Contact Information Concerning Unclaimed Property Escheated to States
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State Treasurers Urge More Drug Companies to Help Fight Opioid Epidemic
FOR IMMEDIATE RELEASE CONTACT: September 5, 2017 Paris Ervin 217.524.5749 Greg Rivara 312.814.1901 State Treasurers Urge More Drug Companies to Help Fight Opioid Epidemic Accountability Sought at Cardinal Health and AmerisourceBergen September 5, 2017 – Drug companies Cardinal Health and AmerisourceBergen must act to address the heroin and opioid epidemic or face potential financial consequences in their stock prices, state treasurers from Illinois, Pennsylvania, West Virginia and California said today. In letters sent to both companies, the coalition of state treasurers urged the nation’s second and third largest drug distributors to take concrete steps to alleviate the heroin and opioid epidemic. Should no action be taken, each treasurer’s office would re-evaluate its financial position in the companies and strongly encourage other institutional investors to do the same. This is the second wave of actions taken by treasurers seeking greater accountability at pharmaceutical companies in the wake of the nation’s spiraling opioid crisis. In July, treasurers from West Virginia, Pennsylvania and Illinois penned a letter to drug distributor McKesson Corp. asking the company to take specific steps to address the epidemic and protect shareholder value. Days later, McKesson announced it would split the roles of Board Chair and CEO, a move applauded by the treasurers and other investors seeking more oversight and accountability at the company. “Heroin addiction is tied directly to the overuse of opioid painkillers, and the overuse of opioid painkillers is tied directly to Big Pharma,” Illinois State Treasurer Michael Frerichs said. “The industry needs to acknowledge its role in this crisis and take immediate action if we have any hope to save lives and stop this national crisis.” “The opioid epidemic has affected every community across Pennsylvania in some way, forever changing the landscape and the lives of our families, friends and neighbors,” Pennsylvania State Treasurer Joe Torsella said. -
Facimile Cover Sheet
VERMONT PENSION INVESTMENT COMMITTEE OCTOBER 23, 2018 DRAFT; NOT YET APPROVED BY COMMITTEE VPIC Members Present: TOM GOLONKA, CHAIR BETH PEARCE, VICE-CHAIR, Vermont State Treasurer VAUGHN ALTEMUS, Governor’s Delegate, term expiring June 30, 2018 KAREN PAUL, Governor’s Delegate, term expiring June 30, 2018 PETER AMONS, VMERS Representative, term expiring June 30, 2022 JOSEPH MACKEY, (phone) VSTRS Representative, term expiring June 30, 2019 ROBERT HOOPER, VSERS, term expiring June 30, 2020 VPIC Members Absent: VPIC Alternate Members Present: LINDA DELIDUKA, VSTRS Alternate, term expiring June 30, 2019 KIMBERLY GLEASON, VMERS Alternate, term expiring June 30, 2022 JEFF BRIGGS, VSERS Alternate, term expiring June 30, 2020 VPIC Alternate Members Absent: DAVID STARR, Governor’s Delegate Alternate, term expiring June 30, 2020 Also attending: Eric Henry, Chief Investment Officer Katie Green, Investments Manager Andy Cook, Investments Analyst Margaret Belmondo, Will Forde, Tim Bruce & Michael Manning (phone), NEPC, LLC David Borsykowsky & Jesse Moorman, Vermont Attorney General’s Office Prof. Fritz Burkhardt, Zachery Burnham, David Dalton, Victor DeBouter, Jon-Patrick Fitch, Marguerite Frizzell, Amber Ghera, Erin Landry, Trent Loehle, Hari Luitel, Evan Phippen, Jessica Priesing, Elijah Rubin, Champlain College CALL TO ORDER: The Chair called the Tuesday, October 23rd meeting to order at 8:30 am, which was held in the 4th Floor Governor’s Conference Room, 109 State Street, Montpelier, VT. ITEM 1: Agenda Approval and Announcements 1 Page 2 of 5 VPIC Regular Meeting October 23, 2018 The Chair reviewed the agenda with the Committee and asked if any members of the Committee would like to add or amend any agenda items. -
Role of State Treasurers Expanded During the Great Recession by Lisa S
TREASURERS Role of State Treasurers Expanded During the Great Recession By Lisa S. Cleveland The nation’s state treasurers provide a wide range of financial management services to their constituents. They work to safeguard the financial interests of citizens through the professional management of college savings plans, unclaimed property programs and professional debt management efforts. Many are also actively involved in financial literacy efforts and they regularly offer their input and expertise on financial efforts at the federal level that have the potential to impact state treasuries. Public finance officials “are accustomed to the nonprofit, nonpartisan National Association of working in the trenches,” said Utah State Treasurer State Treasurers, also known as NAST. Richard Ellis, 2014 president of the National Asso - Ellis has said one of his goals for 2014 is to con - ciation of State Treasurers. tinue to raise the profile of NAST and the concerns What he means is that state treasurers are often of state treasurers in Washington, D.C. Treasurers intimately involved in the day-to-day development are actively involved in a myriad of issues at the of their state’s public finance decisions. They handle federal level, including: a wide variety of issues, dealing with everything from pension plans and debt management to the Tax Reform and Its Effect on States investment of public funds and the administration For the past 18 months, the nation’s treasurers have of college savings plans. In many states, treasurers been monitoring congressional discussions about also provide an important consumer protection tax reform and have expressed their concerns function through the administration of unclaimed about proposed federal legislation that would property programs. -
