Boothbay Harbor earns dividend
Muncipal officials have announced that the town of Boothbay Harbor has received a $4,353 dividend check from the Maine Municipal Association because of its good performance and loss prevention programs.
MMA offers three self-funded pools for municipal and quasi-public entities in Maine. The Workers Compensation Fund formed in 1978, the Property and 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. At its May meeting, the board approved another dividend distribution. Actual allocation and eligibility are based on the individual member’s own loss experience. Michelle Pelletier, director of Risk Management Services for MMA, said more than 82% of program participants received a dividend this year for their good risk management practices and favorable loss experience.
This year, the Workers Compensation Fund distributed almost $725,000 in dividends to participants and the Property and Casualty Pool has paid dividends of nearly $600,000.
For more information about MMA’s Risk Management services, online training programs and other services, visit www.memun.org.