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
Health Coverage for American Indians and Alaska Natives
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:
Obama hosts his final White House Tribal Nations Conference (9/27)
More tribes settle trust fund lawsuits as Obama era nears end (9/27)
Memorandum of understanding for treaty rights in the works (9/27)
White House: Indigenous voices in the Obama administration (9/27)
President Obama praises Comanche Nation woman in speech (9/27)
Lakota Country Times: Clinic for Native veterans shut down (9/27)
Native Sun News Today: Statue brings community together (9/27)
Delphine Red Shirt: Start the healing process for our people (9/27)
Editorial: Newspapers shouldn't be beholden to government (9/27)
Albert Bender: Spill confirms fears on Dakota Access Pipeline (9/27)
Sierra Club: More review needed for Dakota Access Pipeline (9/27)
Remarks by Obama at White House Tribal Nations Conference (9/26)
President Obama signs bill to promote Native tourism into law (9/26)
Lakota Country Times: #NoDAPL lands before United Nations (9/26)
Native Sun News Today: Rosebud Sioux group celebrates win (9/26)
Clara Caufield: Look around because Indians are everywhere (9/26)
Rodney Butler/Kevin Brown: Tribes committed to new casino (9/26)
Gyasi Ross: Obama's legacy on the line with Dakota pipeline (9/26)
Steven Newcomb: Statue on Kumeyaay territory based on lie (9/26)
Peter d'Errico: Book encourages return to a 'tribal' way of life (9/26)
Review: 'Inspiring' documentary about Elouise Cobell's battle (9/26)
More California tribes welcome labor unions at gaming facilities (9/26)
Ho-Chunk Nation starts work on major casino expansion project (9/26)
Obama administration asks tribes about infrastructure projects (9/23)
House passes measure to combat illegal sale of tribal property (9/23)
Mike Rounds: Righting historical wrongs against Native citizens (9/23)
Indian Health Service names new medical officer in Great Plains (9/23)
Interior Department finalizes rule for Native Hawaiian relations (9/23)
Native Sun News Today: Democrat accepts invitation to debate (9/23)
Jeffrey Whalen: A failed experiment in socialism at Pine Ridge (9/23)
Mary Annette Pember: A young boy's journey to Standing Rock (9/23)
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.