PA Treasurer McCord Returns More Than $14,000 in Unclaimed Property to Pennsylvania United Way Members
More than $14,000 in unclaimed funds is on its way back to several United Way members across Pennsylvania, State Treasurer Rob McCord announced today as he presented a mock check representing the amount to leaders of the United Way of Pennsylvania today. Learn more...
Treasurer McCord, Eagles’ Brent Celek, and Visa Team Up to Drive Home Personal Finance Lessons with Upper Darby Students
State Treasurer Rob McCord, Philadelphia Eagles tight end Brent Celek and two teams of students from Upper Darby High School went head-to-head today in a high-energy game of Financial Football, a free educational game from Visa Inc. that is designed to improve students’ money management skills. Learn more...
Treasurer McCord: This “Cyber Monday,” PA Treasury Can Be a Destination for Unique Gifts and Forgotten Funds
Deals abound on “Cyber Monday,” but today State Treasurer Rob McCord reminded Pennsylvanians to visit Treasury’s online unclaimed property auction for unique gift ideas. He urged shoppers, after they fill their virtual carts, to remain on www.patreasury.gov to find out if they are owed any of the nearly $1.3 million in unclaimed eBay and PayPal rebates and credits his department currently holds. Learn more...
This Veterans Day, McCord Treasury Working to Return Lost War Medals and Nearly $66,000 in Unclaimed Funds to Veterans, Military Service Organizations
Efforts are underway to return several of the 300 war medals turned over throughout the years to Treasury’s vault, State Treasurer Rob McCord noted today as his unclaimed property Return Team also identified nearly $66,000 in lost or forgotten money available for veteran service organizations and military addresses. Learn more...
Treasurer McCord Introduces Mobile Applications and Other Improvements to Debit Card Program
Pennsylvania Treasurer Rob McCord today introduced improvements to the nationally recognized debit card program Treasury uses to disburse unemployment and workers’ compensation payments. They include first-of-their kind dedicated Android and iPhone applications that combine multiple ATM networks to provide cardholders the ability to locate fee-free ATMs quickly. Learn more...
Treasurer Rob McCord Lowers Fees for PA 529 Investment Plan
The Pennsylvania 529 Investment Plan (IP) is going to help families’ college savings grow even faster, Pennsylvania Treasurer Rob McCord announced today. With new lower fees set to take effect on Dec. 2, 2013, the PA 529 IP will rank among the lowest-fee 529 plans in the country. Learn more...
Treasurer McCord Provides Update on Pennsylvania’s Divestiture from Companies Having Scrutinized Activities in Iran or Sudan
Pennsylvania Treasurer Rob McCord today lauded findings in Treasury’s recent report on Pennsylvania’s efforts under Act 44 of 2010 to divest from companies having certain scrutinized activities in Iran or Sudan. Learn more... | Read the report
Treasure Trove of Unclaimed Items from State Treasury Vault Up For Bid This Weekend at Lancaster County-based Morphy Auctions
Approximately 400 precious jewels and other valuables from Treasury’s vault will soon be up for bid as part of an ongoing effort to maximize revenues to the Commonwealth from property that is unlikely to be claimed, State Treasurer Rob McCord announced today. Learn more...
Treasurer McCord: Gov. Corbett Has Now Paid Lottery Privatization Consultants, Law Firms More Than $3.4 Million
State Treasurer Rob McCord today revealed that Gov. Corbett has so far diverted more than $3.4 million from the state Lottery Fund – dollars that should have been used to help senior citizens – to pay consultants and law firms for his misguided attempt to privatize the Pennsylvania Lottery. Learn more...
During Breast Cancer Awareness Month, Treasurer McCord Identifies $84,000 in Property Owed to Cancer Treatment, Research Organizations
In recognition of Breast Cancer Awareness Month, State Treasurer Rob McCord today highlighted more than $84,000 in unclaimed property the state is working to reunite with organizations and institutions that treat, research and work to find a cure for cancer. Learn more...
