Illinois State Treasurer’s Office Sets Record For Money Returned
Illinois State Treasurer Michael Frerichs said his office has distributed a record $200 million in unclaimed cash to Illinois residents in the last 10 months.
Illinois State Treasurer Michael Frerichs said his office has distributed a record $200 million in unclaimed cash to Illinois residents in the last 10 months.
One million dollars --- that’s how much the Illinois treasurer’s office says about 9,000 private-sector employees have set aside so far, through Illinois’ new Secure Choice auto-enroll workplace retirement program.
Voters this fall are choosing who will occupy the state’s two financial offices: treasurer and comptroller. Even during campaigns, these positions rarely get much attention. In fact, their very existence usually comes into question in proposals to merge the offices into one. Years ago, one person was in charge.
Beginning in 2018, insurance companies must become more diligent in notifying beneficiaries of life insurance policies.
We continue our conversation with Illinois treasurer Michael Frerichs. Today we focus on the budget impasse and other issues facing the state of Illinois. The Champaign Democrat says that right now both sides need to do more listening.