![]() ![]() Read More, JanuClaiming Your Cash and Property Just Got Easier In Illinois, the Treasurer's office predates the state's incorporation in 1818. Read More, NovemIllinois Invests Additional $10 Million in Israel Bonds Read More, JTreasurer Frerichs Announces Commemorative Coin Honoring Anniversary of the Ratification of the 19th Amendment Use this Resource Center to quickly access frequently visited pages, and the latest news and updates. The settlement agreement approved Thursday says the state will now pay that interest based on the current rate of inflation or the monthly earnings rate of the state portfolio, whichever is greater, minus a $5 administrative fee, according to Frerichs' office. Read More, JWith Ratings This Low, Illinois Could Not Buy Its Own Bonds The only such program that the state of Illinois recognizes, and works with, is the I-Cash program run by the treasurer's office. warn of economic consequences of expelling Dreamers, Temporary Protected Status holders Read More, MaTreasurer to Make Low-Interest Bridge Loans for Businesses Available as Soon as This Week Read More, SeptemMedia Advisory: Treasurer Frerichs to Cut Off Wells Fargo from Billions of Investment Dollars for Illegally Opening Consumer Accounts Read More, SeptemTreasurer Frerichs Hosts Diverse Managers Forum to Encourage Growth and Business Opportunity in Illinois Read More, Illinois Treasurer Frerichs Opens Applications For New Internship Program Welcome to the Illinois State Treasurer'sUnclaimed Property Page. Read More, State Treasurer Michael Frerichs Pushes to Reunite Kankakee Residents with Unclaimed Property, Lost Money Aug/ 9:42 AM Read More, DecemTreasurers, comptrollers, controllers from across the U.S. ![]() Anyone who claims their money in the future will receive their funds with that interest included.Read More, JTreasurer Frerichs Returns Record-Setting $155 Million through I-Cash Program Read More, JanuTreasurer Frerichs Launches New Investment Program for Children and Adults with a Disability or Blindness Read More, MaTreasurer Frerichs Reminds Non-Profits of March 31 Deadline to Apply for $250,000 in Grants Available Through Charitable Trust Program Review. 22, 2017, and has a valid mailing address on file with the Treasurer's Office will receive a check in the mail. Anyone who has previously claimed funds from the ICash program, starting from Aug. To get the interest payment, Illinois residents aren't required to take any action. Constitution by holding private property without "just compensation," asking the court to force the state to pay interest on those funds. The plaintiffs filed the class action lawsuit in 2016, alleging the state was violating the U.S. Sign up for the weekly Chicago Catch-Up newsletter here. The unclaimed funds held by the state currently add up to an estimated $3.5 billion - with many Illinoisans unaware they're owed that money, some now with interest after Thursday's settlement.įeeling out of the loop? We'll catch you up on the Chicago news you need to know. Treasurer Mike Frerichs' office maintains a website on the funds - known as the ICash program - where Illinois residents can search their names to see if they are owed any unclaimed property, as well as submit a claim to obtain it. Since 1961, the Illinois Treasurer's Office has been tasked under state law with holding unclaimed money and property like forgotten stock dividends, rent deposits, abandoned bank accounts, uncashed checks, utility refunds and more. Judge Charles Kocoras approved the settlement agreement reached between the state of Illinois and attorneys for the plaintiffs who filed the lawsuit five years earlier to compel the state to begin paying interest on the unclaimed property in the state's possession. A federal judge on Thursday approved a settlement which now requires the state of Illinois to pay interest on unclaimed money it holds to the residents who rightfully own and claim it. ![]()
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