Mike Frerichs
74th Treasurer of Illinois
Assumed office
January 12, 2015
GovernorBruce Rauner
J. B. Pritzker
Preceded byDan Rutherford
Member of the Illinois Senate
from the 52nd district
In office
January 2007 – January 12, 2015
Preceded byRick Winkel
Succeeded byScott Bennett
Auditor of Champaign County
In office
2002–2007
Preceded byGerrie Parr
Succeeded byTony Fabri
Personal details
Born (1973-07-28) July 28, 1973
Gifford, Illinois, U.S.
Political partyDemocratic
Spouses
Erica Baker
​
(m. 2022)​
    Laura Appenzeller
    ​
    ​
    (m. 2003; div. 2013)​
    Children3
    EducationYale University (BA)
    WebsiteGovernment website

    Michael W. Frerichs (/ˈfrɛrɪks/; born July 28, 1973) is an American politician serving his third term as the State Treasurer of Illinois, after taking office on January 12, 2015. Before being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District from 2007 until 2015. The district, located in Champaign and Vermilion counties, includes all or parts of Champaign, Danville, Georgetown, Gifford, Rantoul, Thomasboro, and Urbana.[1]

    Early life and career

    Frerichs was born and raised in Gifford. Upon graduating from Rantoul Township High School, Frerichs attended Yale University and received his BA in 1995. He then attended National Cheng Kung University in Taiwan where he studied Mandarin Chinese while teaching English courses.[2] He returned to Champaign County and launched his own technology business and served on his local volunteer fire department.[3]

    Champaign County official

    In 1998, Frerichs ran against then-State Representative Tim Johnson but lost.[4] In 2000, Frerichs was elected to the Champaign County Board and re-elected in 2002.[5][6]

    Later that year, Frerichs was appointed to succeed Gerrie Parr as the Champaign County Auditor by his fellow board members.[7] As Auditor, he was responsible for preparing budget reports, maintaining financial records, ensuring the county met state and federal financial reporting requirements, preventing fraud, and improving the financial health of the county.[8] At the time, he was the only County Auditor in the state to become a Certified Public Finance Officer.[9][2] Two years later, he was elected to the position.[10]

    Illinois State Senator

    In 2005, Frerichs announced he would run for the 52nd Senate District seat – which includes most of Champaign County and Vermilion County – to fill the vacancy caused by Rick Winkel's retirement. In what became the most expensive State Senate race of 2006, Frerichs was elected over former Senator Judith Myers by a margin of approximately 500 votes. He was the first Democratic State Senator to represent East Central Illinois since 1936.

    Frerichs served as Chairman of the Illinois Senate's Committee on Higher Education, where he championed efforts to make college more affordable, and the Agriculture & Conservation and Enterprise Zone Extensions Committees. He also served on the Financial Institutions, Licensed Activities and Pensions, Public Pensions & State Investments, and the Agriculture & Conservation committees.

    During his time in the Senate, Frerichs led efforts to eliminate the legislative scholarship program and advocated for the disclosure of chemicals used in fracking. After Governor Rod Blagojevich was removed from office for corruption, Frerichs moved to have the former governor barred from ever holding office again in Illinois. This motion was carried unanimously.

    Treasurer of Illinois

    2014 election

    Frerichs announced his intention to run for the vacated office of Illinois Treasurer in early January 2014, after incumbent Republican Treasurer Dan Rutherford had announced his intention to run for Governor of Illinois. Frerichs ran uncontested in the Democratic Party primary and faced Republican Illinois State Representative and former Illinois State House Minority Leader Tom Cross in the General Election on November 4.[11]

    For more than two weeks after election day, the election was too close to call. Frerichs was declared the winner, defeating Cross 48.1% to 47.8%.[12] The election was one of the closest in Illinois state history, being decided by only 9,225 votes out of more than 3.5 million ballots cast.[13][14]

    2018 election

    Frerichs sought reelection as State Treasurer in the 2018 election. He ran unopposed in the Democratic Party primary and faced Orland Park Village Trustee Jim Dodge, the Republican candidate, and financial analyst Mike Leheney, the Libertarian candidate, in the November 6, 2018, general election. Frerichs won with over 57.6% of the vote.[15]

    2022 election

    Frerichs was unopposed for State Treasurer in the 2022 primary election. In the November 8, 2022 general election, he faced Republican State Rep. Tom Demmer and Libertarian candidate Preston Nelson. Frerichs won with 54.3% of the vote.[16]