Chiang Joins State Treasurers in Urging Companies to Help Fight
FOR IMMEDIATE RELEASE PR 17:47 Contact: Marc Lifsher Sept. 5, 2017 [email protected] 916-653-2995 Chiang Joins State Treasurers From Illinois, Pennsylvania, West Virginia in Urging Companies to Help Fight Opioid Epidemic Accountability Sought at Cardinal Health and AmerisourceBergen SACRAMENTO – State Treasurer John Chiang today joined state treasurers from Illinois, Pennsylvania and West Virginia in urging drug companies Cardinal Health and Amerisource Bergen to address the heroin and opioid epidemic or face potential financial consequences in their stock prices. Read the full news release below, along with the letters sent to both companies: September 5, 2017 – Drug companies Cardinal Health and AmerisourceBergen must act to address the heroin and opioid epidemic or face potential financial consequences in their stock prices, state treasurers from Illinois, Pennsylvania, West Virginia and California said today. In letters sent to both companies, the coalition of state treasurers urged the nation’s second and third largest drug distributors to take concrete steps to alleviate the heroin and opioid epidemic. Should no action be taken, each treasurer’s office would re-evaluate its financial position in the companies and strongly encourage other institutional investors to do the same. This is the second wave of actions taken by treasurers seeking greater accountability at pharmaceutical companies in the wake of the nation’s spiraling opioid crisis. In July, treasurers from West Virginia, Pennsylvania and Illinois penned a letter to drug distributor McKesson Corp. asking the company to take specific steps to address the epidemic and protect shareholder value. Days later, McKesson announced it would split the roles of Board Chair and CEO, a move applauded by the treasurers and other investors seeking more oversight and accountability at the company. -
Treasury Management Training Symposium
2015 Treasury Management Training Symposium May 12-15, 2015 | Westin Kansas City at Crown Center | Kansas City, MO Kelmar is a resource for state government, providing services and support to unclaimed property departments for all of your operational needs, including: ■ Seamless integration of every aspect of your unclaimed property program, from holder reporting to claims processing. ■ Ensuring the highest level of data security and risk management, using new generation proprietary software that is unmatched in the marketplace. ■ Strengthening internal controls, while maximizing the effectiveness of your program for Holders and Rightful Owners alike. ■ Getting more done with less by streamlining operations and leveraging technology to reunite more rightful owners with their property. Kelmar − Your Partner in Unclaimed Property Resources A MESSAGE FROM NAST’S PRESIDENT Welcome to the 2015 National Association of State Treasurers (NAST) Treasury Management Training Symposium! It is my great pleasure to serve as NAST President for 2015. Your continued support and attendance at this conference as well as October’s Annual Conference in Nashville, Tennessee are sure to make this a successful year for the organization. Special thanks go out to Kansas Treasurer Ron Estes and Missouri Treasurer Clint Zweifel and their staffs for their great help in orchestrating this week’s conference. NAST is happy to spend time this week on both sides of the border, experiencing the hospitality of Kansans and Missourians alike. So far, 2015 has seen NAST increase its presence in national media, complete its transition to a stand-alone organization, revamp its staff and provide greater focus to its communications efforts. -
Download a PDF of All States
Financial Education Fact Sheet Series: ALABAMA Financial wellness programs in the state include academic requirements, interactive games, and college savings accounts. nast.org/financialwellness/census Career Preparedness Financial Football Beginning with the 2013-2014 academic year, Through a partnership among State Treasurer the Department of Education implemented John McMillan’s office, Visa Inc., the National the Career Preparedness required course of Football League, and Regions Bank, all middle instruction. The areas of instruction include schools and high schools in the state have academic planning and career development, access to Financial Football, a football-themed financial literacy, and technology. The courses game that includes financial education specific to financial education encompass questions based on real life scenarios. managing finances and budgeting, saving and investing, banking and financial institutions, credit and debt, and risk management and insurance. Additional Educational Savings Account Opportunities Programs State Treasurer John McMillan’s office is working State Treasurer John McMillan’s office to enhance financial literacy educational currently offers several projects that opportunities beyond the required courses of support and incorporate elements of study. This is being pursued in collaboration with financial literacy, including the CollegeCounts the Department of Education, Governor’s Office, 529 college savings program and Enable state banking associations, and other key groups Alabama’s ABLE program. -
