by Thom Leonard
Calista (cha-LIS-tuh) Corporation’s Board of Directors approved the 2018 Elders’ Benefit Distribution. Original Shareholders who are at least 65 years old as of November 13 will receive $325 each.
The distribution date is December 18 for both direct deposit and paper checks sent via first-class mail. More than 2,300 original Shareholders are Elders this year.
“Our Elders are mentors, trainers and guides for our communities. It is important to support them since they are the base and pillar of our corporation since Calista’s beginning,” says Calista Corp. President/CEO Andrew Guy.
In 2007, a majority of Shareholder who voted for the Annual Meeting of Shareholders supported creating an Elders’ Benefit Program. The program defined Elders as original Shareholders who are at least 65 years old. The Board has authorized an Elders’ Benefit Distribution each year since 2008.
This distribution caps a record-setting year for Calista dividends. The total of all Calista dividends for the 2018 calendar year is more than $9.5 million, up from $9 million total dividends last year. This was also the first year new enrollees were eligible for Calista dividends.