indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Kill The Tobacco Master Settlement Agreement
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...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Indian Country cheers historic decision on Dakota Access Pipeline (12/5)
Tribes and Dakota Access headed back to court for hearing in D.C. (12/5)
Sen. Heidi Heitkamp again parts with Indian Country on #NoDAPL (12/5)
Dave Archambault: Standing Rock Sioux Tribe thanks many allies (12/5)
Mark Trahant: Standing Rock Sioux Tribe continues to defy history (12/5)
Democracy Now: Thousands of veterans deploy to Standing Rock (12/5)
Dana Lone Hill: Lakota prophecy warns of our water turning black (12/5)
James Giago Davies: Finding the real enemy in the #NoDAPL fight (12/5)
Senate committee ready for hearing on Cobell buy-back program (12/5)
Bureau of Indian Affairs extends comment period on probate rule (12/5)
Native American Farming and Ranching panel gets new members (12/5)
Class III gaming compacts for five tribes in California take effect (12/5)
Lakota Country Times: 'Tanka Bar' company recognized as leader (12/5)
Native Sun News Today: Northern Cheyenne leaders inaugurated (12/5)
Harlan McKosato: Don't believe everything you read on Facebook (12/5)
Dina Gilio-Whitaker: Why election was dangerous for Indian people (12/5)
Indian Republicans associated with Trump seek trust land changes (12/5)
Quinault Nation prepares for journey to Standing Rock encampment (12/2)
Doug George-Kanentiio: Iroquois prophecies warn of grave dangers (12/2)
Brandon Ecoffey: Media gets it wrong on Dakota Access frontlines (12/2)
Bronson Koenig: What I found during my journey to Standing Rock (12/2)
Timothy Egan: Fake cowboys cheered while the real Indians suffer (12/2)
Lakota Country Times: Laced marijuana finds its way to Pine Ridge (12/2)
Native Sun News Today: Owner of Wounded Knee site lowers price (12/2)
David Ganje: An opportunity for tribes to clean up their homelands (12/2)
Mary Annette Pember: Tribal member arrested for string of arsons (12/2)
Tiffany Midge: The women are here and we have a message for you (12/2)
Standing Rock Sioux Tribe calls for safety as veterans head to camp (12/1)
North Dakota sheriff scrubs Facebook of incriminating information (12/1)
Sen. Heidi Heitkamp considers role in Donald Trump administration (12/1)
Daniel Brown: Ho-Chunk Nation celebrates a new day in Wisconsin (12/1)
Lakota Country Times: #NoDAPL kitchen in need of more supplies (12/1)
Native Sun News Today: Standing Rock Sioux Tribe summons allies (12/1)
Vi Waln: Sacred fire burns at Oceti Sakowin camp in North Dakota (12/1)
Ivan Star Comes Out: Veterans at Standing Rock for the good fight (12/1)
Native Sun News Today: Duane Big Crow relishes role in coaching (12/1)
Clara Caufield: Community at Northern Cheyenne stays connected (12/1)
Steven Newcomb: A message to the Donald Trump administration (12/1)
Alaska Native designer brings subsistence fashion to new audience (12/1)
Tohono O'odham Nation and state remain at odds in casino dispute (12/1)
United Keetoowah Band won't talk about plans for potential casino (12/1)
Wilton Rancheria continues to face mysterious opposition to casino (12/1)
Non-Indian firm set to open $1.3B casino outside of nation's capital (12/1)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | 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.