Swiss Fund Pays Holocaust Victims
Feb. 25, 1999
NEW YORK (AP) _ More than 60,000 needy Holocaust survivors in the United States can expect checks for $502 from a humanitarian fund set up by Swiss banks and corporations.
The checks were scheduled to be mailed Friday, the World Jewish Restitution Organization said Wednesday in a statement.
The fund, which totals about $180 million, including $32 million for survivors in the United States, was established before Switzerland's two largest banks agreed last August to pay $1.25 billion to holders of dormant wartime accounts and their heirs.
Bank payments from the Swiss bank settlement have not yet been distributed. Those who accept the $502 payments remain eligible for reparations from that fund.