Is Illinois Treasurer Icash legitimate?
SPRINGFIELD – Illinois’ unclaimed property program – also known as ICash – is one of the state’s oldest consumer protection initiatives. In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as unpaid life insurance benefits, forgotten bank accounts, and unused rebate cards.
What happens to unclaimed property in Illinois?
The State Treasurer is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.
How long does it take to get unclaimed money in Illinois?
Typically, all claims are reviewed in the date order received by our office. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to our office during the time frame your claim was received.
What is an unclaimed benefit fund?
An “unclaimed” benefit, as defined by legislation, is a benefit that has not been paid to or claimed by a member within 24 months from the date it became due for payment or claiming.
How do I remit an unclaimed property in Illinois?
Report Remittance Information: Remittances may be made via check or ACH Credit. To receive Illinois’ ACH instructions, email your request to [email protected]. Please supply your fax number and the instructions will be faxed to you. Checks should be made out to Illinois State Treasurer.
How much is my provident fund?
The employee contributes 12 percent of his or her basic salary along with the Dearness Allowance every month to the EPF account. For example: If the basic salary is Rs. 15,000 per month, the employee contribution shall be 12 % of 15000, which comes to Rs 1800/-. This amount is the employee contribution.
When should the money be submitted to the Registrar of Unclaimed Moneys?
31st of March
SUBMISSION OF UNCLAIMED MONEYS Manage and maintain a register for unclaimed moneys until the 31st of December in the format stipulated by the UM Registrar. Submit the money as well as the unclaimed moneys register no later than the 31st of March of the following year. Submit unclaimed moneys for gazetting purposes.