During National Fire Prevention Month, Treasurer McCord Urges Fire, EMS Companies to Claim $157,000 in Unclaimed Property
National Fire Prevention Month is a chance for families to review their preparedness for a fire emergency, but as Pennsylvania Treasurer Rob McCord noted today, it is also a chance to support emergency responder organizations by highlighting an often overlooked source of revenue – Pennsylvania’s unclaimed property program. Learn more...
Treasurer McCord Encourages Families to Start 529 Plan, Create Lasting Legacy and Enjoy Unique Tax Benefits
As a record number of households struggle with student loans, State Treasurer Rob McCord said many grandparents are playing a more active role in helping their grandchildren afford college. A Pennsylvania 529 account, he said, offers great tax advantages and estate planning benefits. Learn more...
Treasurer McCord: $91,000 Returned to PA SSHE Schools; More than $262,000 in Lost and Forgotten Money Available to Claim by Colleges and Universities
Since taking office in January 2009, State Treasurer Rob McCord and his Return Team have reunited Pennsylvania’s 14 State System of Higher Education universities with more than $91,000. Today, the Treasurer highlighted a remaining $262,000 in unclaimed property that is up for claim by colleges and universities throughout the Commonwealth. Learn more...
Treasurer McCord Commemorates 9-11 Anniversary
State Treasurer Rob McCord issued the following statement on the anniversary of the terrorist attacks within the United States 12 years ago today.
“As we call to mind the tragic events of September 11, 2001, it gives us an opportunity to rededicate ourselves to the American spirit and to the promise of freedom that our country holds so dear. Learn more...
Treasurer McCord Expresses Sympathy on the Death of E. Steven Collins
State Treasurer Rob McCord today issued the following statement on the death early this morning of E. Steven Collins, an executive who was responsible for Radio One's three FM radio stations in Philadelphia – 100.3 FM, 103.9 FM and 107.9 FM – and the host of the weekly show Philly Speaks. Learn more...
Treasurer McCord/Senator Corman Case Against NCAA Will Proceed
State Treasurer Rob McCord said he was pleased the Pennsylvania Commonwealth Court will permit him and Senator Jake Corman to continue their efforts to ensure that money Penn State University paid in fines will be used in Pennsylvania. The court today overruled the National Collegiate Athletic Association’s (NCAA) preliminary objections seeking dismissal of a lawsuit filed by McCord and Corman. The decision means the case will proceed. Learn more...
Treasurer McCord: Reunite Loved Ones with Lost or Forgotten Money This Grandparents Day
Greeting cards can say a lot, but a check in the mail can make a difference in the lives of your loved ones, State Treasurer Rob McCord noted today. With Grandparents Day right around the corner, the Treasurer today urged Pennsylvanians to search www.patreasury.gov to find out if their grandparents are owed unclaimed property – with the average claim amount totaling $1,200, it could be a truly meaningful gift. Learn more...
Savings Alert! Save for College with the PA 529 Guaranteed Savings Plan before Higher Tuition Rates Take Effect September 1
Pennsylvania Treasurer Rob McCord today announced there are a few days left for families to contribute to a Pennsylvania 529 Guaranteed Savings Plan (GSP) account by August 31, 2013, to receive the 2012-2013 academic year’s lower rates. After that date, credit prices will rise due to increases in tuition rates. Learn more...
Treasurer McCord Commends President for Focus on Higher Education
State Treasurer Rob McCord welcomes the attention President Barack Obama is bringing today to the importance of higher education and his efforts to make it more affordable. On a visit to Scranton this afternoon, the president intends to speak about rising higher education costs and his plans to combat them. Learn more...
Treasurer McCord to PA Schools: Nearly $850,000 in Lost and Forgotten Money Available to Claim
A new school year will soon be underway, but State Treasurer Rob McCord reminded schools that old or forgotten money might be waiting for them at the Pennsylvania Treasury. Learn more...
State Treasury Transfers Payments to Erie WIC Service Provider
After an expedited review process, the state Treasury made a payment of more than $160,000 under the Women, Infants and Children (WIC) grant program to the service provider in Erie today, State Treasurer Rob McCord said. Learn more...
