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I am honored to be your choice for Illinois State Treasurer, and I look forward to serving the people of Illinois.  As your chief investment officer, I will draw not just upon my professional financial experience, but also the talent and wisdom of business and community leaders, civic activists and every day people.  Working together, we can make wise investments that not only earn solid returns, but also grow our economy.  Together, we will create good paying jobs, stronger communities, and a more prosperous and sustainable future.

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Illinois Gets the Nation’s First Automatic Retirement Program

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Private employers have shifted quickly from opt-in to opt-out retirement programs, but Illinois is the first state to set up such a system for residents. I’m embarrassed to say I totally missed this, and had to find out via the New York Times’s Josh Barro, because it’s right in...
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Illinois Introduces Automatic Retirement Savings Program, a First for the Nation

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Illinois is taking a novel approach to getting its residents to save for retirement. Starting in 2017, most state residents with jobs who don’t already have a retirement plan at work will be automatically enrolled in individual retirement accounts, funded through a 3 percent...
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Why Illinois May Become a National Model for Retirement Saving

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In what may emerge as a standard for all states, Illinois is introducing a tax-advantaged retirement savings plan for most residents who do not have such a plan at work. The program echoes one that President Obama has endorsed at the federal level, and it boosts momentum that has...
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Treasurer Mike Frerichs (Video)

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There’s a movement afoot to consolidate the treasurer and comptroller’s offices. The Illinois treasurer is the chief investment officer. The treasurer pays the state’s bills. A merger would save the state $12 million a year. But the powerful speaker of the...
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