Retailers Fund dividend

Participants in Retailers Fund, MRA’s self-funded workers’ compensation insurance program, received another dividend check in early July, representing each member’s pro rata share of $560,000 in surplus reserve funds.

The dividend was authorized by the Retailers Fund Board of Trustees and approved by the Michigan Department of Labor and Economic Growth.

Added to the $356,110 interest-earnings dividend already paid in April, the July payment will bring total 2004 dividends to $916,110. Retailers Fund has returned dividends every year for 22 years, paying out a total of more than $19 million over the life of the fund.

“This year’s dividend marks our 22nd consecutive year of paying dividends to participating members,” said Fund Administrator James P. Hallan, MRA’s president and chief operating officer. “Not many companies can match our financial performance. It’s a record that we are very proud of and plan to continue.”

The Fund has also paid up-front premium discounts of 8.75 percent for the past five years.

For more information about how your retail business can save on work comp costs through Retailers Fund, contact Judy Schafer, manager of fund operations, at 800.366.3699 or jschafer@retailers.com.