indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+
ph: 202 630 8439   fax: 202 318 2182
Fredericks Peebles & Morgan LLP
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Second payout from Cobell settlement expected in the fall

Filed Under: Cobell
More on: doi
   

The second payment from the $3.4 billion Cobell trust fund settlement is expected this fall, Indian beneficiaries were told today.

The first payment of $1,000 went out in December. A total of 327,957 beneficiaries qualified for the historical accounting portion of the settlement, according to information presented during a webinar / conference call.

The second payment covers the trust administration portion of the settlement. This class is turning out to be a much larger group of people -- nearly 470,000 beneficiaries.

The minimum payment for the trust administration class is $800. Many people will receive more, based on the level of activity in their Individual Indian Money (IIM) account.

Most of the members of the historical accounting class are also in the trust administration class. But some Indian beneficiaries needed to submit claim forms to determine eligibility for the second payment.

Some 378,941 people, in fact, submitted claims by the March 1 deadline, according to information presented during the webinar. Determination letters were mailed to all of them on May 1.

Of those who sent in claims, 111,964 were deemed to be eligible for the trust administration class payment. Another 191,448 were told they need to submit more information.

Some 73,500 were claims submitted by the heirs of a deceased beneficiary. Another 1,002 were determined to be non-class members while 800 more were submitted too late or were excluded altogether.

Those who were told to submit more information must do so by July 1. A second determination will be mailed by August 1.

Those who wish to appeal the second determination must do so by September 4. Final decisions will be made by Richard A. Levie, a former federal judge who has been appointed as special master.

The timeline was established to give beneficiaries the "maximum opportunity" to prove they are members of the trust administration class, Jennifer M. Keough of the Garden City Group said on the webinar. The Garden City Group was appointed by the court to distribute the settlement.

The second payment won't go out until all of the class members are determined, Keough added.

The webinar / conference call lasted about 50 minutes. Audio can be found below:

>


Copyright © Indianz.Com
More headlines...
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Native Sun News: Sisseton Wahpeton fighter gets big chance (4/22)
Native Sun News: Pine Ridge man behind Revolution Couture (4/22)
CDC reports show high death rates among Native Americans (4/22)
DOI Secretary Sally Jewell delivers keynote at tribal summit (4/22)
DOI Deputy Secretary Mike Connor hosts Earth Day webchat (4/22)
Winona LaDuke: Tribes won't see benefits from Keystone XL (4/22)
Photos: Cowboy Indian Alliance rides to National Mall in DC (4/22)
Alray Nelson: Bring marriage equality to the Navajo Nation (4/22)
Steven Newcomb: UNDRIP falls into domination framework (4/22)
DaShanne Stokes: 'Indian' mascots carry harmful impacts (4/22)
Wendell George: Little Joe connects with his tribal heritage (4/22)
Peter Twitchell: Stop passing the buck on our Yup'ik culture (4/22)
Murray Sinclair: Effects of residential school era will linger (4/22)
Wyoming tribes share per cap from $157M trust settlement (4/22)
Navajo Nation Council reconsiders higher tax on junk foods (4/22)
Choctaw Nation Chief Greg Pyle set to retire after 17 years (4/22)
Opinion: Maps represent destruction of Native people in US (4/22)
Oneida Nation to host PGA championship at resort in 2016 (4/22)
Blog: Climate change impacts Tla-o-qui-aht First Nations (4/22)
Supreme Court holding onto ruling in Bay Mills casino case (4/22)
Paskenta Band says leadership issues won't affect casino (4/22)
Forest County Potawatomi Tribe on track with casino hotel (4/22)
Deadline approaches for commercial casinos in New York (4/22)
Native Sun News: Keystone XL Pipeline foes headed to DC (4/21)
Native Sun News: Shoni Schimmel is a role model for youth (4/21)
Senate Indian Affairs Committee to hold hearing on energy (4/21)
Supreme Court takes no action on Indian tobacco petition (4/21)
Linda Capps: Citizen Potawatomi Nation is a good neighbor (4/21)
Bryan Brewer: Supreme Court discriminates against tribes (4/21)
Michell Hicks: Eastern Cherokees return to gardening roots (4/21)
Lisa Charleyboy: Still looking for love under the Indian Act (4/21)
Kiara Imani Williams: Tribal ID dismissed in nation's capital (4/21)
Henry Louis Gates: The myth of African and Indian ancestry (4/21)
DOI looks to spend $2.55M on Makah Nation land buy-back (4/21)
Pascua Yaqui Tribe faces a test of jurisdiction under VAWA (4/21)
State Department needs more time to review Keystone XL (4/21)
Fracking trucks take water from North Dakota reservation (4/21)
Lens Blog: An Indian from India meets Indians from the US (4/21)
Alaska Legislature passes Native language recognition bill (4/21)
Alaska Natives seek return of property for museum at Yale (4/21)
Opinion: Double standard in treatment of Shoshone sisters (4/21)
Column: Frank Waln blends Native traditions with hip-hop (4/21)
Native man's murder trial delayed due to jury roll problem (4/21)
Minneapolis city council to vote on Columbus Day change (4/21)
Opinion: Washington NFL team makes money off racial slur (4/21)
Los Coyotes Band praises action on off-reservation casino (4/21)
Aquinnah Wampanoag Tribe cites ruling in gaming lawsuit (4/21)
Mohegan Tribe reports decline in casino revenue and profit (4/21)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.