US/UK/Canada

Share

Pick a time period -
Tags ( Active)

New Law Protects Pennsylvanians Recovering Lost Money and Items

Unclaimed property “finders” will be subject to state approval and oversightHarrisburg – At the urging of state Treasurer Rob McCord, legislation enacted this month will guard Pennsylvanians against fraud and deceptive practices when they employ a service to help them claim their money or property that has been turned over to the state. With changes made through the Fiscal Code bill (Act 126 of 2014), new sections were added to the state’s unclaimed property law allowing the Treasury to oversee those who for a fee assist others in locating and recovering unclaimed property – commonly

Treasurer McCord Supports Same-Sex Couple in Unprecedented U.S. District Court Filing

State marriage law results in unequal financial treatment under Treasury programsHarrisburg – State Treasurer Rob McCord today petitioned federal court for permission to submit a friend-of-the-court brief in a pending marital rights case, seeking to ensure the court receives the balanced perspective of a statewide elected executive who is able to identify specific issues in which same-sex couples are deprived of equal treatment under the law when accessing state-sponsored programs and benefits.In the amicus brief attached to the filing with the United States District Court for the Eastern

Treasurer McCord Files Petition to Safeguard State Employee Safety

Commonwealth Court asked to decide if Right to Know Law applies where personal safety and security is in questionHarrisburg – Faced with the threat of a lawsuit, or releasing information that could jeopardize the safety and security of some public employees, Treasurer Rob McCord today asked Commonwealth Court to resolve a conflict concerning the application of the state Right to Know Law. “I take seriously my obligation to protect the safety and security of our public employees. By filing this motion, I hope to ensure the protection of our public employees as provided in the Right to

Treasurer McCord: Governor Should Not Appeal Voter ID Ruling

Law is unnecessary; money could be spent on state’s real problemsHarrisburg –State Treasurer Rob McCord today called on Governor Tom Corbett not to appeal the Commonwealth Court decision that a law requiring Pennsylvania voters to show photo identification at the polls is unconstitutional. “The governor should finally accept the court’s finding that there is no evidence of in-person fraud that threatens the integrity of elections in Pennsylvania, and he should not try to revive a statute now declared unconstitutional. Governor Corbett and his team provided a solution in search of a

Treasurer McCord Marks MLK Day with Service Project in Philadelphia

Notes impact on education of landmark Supreme Court decision 60 years agoPhiladelphia – State Treasurer Rob McCord participated in a service project at Girard College in Philadelphia this morning to observe Martin Luther King Jr. Day, while also noting two significant anniversaries -- 60 years since the U.S. Supreme Court's Brown v. Board of Education decision that dramatically affected educational opportunity in America, and 50 years since the passage of the Civil Rights Act."Today, we celebrate the life and legacy of one of our country's foremost leaders and pioneers of the civil rights

PA Treasury Returns $111 Million in Unclaimed Property in 2013

More than half a billion dollars reunited with owners since 2009 under strong push to collect dormant and forgotten propertyHarrisburg – The Pennsylvania Treasury returned $111 million in unclaimed property to rightful owners or heirs in 2013, the highest yearly return amount since the start of his administration, State Treasurer Rob McCord announced today. This brings the total of lost and forgotten money and items returned since January 2009 to more than $517 million, the Treasurer noted. Unclaimed property collections in 2013 also reached a new high for the McCord Treasury – $281

After Wasting $3.4 Million on Divisive and Flawed Lottery Privatization Plan, Gov. Corbett Now Says: Never Mind

McCord calls on Corbett to replenish wasted Lottery funds from his own budgetHarrisburg – More than a year after state Treasurer Rob McCord first questioned the legality of Gov. Corbett’s plan to privatize the Pennsylvania Lottery, Gov. Corbett today announced he is abandoning the proposal. “I am grateful that Gov. Corbett has finally heeded my call to put an end to this unwise and unnecessary ideological quest,” said McCord. "All of us who care about seniors can be thankful that Gov. Corbett has pledged not to waste any more seniors’ money on a failed effort to appease ideologues by

Treasurer McCord: Only Days Remain to Save on Taxes by Saving for College

Contribute before December 31 to maximize 2013 state tax deductions; New accounts open for freeHarrisburg – State Treasurer Rob McCord today reminded Pennsylvanians time is running out to reduce 2013 state taxes by saving for college with the Pennsylvania 529 College Savings Program. Pennsylvanians who open or contribute to a PA 529 account by Dec. 31 can take advantage of a state income tax deduction and gift tax exclusion, he said. “As families begin to think about resolutions for the New Year, there is still time to cross ‘saving for college’ off their 2013 list and be rewarded for

Treasurer McCord’s 2013 Year-end Tax Planning Tip: Save on Taxes by Saving for College

Contribute before December 31 to maximize 2013 state tax deductions; New accounts open for freeHarrisburg – With only weeks remaining in 2013, State Treasurer Rob McCord today reminded Pennsylvanians that there is still time to reduce 2013 state taxes by saving for college with the Pennsylvania 529 College Savings Program. Pennsylvanians who open or contribute to a PA 529 account by December 31 can take advantage of a state income tax deduction and gift tax exclusion, he said. “Last year, Pennsylvanians saved nearly $19 million on their state income taxes as a result of investing in a

