Punxsutawney Phil’s prognostication has no ill effect on efforts to return nearly $1.7 million in unclaimed property
Harrisburg, PA - Treasurer Stacy Garrity announced today that the Pennsylvania Treasury has nearly $1.7 million in unclaimed property owed to residents and businesses with Punxsutawney addresses.
“While Punxsutawney Phil is busy looking for his shadow, staff here at Treasury are busy looking to reunite his neighbors with some of the nearly $4 billion in unclaimed property waiting in Treasury’s vault. No matter how many weeks of winter are left, Treasury is here to help Pennsylvanians claim what is rightfully theirs free of charge. This property is here for safekeeping until we can get it back into the right hands”
Pennsylvania State Treasurer, Stacy Garrity
Right now, Treasury has $3.8 billion in unclaimed property – including the 12,538 properties worth a total of $1,676,774.72 owed to residents and businesses in the borough of Punxsutawney. Punxsutawney residents can see if they are owed unclaimed property by viewing a list here.
Across the state, one in ten Pennsylvanians is owed unclaimed property. The average claim is worth about $2,000.
Unclaimed property includes things such as uncashed checks, forgotten bank accounts, stocks and bonds, and contents of safe deposit boxes. Something as simple as a misspelled name or incorrect address can land property with Treasury. State law requires properties be turned over to the state treasury after three years of dormancy — two years for payroll checks.