Treasurer McCord Lowers Fees Nearly 30% for PA 529 Guaranteed Savings Program
State Treasurer Rob McCord announced good news today for families saving for higher education with the Pennsylvania 529 Guaranteed Saving Plan (GSP). Due to the greatly improved financial status of the GSP Fund, which is now actuarially fully funded, fees and premiums are being reduced. Learn more...
Treasurer McCord: Bond Rating Drop Another Sign of Bad Corbett Economy
State Treasurer Rob McCord made the following comments today regarding Fitch’s downgrade of Pennsylvania general obligation bonds:
“The downgrade of Pennsylvania’s bond rating today by Fitch is one more indicator of the failure of Corbett administration economic policies. Learn more...
Keystone HELP Partners Win Energy Financing Award
The Pennsylvania Keystone Home Energy Loan Program (HELP) has figured prominently in another national energy award, as the Council of Development Finance Agencies (CDFA) today named Bostonia Partners as the winner of the 2013 CDFA Excellence in Energy Finance Award. Learn more... | Read CDFA announcement
PA Treasurer McCord: Notification Letters On The Way to 60,000 Potential Property Owners
Pennsylvanians who open their mailboxes and find a letter from the State Treasury in coming weeks may have unclaimed property waiting for them, Treasurer Rob McCord announced today as his department issued more than 60,000 notification letters to the owners of the newest unclaimed property in its database. Learn more...
Treasurer McCord: New Law Increases Fairness, Openness of Tax Appeals
The appeals system for Pennsylvania taxpayers will become fairer and more transparent under changes contained in legislation that has been sent to the governor affecting the Board of Finance and Revenue (BF&R), State Treasurer Rob McCord said today. With the board becoming more independent of state taxing authorities, the reforms will put the taxpayer on equal footing with the Department of Revenue when the board considers appeals. A requirement that the board publish its opinions will make the public better informed about taxation rules. Learn more...
Treasurer McCord Says $227 Million in Property Tax, Rent Rebates to be Issued July 1
About $227 million in property tax and rent rebates will soon be headed to nearly half a million Pennsylvania seniors, widows, widowers and people with disabilities, according to State Treasurer Rob McCord. Learn more... | Check rebate status
Treasurer McCord Urges Congress to Maintain Low Student Loan Rates
State Treasurer Rob McCord wrote to each member of Pennsylvania’s congressional delegation today, urging them to pass legislation that will keep student loan interest rates low. Learn more...
PA Treasurer McCord Returns More Than $13,000 in Unclaimed Property to Philadelphia Health Care Advocacy Group
More than $467 million in lost and forgotten money and valuables are up for claim in southeastern Pennsylvania, State Treasurer Rob McCord stressed today during a visit to a Philadelphia health care advocacy group that claimed its cash earlier this year. The Treasurer encouraged residents, businesses and organizations to visit www.patreasury.gov, where they can search and claim property for free. Learn more...
Treasurer McCord, Senator Corman Seek Mediation for PSU Sanction Funds
State Senator Jake Corman (R-Centre) and State Treasurer Rob McCord have asked Commonwealth Court to place their lawsuit against the National Collegiate Athletic Association (NCAA) into mediation, in the hope of deciding the use of Penn State University sanction funds as soon as possible. Their request, filed with the court yesterday afternoon, came after they received an exchange of correspondence from legal counsels for Penn State and the NCAA. Learn more...
McCord Treasury’s Unclaimed Property Program Reaches $1 Billion Milestone in Collections, Surpasses $600 Million Mark in Revenue Generation
State Treasurer Rob McCord today announced that Treasury’s unclaimed property program recently reached the $1 billion mark in collection of lost and forgotten money and valuables since he took office in January 2009. New innovations and efficiencies implemented by his administration have produced higher collections – his office took in 41 percent more property in 2012 than in 2008, the year before he became treasurer. Learn more...