Treasurer McCord Highlights Corbett’s Waste of Lottery Funds

$3.4 million for privatization consultants should have been used for senior servicesPittsburgh – Money wasted on consultants and law firms aiding Governor Tom Corbett’s misguided attempt to privatize the state Lottery should have been used to help senior citizens in Allegheny County and elsewhere in Pennsylvania, State Treasurer Rob McCord told a group of seniors today. He called on Corbett to abandon what he termed an “ideological pursuit of Lottery privatization.” During a visit to the Greenfield Community Senior Center in Pittsburgh, McCord highlighted the $3.4 million Corbett has so

Chase Debit Cardholders Should Take Advantage of Credit Monitoring

Treasurer McCord also reminds all consumers to check credit reports periodicallyHarrisburg – Eligible unemployment compensation and workers’ compensation recipients who use the J.P. Morgan Chase prepaid debit card for their benefits should sign up for two years of free credit monitoring and identity theft insurance, State Treasurer Rob McCord said today. Last week, J.P. Morgan Chase notified about 26,000 Pennsylvania debit cardholders that some of their personal information might have been improperly viewed between mid-July and mid-September. Chase said it found no evidence that any of

Holiday Shopping Alert: Turn Holiday Spending into College Savings with the Pennsylvania 529 College Savings Program

Helping a loved one make college more affordable is a gift they will never outgrowHarrisburg – State Treasurer Rob McCord today encouraged Pennsylvanians to give the gift of education by opening or contributing to a Pennsylvania 529 College Savings Program account.   According to Treasurer McCord, family members and friends may contribute to a child’s PA 529 account and also receive a Pennsylvania income tax deduction. The state income tax deduction for 529 college savings plan contributions was increased to $14,000 per taxpayer, per beneficiary, in 2013.  “Today’s shoppers work hard

Treasurer McCord Introduces Mobile Applications and Other Improvements to Debit Card Program

Cardholders paying 70% less in fees under the new programHarrisburg – 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. McCord introduced Treasury’s new debit card in January 2013 and projected cardholders would pay significantly less in fees than under the previous program.

Treasurer Rob McCord Lowers Fees for PA 529 Investment Plan

Fees down 44 percent since January 2009Harrisburg –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. “The Pennsylvania 529 Investment Plan is helping a record number of families,” said Treasurer McCord. “And I am delighted to announce that this 529 plan will do even more to help families pay for college. “Since we first lowered fees in July 2010, PA 529 IP

Treasurer McCord Provides Update on Pennsylvania’s Divestiture from Companies Having Scrutinized Activities in Iran or Sudan

Nearly $60 million in securities sold with an associated $3.7 million investment gainHarrisburg – 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.  “I’m pleased that we have been able to divest these securities without having the significant negative impact to the General Fund that some had feared,” said McCord. “More importantly, Pennsylvania and states that have enacted similar legislation are sending an important message

Treasurer McCord: Gov. Corbett Has Now Paid Lottery Privatization Consultants, Law Firms More Than $3.4 Million

McCord calls on Gov. Corbett to end flawed and wasteful privatization effortPhiladelphia – 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. “If that $3.4 million were a stack of $1 bills, it would be taller than the Comcast Building – the tallest building in Pennsylvania,” said McCord. “That towering stack of money is Lottery Fund money – money that

Treasurer McCord Commemorates 9-11 Anniversary

Terrorist attacks occurred 12 years agoHarrisburg – 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. “We remember in our prayers the innocent victims of the terrorist attacks – and extend our condolences once again to their loved ones. We give thanks for the bravery of the first responders who

Treasurer McCord Expresses Sympathy on the Death of E. Steven Collins

Radio executive and host was outstanding community leaderHarrisburg – 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."Mr. Collins was an inspirational leader whose service to the community in and around Philadelphia was immeasurable. If you met E., you knew this was a special guy. He was dedicated to bringing people together in a constructive way to

Savings Alert! Save for College with the PA 529 Guaranteed Savings Plan before Higher Tuition Rates Take Effect September 1

Treasury offering free enrollment in the PA 529 GSP, chance to win $529 scholarshipHarrisburg – 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. “With parents and children rushing to get ready for the new school year, I hope they will add ‘college savings’ to their back-to-school tasks,” Treasurer McCord said. “Now is a great

Treasurer McCord Commends President for Focus on Higher Education

Cuts to schools’ funding have burdened Pennsylvania studentsHarrisburg – 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. “This is an important issue, particularly for Pennsylvania students who face higher tuition because of the Corbett Administration’s significant cuts to state-owned and state-related schools,” McCord said. “

Treasurer McCord Lowers Fees Nearly 30% for PA 529 Guaranteed Savings Program

Encourages families to save before higher tuition rates take effect September 1Harrisburg – 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. “Since taking office, I have worked hard to ensure that the PA 529 College Savings Program would be one of the top programs in the nation. The Pennsylvania 529 Guaranteed Savings Plan, in particular, continued its

Treasurer McCord: Bond Rating Drop Another Sign of Bad Corbett Economy

Administration policies are failing to address Pennsylvania fiscal problemsHarrisburg – 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. “In dropping the state from AA-plus to an AA rating for general obligation bonds Tuesday, Fitch cited the unfunded liability of the state’s two major pension systems, the structural imbalance of the budget, and the lack of

PA Treasurer McCord: Notification Letters On The Way to 60,000 Potential Property Owners

Letters are not junk mail, Treasurer warns; residents could have unclaimed property they can claim for free via patreasury.govHarrisburg – 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. “Treasury’s Return Team has used many methods to locate the owners of more than $456 million in unclaimed property since I took office in January

There are no items matching the current filter
There are no more items matching the current filter
Back to top