I wanted to provide you with a mid-year update on the status of the Trust and address questions regarding the amount and timing of the final pro rata payment.
There will be one more pro rata payment. The pro rata payment increase will be approximately 1% or less.
No pro rata payment can be made until the resolution and funding of the remaining third-party cases and ongoing litigation. Our goal is to make the final pro rata payment as soon as possible. Given the uncertainty surrounding the resolution of the third-party cases and ongoing litigation, we are unable to know when we can make the final pro rata payment.
Here are the updated statistics:
- Claims: 254,776
- Claimants: 71,787
- Accepted Determination Notices: 100%
- Amount Paid: $13.7 Billion
- Minors Comps: 92% Completed
- Releases: 99.4% Submitted
As you can see from the updated statistics, we are successfully winding down the Trust. We will continue to work diligently to issue the final pro rata increase payment and bring the Trust to a close as soon as possible.
