Treasurer Frerichs Returned $276 Million In Missing Money In 2023
SPRINGFIELD – The Illinois State Treasurer’s Office returned nearly $276 million in missing money during 2023, Illinois State Treasurer Michael Frerichs announced today. Illinois’ missing money program — also known as I-CASH — processed 314,154 claims last year. In December, the Treasurer’s Office returned $12 million through 11,477 claims. “This money does more good for our state and our citizens in their hands than in a vault in Springfield,” Frerichs said. “We have made it easier to file a claim for many cases and streamlined the system with the help of state lawmakers.” I-CASH is one of the state’s oldest consumer protection initiatives. The State Treasurer is tasked with safeguarding unclaimed property, such as the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Frerichs completely restructured the missing money process. The State Treasurer’s
stLouIST