Online Stock Enrollment and Automatic Elder Benefits
Thursday, January 24, 2019
SEALASKA STOCK ENROLLMENT PROCESS IS 100% ONLINE
The enrollment process was recently simplified, eliminating notarization requirements. Applicants can now take a picture and upload supporting documents on the MySealaska.com online application. Supporting documents include birth certificate, Certificate of Indian Blood, and potentially parents’ or grandparents’ birth certificates. You may be required to send additional documentation if you have had a name change or were adopted.
When Sealaska was established under the Alaska Native Claims Settlement Act (ANCSA), 15,782 people enrolled and are often called “original” shareholders. Each original shareholder received 100 shares of class “A”, “B” or “C” stock. Sealaska also has a perpetual enrollment for life estate stock (class “D” and “L”). Enrollment can occur any time of the year.
For more about online enrollment visit www.MySealaska.com.
OPTING IN FOR ELDER BENEFITS NOW AUTOMATIC
Sealaska shareholders who turn 65 will be automatically enrolled for Elder benefits. As a result, if you are eligible, shareholders will receive the benefits unless they “opt-out”. There are two elder benefits, a shareholder may qualify for, including a one-time payment from the Elders settlement trust, and the issuance of an additional 100 shares of Class “E” stock.
1. One-time Payment from the Elders Settlement Trust
Sealaska shareholders who hold Class “A”,”B” or “C” stock receive a one-time payment from the Trust when they turn 65. The one-time payment includes $20 per share, based on original shares owned on November 2, 1991. The payment will be made via direct deposit or mailed check, depending on how you choose to receive payments from Sealaska.
2. Issuance of 100 Shares of Class E Stock
The non-voting shares are in addition to any original Sealaska shares they currently own. Class “E” shares are life estate stock and cease to exist upon the death of the shareholder. *Please note, in the 2019 Winter newsletter, it was reported that the additional class E shares are voting, which is incorrect.
*Please note, in the 2019 Winter newsletter, it was reported that the additional class E shares are voting, which is incorrect.
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Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
Early birds, it’s your time to fly! Congratulations to our 2024 winners.
Sealaska shareholders are invited to join us at our upcoming in-person and virtual community meetings to learn more about Sealaska business operations, upcoming opportunities and connect with fellow shareholders and descendants.
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2023. Printed 1099 tax forms will be mailed on or before Jan. 26.
Film is a mirror: Sealaska shareholder descendant Miciana Hutcherson reflects on Black History Month
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2022. Printed 1099 tax forms will be mailed on or before Jan. 27.
What Are Shareholders Saying? How does blood quantum impact your life?We asked this simple question and more than 600 shareholders answered, so far. Below are a few of the perspectives we shared via our social channels. Some of these posts you will love. Some you may not. Sealaska has not taking a position, we are …