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
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...
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:
Tribes mount another fight after Trump approves another pipeline (3/24)
Native Sun News Today: Navajo elders continue long fight on land (3/24)
Editorial: Just another day of trying to keep up with the Trumps (3/24)
Elizabeth LaPensée: Video games encourage indigenous culture (3/24)
Mary Annette Pember: Native women work with youth offenders (3/24)
Tiffany Midge: Trump continues to conjure hero Andrew Jackson (3/24)
John Kane: Seneca Nation money train coming to end in New York (3/24)
Grand Ronde Tribes secure approval of school mascot agreement (3/24)
Editorial: Federal recognition for tribes in Virginia is long overdue (3/24)
Seneca Nation ends casino payments after sending $1.4B to state (3/24)
Appeals court hears slew of Indian cases amid focus on nominee (3/23)
Internal tribal disputes continue to trip up federal court system (3/23)
Mark Trahant: Indian health care gains ignored in political debate (3/23)
Native Sun News Today: Young fighters maintain Lakota tradition (3/23)
Ivan Star Comes Out: America loses its self-respect and humanity (3/23)
Rosalyn LaPier: Why water remains sacred to indigenous peoples (3/23)
Winona LaDuke: North Dakota spreads filth about water protectors (3/23)
Harold Monteau: Tribal governments are abusing their own people (3/23)
Alex Jacobs: Donald Trump in middle of the 'deep state civil war' (3/23)
Secretary Zinke announces 'doggy days' for Interior Department (3/23)
Keystone XL Pipeline route crosses Ponca Tribe's forced removal (3/23)
Indian lawmaker resigns after being charged for child prostitution (3/23)
Pinoleville Pomo Nation buys site of long-delayed casino project (3/23)
High court pick acknowledges poor treatment of 'sovereign' tribes (3/22)
Dakota Access submits another status update entirely under seal (3/22)
Court allows claim for alleged underpayment in Cobell settlement (3/22)
South Dakota tribes continue to extend Class III gaming compacts (3/22)
Cowlitz Tribe secures approval to offer liquor as casino debut nears (3/22)
Native Sun News Today: Community project continues at Pine Ridge (3/22)
Cronkite News: Copper mine on sacred site complains about delays (3/22)
Mary Annette Pember: Awareness for missing and murdered sisters (3/22)
Stacy Pratt: Visiting the gravesite of Andrew Jackson in Tennessee (3/22)
Murder charge filed for fatal shooting of Navajo Nation police officer (3/22)
Muckleshoot Tribe still seeking answers for fatal shooting by officer (3/22)
Hopland Band submits claim for county raid of marijuana operation (3/22)
Chukchansi Tribe sued for $21M by gaming development company (3/22)
Seminole Tribe accused of breaking contract with outlet at casino (3/22)
Indian Child Welfare Act survives attack from conservative groups (3/21)
Senate Committee on Indian Affairs schedules hearing on diabetes (3/21)
Ponca Tribe hosts 282-mile walk to retrace trail of forced removal (3/21)
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.