Finding Lost Insurance Policies and Other Valuables
FRM-RHF.126 Finding Lost Insurance Policies and Other Valuables There is over $41.7 billion in unclaimed money and property in the United States. The Kentucky State Treasury alone holds more than $100 million in unclaimed property, just waiting to be found by the owners. This accumulation of money and property comes from banks, insurance companies, stocks, bonds, jewelry and other properties that are unclaimed or whose owners cannot be located. Also, the IRS has billions of dollars in unclaimed refunds. Searching for money can be easy and fun if you know what to do. State Treasury If you do not have Internet access, call the State Treasurer’s office at (800) 465-4722 to request a search, or send a request in writing to: Kentucky State Treasurer’s Office 1050 US Highway 127 South Suite 100 Frankfort, Kentucky 40601 Useful Web sites for tracking down unclaimed property include http://missingmoney.com and Each state has an office that collects http://www.unclaimed.org provided by unclaimed property. The Kentucky State the National Association of Unclaimed Treasurer provides a simple way of Property Administrators. Both sites offer searching for lost property. On their Web information free of charge and will site, you can type in a name to search connect you to unclaimed property Web their database. If you find a match, you sites for each state, as well as national can follow directions provided on the site unclaimed property Web sites. for completing the necessary paperwork to collect your lost property. Unclaimed Life Insurance • Ask past employers about group Benefits insurance the deceased may have purchased. -
Vermont Treasurer, Others Call on SEC to Strengthen Disclosure of Private Equity Expenses to Limited Partners
Wednesday, July 22, 2015 Vermont Treasurer, others call on SEC to strengthen disclosure of private equity expenses to limited partners Vermont Business Magazine. A coalition of State and City Treasurers and Comptrollers, including Vermont Treasurer Beth Pearce, sent a letter yesterday to Securities and Exchange Commission (SEC) Chairwoman Mary Jo White asking the Commission to adopt new rules requiring greater transparency from private equity managers when disclosing fees and expenses to limited partners. The bipartisan group, which represents 13 public pension funds overseeing approximately $1 trillion in assets, asked the SEC to require the clear and consistent disclosure of fees and expenses which are often hidden in complicated, and even opaque, reporting systems. The letter also requested that the SEC require private equity firms to disclose information relating to fees and expenses quarterly, rather than on an annual basis, and called for an industry-wide standard for reporting. The letter notes that, of the four types of private equity firm expenses, only one – directly billed management fees – is regularly provided to investors. The other three – fund expenses, allocated incentive fees and portfolio-company charges – are often reported deep in annual financial statements, and only on an annual basis. The coalition’s goal is to compel private equity firms to provide consistent and comparable fee disclosures. Every stakeholder, from the SEC to institutional investors and those who set accounting standards, must play a constructive role in helping public pension funds meet their fiduciary obligations. However, the SEC is in the best position to take common-sense steps to standardize how fees are determined and disclosed. -
NAST State Treasury Profiles 2013
NAST State Treasury Profiles 2013 www.nast.org Copyright 2013 NatioNal assoCiatioN of state treasurers the Council of state Governments 2760 research Park Drive P.o. Box 11910 lexington, KY 40578-1910 www.nast.org special thanks treasury profile information for this publication was submitted by treasury office staff. Table of Contents IntroDuCtioN ............................................................................................................................iv About NAST ..................................................................................................................................v NAST affiliates ..........................................................................................................................vi 2013 NAST CoNferences ...................................................................................................... vii 2013 NAST exeCutive Committee ................................................................................... viii alPhaBetiCal list .................................................................................................................... 1 treasurY Profiles, alaBama – WYoming .................................................................... 2 AppendiCes treasurY CoNtaCt InformatioN ..........................................................................................................103 state treasurers, 1976–PreseNt ...........................................................................................................107 NAST staff memBers.................................................................................................................................... -
State Treasurers
