure Choice Retirement Savings Program (Secure Choice) to businesses with at least five employees goes to the Governor for his consideration after receiving bipartisan support in the General Assembly. Lowering the existing threshold to five employees from 25 in the Secure Choice Savings Program Act was the top priority in this year’s legislative agenda for Illinois State Treasurer Michael Frerichs. “This commonsense change to existing law helps workers save their own money for their retirement while reducing future pressures on…
State Treasurer Michael Frerichs Reminds Military Families of More Than 100 Medals Waiting to be Claimed
SPRINGFIELD — Illinois State Treasurer Michael Frerichs today reminded military families that the treasurer’s office holds more than 100 military medals and ribbons that were surrendered as unclaimed property. The medals, typically forgotten inside a bank safe deposit box or abandoned at a storage facility, were surrendered to the state treasurer’s office after there had been no contact with their owners for at least five years. “Memorial Day is a time to honor the sacrifices of our military members and their families,” Frerichs said. “These medals are a daily reminder…