Originally Posted by
flyerCO
It's only become a liability if person wants to redeem it. If they don't know they have funds, DL can earn interest on it/gets interest free loan.
Actually, I know in the case of my employer insurance company, it remains a liability the entire time until the funds are eschated. Occasionally we'll have someone call us to say they've found a uncashed check from years ago that had been lost and forgotten about and can we reissue it. There is a process that takes several days for us to pull the money back from the State (unescheat the funds) and once we have the money back, then can reissue the recipient a fresh check. I'm sure in the case of an airline the money is still kept in a liability ledger and it's not earning the airline any interest. It's a liability regardless of someone asking for the money. It appears Delta wants to get the liability off their books by escheating the funds.