Oct 09

Abandoned money in North Carolina is lying with the state as unclaimed property proceeds . The state estimates that around $600million worth unclaimed assets are under their custody. The unclaimed property amount has doubled in nine years from $255 to $600.This belongs to 1.4 million missing owners. State’s treasury takes rightful efforts to locate and notify the owners and help them claim their unclaimed property. Roughly there is one in eight chances that a resident of North Carolina has unclaimed property proceeds. As per the state’s constitution the interest earned on unclaimed property goes to needy, worthy public universities in North Carolina and community college students.

Property holders like banks & insurance company’s declare abandoned assets unclaimed if following conditions are met:

  • Account is left abandoned for 5 or more years without any transaction
  • Bank has not been able to communicate to the owner
  • Property proceeds are worth $50 or more
  • Unclaimed assets does not include real property like cars, boats, trucks and land etc

Potential claimants cannot file claim by email or online. They have to be reported and filed by mailing the documents and duly filled claim forms to unclaimed property program, Raleigh. State has been able to return $39 million to its rightful owners.

State of North Carolina has ensured in resident’s harmony. One such initiative has been investing the interest earned on unclaimed property in State Educational Assistance Authority (SEAA). This fund is used to pay student loans and student scholarships for the state college students of North Carolina. Around 90,000 students were benefitted from this program in the current fiscal.

State organizes events and fairs to assist people in locating their unclaimed property. Once you confirm that state owes you, fill up the claim form and send across the documents to the treasurer’s office. Rightful claimant will get his money within 60-90 days.

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Jul 26

Most ladies who have reached top management positions, more really have kids and consider their private life as significant as their career. So is “lack of flexibility” really a factor? Or could it be that women are smarter about handling private and work life? In a study of executive males and females conducted by Families and Work Institute, Catalyst, and Boston School Center for Work and Family it was found that one in 4 managers reduced their hopes to reach top management, 34% of girls vs 21% of men.

The most significant reason listed was  the sacrifices you make in your private or family life. Company America must develop a method to permit staff more suppleness with balancing the work and private life equilibrium than during the past, or they could find they’ve lost their gifted executives. The startling truth is that those baby boomers at the top end of the range have just started to tip toward retirement. Firms will lose their management talent whether or not they like it or not, so there has to be motivations for talent to remain.

Almost 3 in 10 — 29% — plan to leave in five years or less but not retire, women much more than men, maybe because ladies managers are younger roughly than men.”.

So, will this trend mean that more companies will start to have to open their doors to ladies in top management? We think so. This is good news for ladies, but now the issue is : How does the companies keep them? It is sensible to start including girls in these consultations with top management, because they may lead the way in the development of the new flexible establishment. It’ll be interesting to see the ensuing new age establishment, after girls not only start to have more input, but also more power.

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