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Aggravating_Foot_528 OP t1_jch9pgg wrote

>The state Treasury is holding unclaimed cash and property belonging to roughly 1 in 10 Pennsylvanians - and the passage of one piece of legislation would allow it to speed the return of some of that to its rightful owners, Treasurer Stacy Garrity said Wednesday.
>
>The proposed change would allow the Treasury to automatically write a check to return unclaimed money up to $5,000 to its rightful owner, eliminating the requirement that the owner file formal claim.

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ewyorksockexchange t1_jchqcr8 wrote

This would be great for the people that have small amount in unclaimed property for whom filing a formal claim is either not worth the effort or basically impossible. Comcast owes me like $300 from some kind of settlement from a decade or so ago, but I can’t get the money because I don’t have a copy of my lease from back then. This bill would allow me to get that $$$.

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Aggravating_Foot_528 OP t1_jchr09z wrote

Yes. It's so dumb right now. They know who they have money for. You just need to claim it by producing so much paperwork in some cases and getting signatures notarized that often it's not worth the time/effort.

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drxdrg08 t1_jckczmo wrote

> They know who they have money for.

They don't.

There is no tie between a name and a physical person. Unlike a social security number. Names are not unique. And even if they were, there is no definitive database of addresses where checks can be sent.

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drxdrg08 t1_jckcklw wrote

> automatically write a check

What address are they writing on the envelope for the check?

> Comcast owes me like $300 from some kind of settlement from a decade or so ago, but I can’t get the money because I don’t have a copy of my lease from back then.

Maybe the address of the Comcast contract?

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IAMABobby t1_jchjih1 wrote

Stacy Garrity has done a great job as treasurer. It’s not a high profile position but she’s done a lot with the office. If anyone has a PA 529 account you’d already know. She’s also done a lot with transparency as well. I wouldn’t mind seeing her run for governor but as long as Shapiro doesn’t make any waves, I think it’d take a higher profile politician from the GOP to beat him.

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Aggravating_Foot_528 OP t1_jci84u8 wrote

The PA 529 still isn't great. I use Ohio. NYS is good. So is Iowa. Anything basically run by vanguard has much cheaper fees.
. The good thing is that the PA income tax credit for 529 contributions can be used for any state 529.

The PA 529 fees were even worse 10 years ago. But they're still not the most competitive.

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RipTide275 t1_jcp8fmo wrote

It’s not just about fees. Performance counts too

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atlashoth t1_jcjot69 wrote

As a normal guy who hasn't owned property but has floated through a handful of jobs, I'm sure I've lost final checks or cashing out 401k. Is this something I can use to check that?

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Aggravating_Foot_528 OP t1_jcjpifd wrote

Yup.

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atlashoth t1_jcjpqci wrote

Wait, is it a system to be implemented? Or is there a local website I can login to, to run a check?

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Kazwuzhere t1_jcj1bc1 wrote

Filed 3 claims in early December, still waiting for them to do something with any of them. One had 10 supporting documents included to try and avoid any issues. (That one was for my late father who passed 16 yrs ago.)

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AppleTStudio t1_jckau0o wrote

So I had missing property. Nothing much, it was like a $0.60 check from Google. It never got cashed because it was addressed to an address I haven't lived in since I was a kid.

If they started writing checks and sending them out, how would they get my current address? Otherwise, wouldn't it just go right back into the system?

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