    Tenure

    Frerichs was first inaugurated on January 12, 2015. He was inaugurated for his second term on January 14, 2019.[17][18] He was inaugurated for his third term on January 9, 2023.[19] He is currently serving as the 74th Treasurer of Illinois. He also serves as a Trustee and vice-chair of the Illinois State Board of Investment (ISBI).[20] Frerichs was unanimously elected president of the bipartisan National Association of State Auditors, Comptrollers, and Treasurers in 2022. He was elected by his bipartisan peers to serve as senior vice-president of the National Association of State Treasurers (NAST) in 2022.[21] Frerichs was elected Secretary-Treasurer of the National Association of State Treasurers (NAST) for 2022,[22] and was also elected by his peers across the country to serve on the National Association of State Auditors, Comptrollers and Treasurers' (NASACT) Executive Committee.[23] The College Savings Plans Network honored Frerichs with its Distinguished Service Award in 2022.[24]

    As treasurer, Frerichs has focused on the unclaimed property program. He modernized the program and since took over, the office has returned a record-breaking $1.6 billion in forgotten cash and stock has been returned to individuals, employers, and non-profits.

    Frerichs also has worked to make college more affordable for families saving for their children’s future. He made changes to the Bright Start college savings program, taking it from worst to among the nation’s best. Independent analyst Morningstar awarded Bright Start the Gold rating five years in a row. The treasurer lowered fees and provided more investment options for families.

    Illinois now leads a multi-state alliance that allows parents of children with blindness or a disability to save for their child without jeopardizing their federal disability benefits. Achieving a Better Life Experience Program (ABLE) is the national standard, offering high-quality and low-cost investment options. His office also led negotiations that resulted in lower fees for participants.

    In November 2018, Treasurer Frerichs launched Secure Choice, a retirement savings program that will benefit an estimated 1.2 million private-sector workers in Illinois who do not have access to an employer-sponsored retirement plan. So far, 114,000 Illinois workers have saved more than $100 million that will help them retire with dignity.[25]

    Personal life

    Frerichs married Laura Appenzeller in 2003.[26] They had one daughter in 2008 and divorced in 2013.[27] Frerichs married marketing executive Erica Baker in 2022.[28] Frerichs and Baker had twins, Max and Theo, on June 13, 2023.

    Frerichs is physically notable for his height; there are references to his height on both his Facebook page ("Standing Tall for Illinois") and his Twitter/X page ("Your 6’8” Illinois State Treasurer, working to give every family the tools they need to live the American Dream.")

    Electoral history

    2006 General Election Results – Illinois’s 52nd Senate District [29]
    Party Candidate Votes %
    Democratic Mike Frerichs 27,149 48.8
    Republican Judith Myers 26,607 47.8
    Socialist Joseph Parnaraukis 1,894 3.4
    Democratic gain from Republican
    2010 General Election Results- Illinois's 52nd Senate District [30]
    Party Candidate Votes %
    Democratic Mike Frerichs (incumbent) 32,583 61.5
    Republican Al Reynolds 20,450 38.5
    Democratic hold
    2012 General Election Results- Illinois's 52nd Senate District [31]
    Party Candidate Votes %
    Democratic Mike Frerichs (incumbent) 48,493 100
    Democratic hold
    2014 General Election Results – Illinois’s State Treasurer[32]
    Party Candidate Votes %
    Democratic Mike Frerichs 1,694,884 48.05
    Republican Tom Cross 1,685,659 47.79
    Libertarian Matt Skopek 146,654 4.16
    Democratic gain from Republican
    2018 General Election Results – Illinois’s State Treasurer
    Party Candidate Votes %
    Democratic Mike Frerichs (incumbent) 2,593,816 57.6
    Republican Jim Dodge 1,710,082 38.9
    Libertarian Mike Leheney 155,256 3.5
    Democratic hold
    2022 General Election Results – Illinois’s State Treasurer
    Party Candidate Votes %
    Democratic Mike Frerichs (incumbent) 2,206,434 54.2
    Republican Tom Demmer 1,767,242 43.4
    Libertarian Preston Nelson 90,647 2.2
    Write-in 38 0.0
    Democratic hold