State Treasury Rejects Payments for NICUSA Computer Contract
The Pennsylvania Treasury today informed the Office of Administration it would not make nearly $3.48 million in requested payments for computer services to Pennsylvania Interactive LLC (parent company NICUSA) due to concerns about the lawfulness and correctness of both the contract and the payments. Learn more... | Treasury Memo on Rejection of Payments
Keystone HELP’s® Energy Efficiency Efforts Earn National Award
The Keystone Home Energy Loan Program (Keystone HELP®) is the winner of the Alliance to Save Energy’s 2013 Andromeda Star of Energy Efficiency award. The Pennsylvania Treasury Department and AFC First Financial Corporation (AFC), along with their partner the Pennsylvania Department of Environmental Protection, will be honored for Keystone Help® during the Alliance to Save Energy’s Annual Dinner on October 2 at the Andrew W. Mellon Auditorium in Washington, D.C. Learn more...
PA Treasurer Rob McCord and PA 529 College Savings Program Celebrate “529 Day” at Please Touch Museum
State Treasurer Rob McCord today encouraged visitors to Please Touch Museum to get started on the path to saving for higher education with the PA 529 College Savings Program. The program offers great tax benefits and can help to make higher education more affordable. Learn more...
PA Treasurer McCord Returns More Than $3,000 in Unclaimed Property to Goodwill of Southwestern Pennsylvania
During a visit today to the headquarters of Goodwill of Southwestern Pennsylvania, State Treasurer Rob McCord presented officials with a mock check representing the more than $3,000 in unclaimed property the organization claimed earlier this year. The Treasurer noted that $180 million in lost and forgotten money and valuables is available to claim by residents, businesses and organizations in the eight-county region served by Goodwill of Southwestern Pennsylvania. Learn more...
Nearly $90,000 in Lost and Forgotten Money Available for Claim, Treasurer McCord Reminds Law Enforcement Officials during National Police Week
During the week designated to honor the men and women who protect our communities, State Treasurer Rob McCord reminded law enforcement units that there could be additional money to support their important work waiting for them at www.patreasury.gov. Learn more...
Treasurer McCord Proud to Accept National Award for Keystone HELP
State Treasurer Rob McCord expressed appreciation to State and Local Energy Report for recognizing the achievements of Pennsylvania’s Keystone Home Energy Loan Program (Keystone HELP) as the magazine announced the winners of its fifth annual Residential Energy Efficiency Awards today. Learn more...
Treasurer McCord to PA Hospitals, Health Care Organizations: More Than $3 Million in Unclaimed Property Available to Claim
Pennsylvania hospitals, health care providers and related organizations could be owed some of the $3 million in unclaimed property identified by Treasury’s Return Team during National Hospital Week, State Treasurer Rob McCord announced today as he encouraged health care professionals to search patreasury.gov to see if any belongs to their facilities. Learn more...
PA Treasurer McCord Stresses Need for Greater Corporate Board Diversity Following Latest GMI Ratings Report
Pennsylvania State Treasurer Rob McCord today continued his call for greater gender diversity on corporate boards after the global research firm GMI Ratings released its annual “Women on Boards” report, which showed little progress in the U.S. over the past year. Learn more...
Treasurer McCord Disputes Governor Corbett’s Unemployment Analysis
State Treasurer Rob McCord took issue today with Gov. Tom Corbett’s recent characterization of Pennsylvania’s employment picture as “better than other states” and with the governor’s assertion that the state’s declining jobs level is due to the unemployed being unable pass drug tests. Learn more...
Treasurer McCord Seeks to Return $232,000 in Unclaimed Property to Libraries, Bookstores and Literacy Organizations During National Library Week
More than $232,000 in unclaimed property is waiting to be claimed by libraries, books stores and literacy organizations across Pennsylvania, State Treasurer Rob McCord announced today during National Library Week. Learn more...
Important Deadline for Employers: Annual Unclaimed Property Reports Due by April 15 Businesses and organizations have until April 15 to report dormant financial assets and unclaimed tangible items to the Pennsylvania Treasury. This important annual deadline allows Treasury to return unclaimed property to the rightful owners or heirs. Learn more...
