Fund marks 22nd year of dividends

Retailers Fund, MRA’s self-funded workers’ compensation insurance program, will pay participants their first dividend of 2004 on April 16. The $395,679 dividend represents interest earnings on the fund’s assets.

The April dividend will push the fund’s dividend total, since it was established, to $19,785,524. Retailers Fund has paid dividends every year since 1982, the year after it was formed.

The dividend was authorized by the Retailers Fund Board of Trustees and approved by the Michigan Department of Consumer and Industry Services.

April’s payout is expected to be followed by a second dividend payment in July. That distribution represents surplus reserves.

“We are very proud of our rich tradition of paying dividends,” said James P. Hallan, president and chief operating officer and Retailers Fund administrator. “Twenty-two years of consecutive dividends clearly sets us apart from the competition.”

For a no-obligation quote, contact Judy Schafer at 800.366.3699 or jschafer@retailers.com.