Treasurer Seeks To Ease Return Of Un-Cashed Paychecks
SPRINGFIELD, Ill. (CBS) -- Illinois State Treasurer Dan Rutherford says a new state law makes it easier for people to catch up with un-cashed paychecks they may have forgotten about, or never received.
As WBBM Newsradio Political Editor Craig Dellimore reports, Rutherford says it's a new day when it comes to efforts by a company to get you together with an un-cashed paycheck.
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"We have changed the law in Illinois to have it be so that an employer has a payroll check that is not cashed, or given to the individual to be cleared, that after one year, and they have not been able to get to the person, that it's turned over to me, the state treasurer, in order to help find the individual to return it to them," Rutherford said.
Just like the "Cash Dash" for unclaimed property and dormant bank accounts, the treasurer publishes a list, and you can see if you're on it.
Rutherford says the state sees $5 million in unclaimed checks every year.
