While the ELNY liquidation was finalized in August 2013 and cuts to annuitants began immediately, the ELNY Hardship Fund that was voluntarily established by a group of life insurance companies was not prepared to make funds available at that time.  The ELNY Hardship Fund, administered by JAMS,  now reports that its “regulatory review process” is complete and decisions on applications will be mailed the week of March 17, 2014.  Unfortunately, with over $960 million in cuts to annuitants and just $100 million in the Hardship Fund, it is not possible for the Fund to meet the needs of all of the affected annuitants, some of whom saw cuts of up to 69% of their contract value.