Endorsement: Dave Young has tackled the unclaimed property backlog

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Endorsement: Dave Young has tackled the unclaimed property backlog
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In 2019, Young inherited the Great Colorado Payback. The program’s growth and success in closing cases is evidence that he is managing the department deftly.

has made progress in the last four years to get Coloradans back their money, jewelry and other lost items that are in possession of the state’s unclaimed property division.

The Payback is just one small part of the treasurer’s job, but the program’s growth and success in closing cases is evidence that Young is managing the department deftly.The Republican candidate for treasurer, former state lawmaker Lang Sias, offers some important critiques of Young’s work, especially around the Secure Savings Plan.

However, we agree with Sias that the fees proposed currently to be charged to investors are too high. We do not think 100 basis points, which is 1% or 0.01 times the amount invested , is the best deal Colorado could secure for the roughly 900,000 employees who would qualify for the program.

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