Municipal officials are pleased to announce that the Town of Bridgton has received a $6,134 dividend check from the Maine Municipal Association as a result of its good loss experience and loss prevention programs.
The Maine Municipal Association offers three self-funded pools for municipal and quasipublic entities in Maine: The Workers Compensation Fund formed in 1978, the Property & Casualty Pool formed in 1987 and the Unemployment Compensation Fund formed in 1978.
The programs are overseen by governing boards of elected and appointed municipal officials. Each year the boards review each program’s loss experience to determine if dividends may be paid. Patricia Kablitz, Director of Risk Management Services for MMA, said more than 77 percent of program participants received a dividend this year for their good risk management practices and loss experience.
This year the Workers Compensation Fund has distributed almost $650,000 in dividends to participants and the Property and Casualty Pool has paid dividends of nearly $550,000, for total payments of just under $1.2 million returned directly to MMA members.
In the twenty years the Maine Municipal Association has been paying dividends, the two programs have returned over $21 million to participating members. For more information about any of the NfNfA Risk Management Services programs, including online training programs and other services, check the offerings on their website at www.memun.org and click on the Risk Management Services link, or call 1-800-5905583.