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Illinois Treasurer

(Vote for 1)In Illinois, the Treasurer is the state’s Chief Investment and Banking Officer. The office invests money on behalf of the state and local units of government. [Source: https://www.illinoistreasurer.gov/Office_of_the_Treasurer/Treasurer_Frerichs]Salary: $135,669 [Source: https://ballotpedia.org/Illinois_state_government_salary]

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  • Candidate picture

    Tom Demmer
    (Rep)

  • Candidate picture

    Michael W. Frerichs
    (Dem)

Información Biográfica

What qualifications do you bring to the office?

What is a major challenge facing your constituents and how will you address it?

What are the major goals you hope to achieve should you be elected to office?

Campaign Mailing Address 142 Fieldstone Ln
Dixon, IL 61021
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Campaign Twitter Handle @@MikeforIllinois
Campaign Phone (312)870-0841
Under my tenure, the Illinois Treasurer's Office has earned more than $1 billion for taxpayers and been awarded the top AAA rating for the Illinois Funds investment pool.

As the state's Chief Investment Officer, I do more than make wise investments and protect taxpayer dollars; my office provides tools to help people invest in themselves. During my tenure, I have returned more than $1.4 billion back to Illinoisans through the I-Cash program, more than any other Treasurer in history. I have expanded access to higher education by improving the Bright Start College Savings Program to the top-rated program in the country, earning independent analyst Morningstar's Gold rating five years in a row. I have expanded tools like the Secure Choice program, which is helping over 100,000 workers save their own money to retire with dignity, and the ABLE program, which is helping families plan for loved ones with disabilities.
America is facing a retirement savings crisis. AARP notes that nearly half of all working-age families have nothing saved for retirement. As State Treasurer we launched Secure Choice, an innovative retirement savings program for private-sector workers in Illinois who do not have access to a retirement plan at work. Workers save their own money and their IRA travels from job to job. Today over 100,000 Illinois workers have saved over $85 million for their retirement.

The College Savings program I inherited in 2015 had among the lowest ratings in the nation. As State Treasurer, we changed providers, cut management fees by nearly 50%, and provided more investment options. Families have saved over $100 million in fees since 2015, and independent analyst Morningstar improved their rating for the Bright Start college savings program from among the worst to tied for first in the nation. Bright Start has received the top Gold rating for five consecutive years.
I intend to build upon our successes during my tenure such as:

* Earned more than $1 billion for taxpayers and been awarded the top AAA rating for the Illinois Funds investment pool. A dollar earned by the State Treasurer is a dollar that does not have to be raised in taxes or cut from essential services in your community.

* Launched the Secure Choice program, an innovative retirement savings program for private-sector workers who do not have access to an employer-sponsored retirement plan. Workers save their own money and their IRA travels with them from job-to-job. Today over 100,000 Illinois workers have saved over $85 million.

* Made sweeping reforms to the Bright Start and Bright Directions college savings plans, cutting fees by 50% which saved families over $100 million since 2015 and earned Morningstar’s highest ratings.

* Reformed the I-Cash program by changing laws and systems to make it easier to claim your money. We have returned a record $1.4 billion and paid out over 1