Indian Residential Schools Settlement Agreement
The Indian Residential Schools Settlement Agreement (IRSSA) is an agreement between the Government of Canada and approximately 86,000 Indigenous peoples in Canada who at some point were enrolled as children in the Canadian Indian residential school system, a system which was in place between 1879 and 1996. The IRSSA recognized the damage inflicted by the residential schools and established a $1.9-billion compensation package called CEP for all former IRS students. The agreement, announced in 2006, was the largest class action settlement in Canadian history. As of March 2016 a total of $1,622,422,106 has been paid to 79,309 former students. An additional $3.174 billion has been paid out as of December 31, 2018, through IAPs which are for damages suffered beyond the norm for the IRS.