Defunct Air Jamaica Pension Fund Trustee, Joy Charlton and Chairman Dr Ian Blair announcing the fund's winding up plans. - File

Some two thousand 'tardy' beneficiaries of the defunct Air Jamaica Pension Fund have until August 15 to apply for their share of surplus funds.

After that, whatever remains of the $21 million still to be shared will revert to the government.

Donovan Walker, of the law firm DunnCox and legal adviser adviser to the fund, told the Financial Gleaner that the trustees were now taking steps to wind up the fund, which was valued at about $1 billion.

Walker said that while some 3,000 beneficiaries have already been paid their portions, another 2,000 were yet to claim the $21 million, or an average of $10,000 per person, to which they were entitled.

"Please come for your money," said Walker.

"Once we wind up, we are making an application for those monies to be returned to the government."

The trustees will also be making a final distribution of $50 million by the end of July.

Thereafter, they will petition the court for an order to wind up the fund.

susan.gordon@gleanerjm.com