Treasurer McCord, Senator Corman Seek Return to State of PSU Penalties
State Treasurer Rob McCord today joined state Senator Jake Corman (R-Centre County) in suing the National Collegiate Athletic Association (NCAA) to recover the first installment of $12 million dollars in penalties that Penn State University paid in the wake of the Jerry Sandusky child sexual abuse case. A state law enacted earlier this year requires the money to be deposited into an endowment fund under the custodianship of Treasurer McCord. The suit was filed in Commonwealth Court. Learn more...
Treasurer McCord Reminds Unemployment and Workers’ Comp Recipients to Activate New Debit Card
State Treasurer Rob McCord today reminded those receiving unemployment compensation or workers’ compensation payments through a debit card to activate their new gold-colored card as soon as they receive it. Learn more...
Treasurer McCord Asks Federal Court to Wait for State Resolution of Penn State/NCAA Case
State Treasurer Rob McCord today asked a federal court to refrain from considering the National Collegiate Athletic Association’s (NCAA) lawsuit challenging control of Penn State University sanction funds until related pending state and federal court proceedings are resolved. McCord also signaled his intention to defend vigorously the state legislature’s attempt to spend those funds on sex abuse victim and prevention programs within Pennsylvania. Learn more...
Treasurer McCord: Huntingdon County Family Wins $529 PA 529 College Savings Account
According to the recent study, How America Saves for College 2013, when asked about saving for college most families surveyed said they felt overwhelmed. For one Huntingdon family, getting started just got a little easier. Learn more...
PA Treasurer McCord: This St. Patrick’s Day, You Don’t Need the “Luck of the Irish” to Claim What’s Yours with Treasury’s Unclaimed Property Program
You may not be Irish, but you will certainly smile this St. Patrick’s Day if you find unclaimed property in your name at www.patreasury.gov, State Treasurer Rob McCord said today as he reminded Pennsylvanians that their very own pot of gold could await them for free in Treasury’s database. Learn more...
Treasurer McCord, National Experts Call Home Energy Efficiency Loan Sale a Milestone for Attracting Private Capital, Creating Secondary Market
The Pennsylvania Treasury recently sold several thousand loans made through its nationally recognized Keystone Home Energy Loan Program, according to State Treasurer Rob McCord. The sale, one of the first of its kind in the country, also marked an important milestone in national efforts to develop a secondary market for such loans. Learn more...
Treasurer McCord Sees Court Ruling as Victory for Working Poor
State Treasurer Rob McCord issued the following statement today regarding Commonwealth Court’s ruling that the transfer of money from the adultBasic program and the Medicaid for Disabled Workers program in 2010 and 2011 was unconstitutional: Learn more...
PA Treasurer McCord Returns More Than $73,000 in Unclaimed Property to Volunteer Firemen’s Relief Association of Reading
More than $20.3 million in unclaimed property is available to claim in Berks County, State Treasurer Rob McCord announced today as he presented officials of the Volunteer Firemen’s Relief Association of Reading with a mock check representing more than $73,000 in property the organization claimed last year. Learn more...
PA Treasurer McCord Returns More Than $17,700 in Unclaimed Property to United Steelworkers
State Treasurer Rob McCord returned more than $17,700 in unclaimed property to the United Steelworkers today, as he encouraged businesses and organizations across Pennsylvania to search www.patreasury.gov to see if they too are owed some of the $1.9 billion in unclaimed property Treasury currently holds. Learn more...
Treasurer McCord Issues Statement on Attorney General’s Rejection of Lottery Management Contract
State Treasurer Rob McCord issued the following statement on Attorney General Kathleen Kane’s announcement today that she would not approve the Corbett Administration’s contract to turn management of the Pennsylvania Lottery over to a private company:
“I commend the Attorney General for her independent review and subsequent rejection of the administration’s attempt to expand gambling through the state contracting process. Learn more...
