Seine River First Nation |
Trust Fund & Settlement Agreement Survey
Community Action will be critical, and without your supporting vote, the settlement cannot be finalized, and the trust cannot be executed; having your say for the Per Capita Distribution (PCD) amount for qualifying registered members both on and off reserve is important. The more money that remains in the Legacy Trust will generate more wealth and will contribute significantly to the funding requirements of the established Community priorities listed in the SRFN 2022 Community Plan.
The table below is based on the settlement amount of approximately $124,000,000 from federal and provincial governments. The following provides an example of the wealth generated in the trust, based on the remaining capital amount after the one-time payment to qualified registered community members. All 3 scenarios ensure a 3% annual income payment to the Community as required in the current version of the last ‘draft’ Trust Agreement.
Please NOTE: Individual Band members responses will be kept confidential and not shared publicly
The table below is based on the settlement amount of approximately $124,000,000 from federal and provincial governments. The following provides an example of the wealth generated in the trust, based on the remaining capital amount after the one-time payment to qualified registered community members. All 3 scenarios ensure a 3% annual income payment to the Community as required in the current version of the last ‘draft’ Trust Agreement.
Please NOTE: Individual Band members responses will be kept confidential and not shared publicly
For further factual information, please see our newsletter SRFN Newsletter or request for a copy from the band office.