Written Statement on Transfers of Uncashed Checks from ERISA Plans to State Unclaimed Property Programs

This document is about NAUPA providing supplemental written testimony to the U.S. Department of Labor's 2019 Advisory Council on Employee Welfare and Pension Benefit Plans. The testimony addresses NAUPA's perspectives on the utility of state unclaimed property programs in handling uncashed retirement plan checks, including responding to concerns raised by other stakeholders and providing additional details on state claim rates, interest payments, indemnification, reporting, and other program characteristics.