During Black History Month, PA Treasurer McCord Says Nearly $62,200 in Unclaimed Property Owed to African American Organizations, Institutions
The Pennsylvania Treasury currently holds nearly $62,200 in unclaimed property that belongs to African American organizations and institutions, State Treasurer Rob McCord said today as he encouraged these groups to search and claim what is theirs. Learn more...
Pennsylvania Treasury, Department of Auditor General Celebrate Black History Month
State Treasurer Rob McCord and Auditor General Eugene DePasquale today honored and celebrated the history, culture, and innumerable contributions of African Americans to society during an event to recognize Black History Month. Today’s event, which was held at the Forum Auditorium in Harrisburg, marks the 17th consecutive year the two agencies have sponsored such a program. Learn more...
PA Treasurer McCord: Become “Claimant-in-Chief” This Presidents Day – Search Treasury’s Unclaimed Property Database
Ulysses S. Grant and Dwight D. Eisenhower are not just past commanders-in-chief, they are also Pennsylvanians who have unclaimed property waiting for them at the Pennsylvania Treasury, State Treasurer Rob McCord said today as part of an ongoing effort to reunite property with the rightful owners. Learn more...
Pennsylvania Treasury’s Debit Card Program Earns Top Ranking from National Consumer Group
Pennsylvania was one of only three states to receive the highest rating for its unemployed workers prepaid debit card program in a report released today by the National Consumer Law Center (NCLC). Pennsylvania joined California and New Jersey in earning “two thumbs up.” The report devotes an entire page to highlighting the features of Pennsylvania Treasury’s new card program. Learn more...
Treasurer McCord: Higher Tax Deduction Makes 2013 Great Time to Open a PA 529 College Savings Plan
With the state income tax deduction for 529 college saving plan contributions now at $14,000 per person, per beneficiary, per year, Pennsylvania Treasurer Rob McCord called 2013 a great year to open and contribute to these tax-advantaged savings plans. Learn more...
Cupid’s Arrow Points to Great Valentine’s Gifts on PA Treasury’s eBay Auction
Pennsylvania Treasurer Rob McCord today reminded shoppers of a unique option to find the perfect gift for their Valentine – Treasury’s eBay auction for unclaimed property at www.patreasury.gov. There, shoppers can bid on new items like diamond cluster and solitaire rings; gold necklaces, bracelets and pins; and heart-shaped pendants and earrings. Learn more...
Treasurer McCord Announces $5.2 Million in Savings to Pennsylvanians through New Debit Card Program
State Treasurer Rob McCord today announced significant improvements to the debit card program that Treasury uses to disburse unemployment and workers’ compensation payments – saving individual Pennsylvanians an estimated $5.2 million per year in transaction fees. Learn more... | Side-by-side comparison of debit card programs
Treasurer McCord Opposes Pay Raise for SERS Official
State Treasurer Rob McCord today voted against a salary increase for the chief investment officer of the State Employees Retirement System (SERS), saying that it was unjustified based on his length of service and the state’s current pension problems. Learn more...
State Treasury Partners with Lancaster County-based Morphy Auctions to Maximize Proceeds from Unclaimed Property Sales
Rather than sitting in a vault, a treasure trove of rare and precious unclaimed valuables will be auctioned next month under a new partnership between the Pennsylvania Treasury and Morphy Auctions of Lancaster County, according to State Treasurer Rob McCord, who explained the auction is part of Treasury’s ongoing effort to maximize revenues to the Commonwealth from property that is unlikely to be claimed. Learn more... | View the catalog and bid online for Feb. 8 and 9 auction
State Treasurer Rob McCord Sworn In For Second Term
Incumbent State Treasurer Rob McCord took office for a second term today, vowing to maintain the results-driven approach to government that has produced $1.6 billion in investment returns and averted hundreds of millions of dollars in wasteful spending during his first four years in office. Learn more...
Treasurer McCord Disputes Legality of Lottery Expansion
Lacking a precise description of the types of gaming to be deployed on video lottery terminals, it is currently impossible to determine whether such an expansion of the lottery under a private management agreement would be lawful, State Treasurer Rob McCord said today. Learn more...
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