Icash illinoi claim form4/10/2024 SeptemTreasurer Frerichs Makes Record $124.6 Million In Investment Earnings For State Portfolio During August SeptemIllinois Secure Choice Helps Address Retirement Savings Crisis as Key Deadline for Small Businesses Approaches OctoTreasurer Frerichs Honors Hispanic Leaders And Celebrates Hispanic Heritage Month OctoIllinois State Treasurer Michael Frerichs Elected as Next President of National Association of State Treasurers OctoIllinois State Treasurer Michael Frerichs Announces Additional $10 Million Investment in Israel OctoState Treasurer Michael Frerichs Honors LGBTQ+ Leaders OctoTreasurer Frerichs Makes $118 Million In Investment Earnings For State Portfolio During September ![]() OctoState Treasurer Michael Frerichs: Enhanced Money Match Returns Money Ahead of Holiday Shopping Season OctoIllinois State Treasurer Michael Frerichs Welcomes New Hampshire to National ABLE Alliance NovemIllinois State Treasurer Michael Frerichs Announces Additional $20 Million Investment in Israel NovemReturned Purple Hearts and Other Medals NovemState Treasurer Mike Frerichs Returns Purple Heart To Will County Family of WWII Veteran NovemMidwest Investors Diversity Initiative Seeks More Diversity on Corporate Boards NovemIllinois Treasurer Michael Frerichs Returns $18.9 Million In Missing Money in October NovemIllinois State Treasurer Michael Frerichs Sets Online Auction of Unclaimed Property for November 27-December 1 ![]() NovemOnline Auction of Unclaimed Property Ends December 1 JanuState Treasurer Michael Frerichs Announces 10 Illinois Nonprofit Groups Selected for More Than $182,000 in Charitable Trust GrantsĭecemIllinois Treasurer Michael Frerichs Reminds New Parents to Claim $50 Deposit in Illinois 529 College Savings AccountĭecemState Treasurer Michael Frerichs Returns $64,500 To Salvation Army of IllinoisĭecemTreasurer Frerichs Eclipses $1.2 Billion In Investment Earnings For State Portfolio During 2023ĭecemIllinois State Treasurer Michael Frerichs Thanks Representative Mike Marron for His Legislative ServiceĭecemTreasurer Frerichs Returns $47 Million In Missing Money Ahead of HolidaysĭecemNeed Extra Cash This Holiday Season? JanuTreasurer Frerichs Returned $276 Million in Missing Money in 2023 Anyone who claims their money in the future will receive their funds with that interest included.JanuState Treasurer Michael Frerichs Warns of Federal Government Shutdown’s Impact on Illinois 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. 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. 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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