Fund dividends top $21 million

Participants in Retailers Fund, MRA’s self-funded workers’ compensation insurance program, will be issued their first dividend check of 2005 on April 15. The $355,010 dividend represents interest earnings on the fund’s assets.

The April dividend will push the fund’s total approved cumulative dividend, since it was established in 1981, to $21,109,534.

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

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

“Total dividends of more than $21 million in 23 years—that’s an achievement of which we can be proud,” said James P. Hallan, chief operating officer and Retailers Fund administrator.

“The financial strength, good safety record and efficient operation of Retailers Fund enable it to continue paying significant dividends to participants.”

In addition to cash-back dividends, participants received up-front premium credits in 2005 for the sixth year in a row. The premium credit represents 8.75 percent of the total annual premium.

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