IVAC Business Breakfast Seminar - "Illinois State Treasurer Michael Frerichs"Name: IVAC Business Breakfast Seminar - "Illinois State Treasurer Michael Frerichs"Date: January 10, 2018Time: 7:15 AM - 8:30 AM CSTRegistration: Register NowEvent Description:The Illinois Valley Area Chamber of Commerce and Economic Development (IVAC) will hold their Business Breakfast Seminar on Wednesday, January 10th @ 7:15 a.m. at Mario’s Maples in Peru. The focus of the seminar will be an informational session from Illinois State Treasurer Michael Frerichs, with an update on activities and programs within the Treasurers' office.
Speaker: Illinois State Treasurer, Michael Frerichs
Michael Frerichs was elected Illinois State Treasurer in November 2014. In Illinois, the Treasurer’s office predates the state’s incorporation in 1818. Voters in 1848 chose to make it an elected office. Frerichs is the 74th person to serve in this role.
In Illinois, the Treasurer is the state’s Chief Investment Officer and Frerichs is a Certified Public Finance Officer. The office invests money on behalf of the state and local units of government. Mike also believes in providing individuals with the tools so that they can invest in themselves.
He does this by encouraging savings plans for college and trade school, increasing financial education among all ages, removing barriers to a secure retirement, and protecting residents from predatory companies.
The Treasurer’s Office actively manages approximately $25 billion. The investment approach is cautious to ensure the preservation of principal. The investment returns are significant: For every $1 spent to run the office, Mike nets $28 for the state’s residents.