How long will the SRSPF hold any unclaimed funds due me from a prior year distribution?
If a musician who is entitled to a distribution cannot be located or has not cashed an outstanding distribution check after the SRSPF has tried to find the musician, the distribution amount is held on behalf of the musician until the end of the third fiscal year following the distribution year. If the musician has still not claimed the amount by the end of the third fiscal year, it will be forfeited by the musician and added to the SRSPF’s general account for distribution to all eligible musicians as part of the next annual distribution. For example, on April 30, 2005, the unclaimed funds due to musicians from distribution year 2002 will be forfeited and redistributed to all eligible musicians as part of the 2005 annual distribution.
Related Questions
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- Why does Thrivent Financial provide capital gain distribution information for Thrivent Financial Mutual Funds prior to year end?
- How long will the SRSPF hold any unclaimed funds due me from a prior year distribution?
