Information about the Indian Trust Settlement (Cobell)

 

Official Indian Trust settlement website

Questions and Answers about the upcoming settlement payments

 

Land Buy Back Program for Tribal Nations

 

Indian Country Today guest opinion:
Land Buy Back Progam, important facts for landowners

 

Many of the callers and visitors to our CTUIR offices have asked about the second payments and delay---here is information that was provided to CTUIR staff :

Funding of the Indian Trust Settlement Account occurred at the end of November 2012.  All funds not used for the Historical payout are in an interest accruing account at JP Morgan Chase.  Any interest accrued on these funds will be kept within the Settlement and most likely used for land purchase and Indian Scholarship funds as there is an established formula for the payout for the Trust Administration Class that has been approved by the Court.  A specific usage of the interest accrued has not been detailed in the Settlement Agreement. For more information, please visit www.IndianTrust.com.

We have been appointed by the court to act as a third-party administrator and would be happy to answer any questions regarding the Indian Trust Settlement.  As a third-party administrator we are unable to provide information outside the scope of the Settlement.  We do not have access to the exact amount of interest that has accrued in the Indian Trust Settlement fund account at any time.

The estimated date for commencement of payment of Trust Administration Class award has been adjusted due to several factors:

  1. The original dates for distribution were estimates based on the anticipated timeline for claim determination as the Settlement Agreement provides a period for potential Trust Administration Class members to file claims.
  2. The deadlines for filing claims was extended earlier this year to provide all potential claimants a reasonable opportunity to establish eligibility to participate in the settlement, particularly for those in areas such as Oklahoma where information regarding the ownership of trust or restricted land may not be on Interior’s land records systems.  Payments cannot be made until final membership of the Trust Administration Class can be determined.
  3. The government shutdown unfortunately delayed the process and some information needed in order to make final award determinations.
  4. GCG must wait for the final information including award calculations to be received from the Interior as well as a Court Order approving the distribution before it can begin the process of cutting checks. 

As several of the components noted are ongoing and have not yet been completed, we are updating the estimated payout time frame.

If you have any questions, please do not hesitate to contact us.

Regards, Indian Trust Claims Administrator (DKJ)
www.IndianTrust.com
Toll-Free Number: 1-800-961-6109

 

TRUST ADMINISTRATION CLASS PAYMENTS
EXPECTED IN 2014

Important Update: Trust Administration Class payments are expected to be mailed in 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 ("Interior") before The Garden City Group ("GCG"), the Claims Administrator for the Cobell Settlement, can mail Trust Administration Class payments. That work is ongoing and is nearly complete.

After the membership of the Trust Administration Class is finalized, it will take 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.

Thus, 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. Please be assured that 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

 

 

Nov. 26, 2012 News Release from US Dept. of Interior - Salazar Announces Final Steps on Cobell Litigation and Implementation of Settlement

 

Nov. 15, 2012 presentation to General Council (status of Cobell and other settlements)

 

May 2012 update

May 16, 2012 update - There were no oral arguments scheduled for Tuesday, May 15, 2012, the judges will dispose|rule based on the information already presented. NO decisions have been made on the first appeal heard on 2/16/12 or the second appeal scheduled for 5/15/12. More to come when information is made available.

This website has updates and court documents to review for your information: www.chapterpdf.com

April 2012 update

March 2012 update

 

 

Indian Trust settlement website

One page summary sheet with info about the Indian Trust Settlement

Summary sheet of contacts for the Cobell issue (who to call, websites, etc.)

Steps to filing your claim

Land Buy Back Presentation - NCAI Mid-Year 2013

 

 


To contact the CTUIR staff about the Indian Trust Settlement...

mail and parcel deliveries: 46411 Timine Way, Pendleton, OR 97801

by phone: 541-429-7486

by FAX: 541-429-7486

by email: indiantrustsettlement@ctuir.org

in person: 46411 Timine Way, Pendleton, OR
(five miles east of Pendleton along Mission Road)

 

 


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