    References

    1. ↑ Veeneman, Drew. "Map of 52nd District" (PDF). precinctmaps.com. Retrieved December 19, 2012.
    2. 1 2 "Biography". Illinois Senate Democratic Caucus. Archived from the original on November 5, 2014. Retrieved February 16, 2013.
    3. ↑ "Michael W. Frerichs - Illinois State Treasurer: Treasurer Frerichs". www.illinoistreasurer.gov. Retrieved January 11, 2023.
    4. ↑ "General Election – 11/3/1998 104th Representative". Illinois State Board of Elections. Retrieved February 16, 2013.
    5. ↑ County Clerk Mark Shelden. "Official Results of Champaign County, Illinois General Election November 7, 2000 Final Summary" (PDF). Office of the Champaign County Clerk. Retrieved February 16, 2013.
    6. ↑ County Clerk Mark V. Shelden. "Official Results of Champaign County, Illinois General Election November 5, 2002 Final Summary" (PDF). Office of the Champaign County Clerk. Retrieved February 16, 2013.
    7. ↑ "County Board Meeting Minutes 19 December 2002" (PDF). Champaign County Recorder.
    8. ↑ "Office of the Champaign County Auditor – About the Office". Co.champaign.il.us. Archived from the original on May 29, 2015. Retrieved January 17, 2015.
    9. ↑ "Senator Michael W. Frerichs". Illinois General Assembly Legislative Information Service. Retrieved February 16, 2013.
    10. ↑ Wood, Paul. "Incumbents strong in Champaign County races". The News-Gazette. Retrieved November 9, 2021.
    11. ↑ "Tom Cross claims GOP nomination in race for state treasurer". Chicago Tribune. Retrieved January 17, 2015.
    12. ↑ "GENERAL ELECTION". Elections.il.gov. Retrieved January 17, 2015.
    13. ↑ Chicago Tribune (November 19, 2014). "Cross concedes defeat in treasurer race - Chicago Tribune". chicagotribune.com. Retrieved January 17, 2015.
    14. ↑ "Tom Cross concedes in treasurer's race, giving Frerichs win". Chicago. November 19, 2014. Retrieved January 17, 2015.
    15. ↑ "Election Results 2018 General Election". Illinois State Board of Elections. Retrieved October 30, 2021.
    16. ↑ "Illinois State Board of Elections".
    17. ↑ Chicago Tribune (January 12, 2015). "Madigan, White lead other statewide elected officials taking the oath - Chicago Tribune". chicagotribune.com. Retrieved January 17, 2015.
    18. ↑ Treasurer Frerichs Swearing In // January 14, 2019, archived from the original on December 15, 2021, retrieved October 30, 2021
    19. ↑ Illinois Treasurer Michael Frerichs' inaugural address, retrieved January 11, 2023
    20. ↑ "ISBI Board". Illinois State Board of Investment. Retrieved October 30, 2021.
    21. ↑ "Michael W. Frerichs - Illinois State Treasurer: Treasurer Frerichs". www.illinoistreasurer.gov. Retrieved January 11, 2023.
    22. ↑ "National Association of State Treasurers: Hon. Michael Frerichs". National Association of State Treasurers. Retrieved October 30, 2021.
    23. ↑ "NASACT Executive Committee". nasact.org. Retrieved October 30, 2021.
    24. ↑ "Michael W. Frerichs - Illinois State Treasurer: Treasurer Frerichs". www.illinoistreasurer.gov. Retrieved January 11, 2023.
    25. ↑ "Michael W. Frerichs - Illinois State Treasurer: Treasurer Frerichs". www.illinoistreasurer.gov. Retrieved January 11, 2023.
    26. ↑ Dodson, Don (May 15, 2009). "State senator's wife balancing business, family, politics". The News-Gazette. Champaign–Urbana, Illinois. Archived from the original on January 17, 2019. Retrieved August 4, 2016.
    27. ↑ Kacich, Tom (September 8, 2013). "Frerichs divorce". The News-Gazette. Champaign–Urbana, Illinois. Archived from the original on January 17, 2019. Retrieved August 4, 2016.
    28. ↑ Kapos, Shia. "Robin Kelly's in for another tug-of-war". POLITICO. Retrieved August 15, 2022.
    29. ↑ "2006 General Election Results-Illinois's 52nd Senate District". Elections.il.gov. Retrieved January 17, 2015.
    30. ↑ "2010 General Election Results-Illinois's 52nd Senate District". Elections.il.gov. Retrieved January 17, 2015.
    31. ↑ "2012 General Election Results- Illinois's 52nd Senate District". Elections.il.gov. Retrieved January 17, 2015.
    32. ↑ "Illinois State Board of Elections Official Results" (PDF). Elections.il.gov. Archived from the original (PDF) on January 28, 2015. Retrieved December 9, 2014.
    Wikimedia Commons has media related to Mike Frerichs.
    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.