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Cobell Settlement: Trust Administration Class payments expected in early 2014

If the class membership is finally determined in December, the payments can then be made in the first quarter of 2014 barring any unexpected issues

The Garden City Group, the Claims Administrator for the Cobell v. Salazar Settlement, announced Dec. 2 the Trust Administration Class payments are expected to be mailed in early 2014.

The Settlement Agreement, approved by Congress and the Courts, requires identification of all Trust Administration Class Members and calculation of their respective pro rata shares by the Department of the Interior before GCG can mail Trust Administration Class payments, according to a prepared release. That work is ongoing and is nearly complete.

After the membership of the Trust Administration Class is finalized, it will take the Interior approximately a month to complete the calculations for the over 500,000 Trust Administration Class Members. Once GCG receives those calculations and the Court approves the Second Stage Distribution, GCG will quickly prepare and commence distribution within three weeks.

If the class membership is finally determined in December, the payments can then be made in the first quarter of 2014 barring any unexpected issues. 

According to the prepared release, all parties are doing everything possible to issue the Trust Administration payments as soon as possible. Any questions can be directed to the below:

Indian Trust Settlement
P.O. Box 9577
Dublin, OH 43017-4877
By Phone: 800-961-6109
By Email: Info@IndianTrust.com