February 1st – National Unclaimed Property Day
Louisiana Unclaimed Property Program: “Great Employee Give Back of 2023”
With Baton Rouge General Hospital
FEBRUARY 1st IS NATIONAL UCP DAY:
- Feb 1 marks National Unclaimed Property Day.
- This day is promoted by unclaimed property offices in every state.
- To commemorate the occasion, LA State Treasurer John M. Schroder is launching the Louisiana Unclaimed Property “Great Employee Give Back of 2023” by hand delivering 572 checks worth $42,592.59 to employees of the Baton Rouge General Hospital on February 1st at 3:30 pm at their Bluebonnet campus at 8585 Picardy Avenue in Conference Room 1 and 2.
LOUISIANA’S GREAT EMPLOYEE GIVE BACK OF 2023 – a pilot program:
- Treasurer Schroder is excited to launch this new campaign with the Baton Rouge General/
- THANK YOU to Baton Rouge General CFO Kendall Johnson and his team.
- Treasurer Schroder and UCP Director Kathleen Lobell have been working with Baton Rouge General CFO Kendall Johnson on a way to return UCP to employees
- Through a data match, employees were identified and checks were cut.
- Most of the unclaimed money in our database is there because of an old address.
- We are always looking for creative ways to obtain current addresses and pay money back to the owners and we thought local employers would be a good resource for up to date information on their employees.
- The match with Baton Rouge General is a pilot program and we hope to spread the word to other large companies.
ABOUT LA’S UCP PROGRAM:
- 1 in 6 Louisiana residents have UCP
- The average refund in Louisiana is around $900.
- Since he’s been in office we have given back $225.9 million in UCP.
- Louisiana’s Unclaimed Property staff are available Monday through Friday from 8 AM until 4:30 PM and can be reached at 888-925-4127.
- Kathleen Lobell is the Director of the Louisiana Unclaimed Property Program and is the Immediate Past President of the National Association of Unclaimed Property Associations (NAUPA).
WHAT IS UCP:
- Some common types of unclaimed property include checking accounts, certificates of deposit, overpayments, gift certificates, paid-up life insurance policies, unpaid wages, uncashed checks, death benefits, dividends, insurance payments, money orders, refunds and savings accounts.
- Unclaimed property does not include real estate, animals, or vehicles.
- Unclaimed property programs are free and exist in all 50 states.
- To find out if you have unclaimed property, search Louisiana’s unclaimed property database at LaCashClaim.org. If you find your name on the list, you can make a claim for free.
- You can also search the names of your friends and family and let them know about any unclaimed property that may belong to them.
- You can also visit missingmoney.com to check for unclaimed property nationwide. Unclaimed property is reported to the State of your last known address, so if you ever lived in another State – check Missingmoney.com.
- How does property become unclaimed? Most personal property is presumed to be abandoned if no activity has occurred for a number of years. The inactivity period varies depending upon the type of property at issue. The property is sent to the state, which works to reunite the property with its rightful owner.