$37-Million Check
The article about the lost check for $37.6 million (May 2) was quite revealing. Apparently, the state does not transmit money electronically in all situations, although electronic transmission is used to pay state retirees and the federal government pays Social Security benefits in the same manner.
An incorrect address appears to have been the culprit. It was enlightening to note that the lost interest, approximately $35,000 for a week at 5%, was considered of no consequence. Not a princely sum, but it would pay someone’s salary for a year. It is unbelievable that the state with the most advanced technology is so backward in its use.
HELEN M. MUES
Mission Viejo
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
