This afternoon, the Primary Workers’ Compensation Committee declared a $7.5M dividend which will be payable to members as of 7/1/11. This will be the fourth year in a row that a dividend has been declared, with distribution totaling $23.5M. There is additional equity in the Program and the Committee’s desire is to return it to the members over a multi-year period. The funding position will continue to be evaluated each year but at this point, their plan is to distribute dividends as follows:
$7.0M at 7/1/12
$6.5M at 7/1/13
$5.5M at 7/1/14
