PWC Program Declares $7.5M Dividend & More to Come

April 27th, 2011

This afternoon, the Primary Workers’ Compensation Committee declared a $7.5M dividend which will be payable to members as of 7/1/11.  This will be the fourth year in a row that a dividend has been declared, with distribution totaling $23.5M. There is additional equity in the Program and the Committee’s desire is to return it to the members over a multi-year period.  The funding position will continue to be evaluated each year but at this point, their plan is to distribute dividends as follows:

$7.0M at 7/1/12

$6.5M at 7/1/13

$5.5M at 7/1/14

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