National Trust – 7
July 30, 2010
Members of the surplus sharing group have been receiving, or will soon receive from National Trust, their surplus election package which provides an updated estimate of their individual surplus share, and requests that they make an election as to how they wish to receive their share. We are advised that approximately 80% of the packages will be in the mail by July 31, 2010, with the balance (primarily retirees) to follow by August month-end.
Applications for asset transfer and surplus withdrawal have been filed with the regulators and we are now awaiting approval. If regulatory approval is received, members will receive their payment of surplus in accordance with the Surplus Sharing Agreement.
Members who have questions regarding the wind-up of the Plan can consult the document prepared by National Trust, under the “Documents” link below, entitled “Frequently Asked Questions Regarding the Wind-up of the National Trust Plan.”