Administrators lobbied legislators to allow them to retain and use capital credits that become unclaimed. Policy is determined by administrators and faulty policy creates unclaimed property.
An effort to “retain” and use unclaimed property reveals a desire to take from members rather than return margins or save for members. Such a mindset will likely detrimentally influence policy decisions, resulting in policy designed to make it difficult for members and former members to recover capital credits. Without the proper return of capital credits, there will be no equalization of infrastructure investments.