NATIONAL ASSOCIATION OF STATE TREASURERS. August 29, 2014. Department of the Treasury Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218, Mail Stop 9W-11 Washington, DC 20219. President Attn: Legislative and Regulatory Activities Division Richard Ellis, UT. Docket ID OCC-2013-0016. Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551. Attn: Robert deV. Frierson, Secretary Docket Number R-1466. Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429. Attn: Comments / Legal ESS Robert E. Feldman, Executive Secretary 2760 Research Park Drive RIN Number 3064-AE04. PO Box 11910 Lexington, KY 40511. P (859) 244-8175. F (859) 244-8001. The National Association of State Treasurers ("NAST") is a bi-partisan association that is comprised of all state treasurers, or state finance officials with comparable responsibilities, from the United States, its commonwealths, territories, and the District of Columbia. The National Association of State Auditors, Comptrollers and Treasurers, is an organization for state officials tasked with the financial management of state government. NASACT's membership is comprised of officials who have been elected or appointed to the offices of state auditor, state comptroller or state treasurer in the 50 states, the District of Columbia, and the U.S. territories. www.NAST.org, On September 3, 2014, the Board of Governors of the Federal Reserve System (Board) and the Federal Deposit Insurance Corporation (FDIC) are scheduled to vote on the liquidity coverage ratio (LCR) final rule. We are very concerned and dismayed about news reports suggesting that the final rule by the Board, FDIC, and Office of the Comptroller of the Currency (OCC) (collectively, "the Agencies") may exclude municipal securities from the definition of "High Quality Liquid Assets" (HQLAs). -
TREASURY MANAGEMENT TRAINING SYMPOSIUM May 21-24, 2019 · Providence, Rhode Island
NATIONAL ASSOCIATION OF STATE TREASURERS 2019 TREASURY MANAGEMENT TRAINING SYMPOSIUM May 21-24, 2019 · Providence, Rhode Island LEADING LEARNING NETWORKING Sponsor Acknowledgements NAST wishes to acknowledge the generosity of the sponsors of the 2019 TREASURY MANAGEMENT TRAINING SYMPOSIUM TMTS Conference Sponsor Wi-Fi Sponsor Conference App Sponsor Hotel Key Card Sponsor Platinum Sponsors Taste of Rhode Island Sponsors Taste of Rhode Island Co-Chair Sponsors Gold Sponsors GOVERNMENT CONSULTING LLC Silver Sponsors Bronze Sponsors An enthusiastic supporter of the 2019 NAST Treasury Management Training Symposium, Drinker Biddle proudly serves as administrator of Delaware’s Voluntary Disclosure Agreement Program for unclaimed property compliance. We salute all Symposium attendees and acknowledge their contributions to pursuing and administering sound financial policies and programs benefiting the citizens of the nation. www.drinkerbiddle.com CALIFORNIA | CONNECTICUT | DELAWARE | ILLINOIS | NEW JERSEY NEW YORK | PENNSYLVANIA | TEXAS | WASHINGTON DC | LONDON Drinker Biddle & Reath LLP. A Delaware limited liability partnership. Dorothy E. Bolinsky and Andrew B. Joseph, Partners in Charge of the Princeton and Florham Park, N.J. o ces, respectively. Sponsor Acknowledgements 1 I am pleased to welcome you to the 2019 National Association of State Treasurers (NAST) Treasury Management Training Symposium. I would like to sincerely thank our host, Rhode Island General Treasurer Seth Magaziner. We are excited to be in Providence and grateful for the work he and his staff have done to give us such a warm welcome and make this event a success. I am deeply honored to serve as NAST President this year. NAST has been essential to me in my career, both as chief deputy treasurer as well as the Utah State Treasurer. -
Financial Education and Empowerment Committee Alabama
Financial Education and Empowerment Committee STATE TREASURY PROGRAM CENSUS By State (updated April 9, 2019) Alabama Hon. John McMillan Dedicated Financial Literacy Staff Brittany Carter, External Affairs Email: [email protected] Tel. 334-353-5169 Programs Beginning with the 2013-14 academic year the Alabama State Department of Education implemented the Career Preparedness required course of instruction. The areas of instruction include academic planning and career development, financial literacy and technology. The courses specific to financial education encompass managing finances and budgeting, saving and investing, banking and financial institutions, credit and debt, and risk management and insurance. The Treasurer’s Office is working to enhance financial literacy educational opportunities beyond the required courses of study. We are working collaboratively with the Alabama Department of Education, Governor’s Office, state banking associations and other key groups to provide additional education opportunities for Alabama students. Currently, Treasury does not have a formal governance structure or earmarked funding for financial literacy. The Office presently offers several projects that support and incorporate elements of financial literacy, including the CollegeCounts 529 college savings program and Enable Alabama’s ABLE program. Alabama Treasury provides links to Financial Literacy Sources http://treasury.alabama.gov/financial-education/ Arizona Hon. Kimberly Yee Dedicated Financial Literacy Staff Rebecca Reigelsberger, Director of External Affairs Email: [email protected] Tel. 602-542-7844 1 Mission Statement As financial literacy and money management are basic life skills that are critical for citizens to succeed in life, the Arizona Treasurer’s Office is committed to increasing the level of financial education among Arizonans.