Home > SD 2014 Ballot, South Dakota > Democrat State Treasurer candidate Denny Pierson talking about his top priority

Democrat State Treasurer candidate Denny Pierson talking about his top priority

October 19, 2014
Denny Pierson speaking in Aberdeen. Photo by Ken Santema 10/17/14

Denny Pierson speaking in Aberdeen. Photo by Ken Santema 10/17/14

Denny Pierson, the Democrat candidate for State Treasurer, was in attendance at the Brown County Democrat lunch last week. In the State Treasurers race he is running against incumbent Republican Rich Sattgast and Libertarian newcomer Ken Santema (that’s me by the way, but I am always nice so I’ll treat this post as if I’m not in the race). After the lunch I took the opportunity to sit down and speak with Pierson about his top priorities if he is elected to serve in Pierre.

Pierson said he would like to change how unclaimed property works. He would like to make it easier for people to get connected with their property. To do that he would try to make every County Treasury office an extension of State Treasurer in dealing with Unclaimed Property. He stated that he doesn’t mean the Treasurer would be in charge of all functions of the County Treasurers office. But he would have one person trained in each County Treasurers office that could help people with claim forms right there in each county. He says that would localize the process for people to get their money back from the state. It would be much more convenient than mail for people to have an option to visit their local county courthouse. That would meet an overall goal he has to make it less cumbersome to claim Unclaimed Property. This initiative would also be part of his goal to reduce the total amount of money in the unclaimed property fund to twenty percent of what it is today.

I then asked Pierson about the change of the State moving from five to three years in taking unclaimed property. He said the move was wrong, and believes if the powers in Pierre can get away with it they will be taking the money in one or two years. Pierson would like to go back to five years before taking people’s money. He understands he would have to work with the legislature to make that change. But he would lobby hard in the legislature as the State Treasurer to get that changed back to the longer time-period.

Pierson’s last priority was to educate the public about Unclaimed Property. He would like to have Public Service Announcements (PSAs) monthly if possible to let people know about unclaimed property and get the names of people out there that are on the list. To extend his idea of working with the County Treasurers, he says the lists should also be available for viewing at the County Courthouses.

Pierson is an interesting entry into this race. His idea of expanding the Unclaimed Property area of the State Treasurers office to County Treasurers is interesting. I haven’t looked deep enough into to see whether it is a workable idea yet, but I will admit it is something worth discussing. I think the Democrats may have chosen well when putting Pierson on the ballot for State Treasurer.

  1. Merlyn Schutterle
    October 19, 2014 at 9:01 pm

    I didn’t know you were running. Maybe I can get an absentee ballot now.

  1. No trackbacks yet.
Comments are closed.
%d bloggers like this: