|Press release, Town Manager Christine Landes|
The New Gloucester Board of Selectmen are pleased to announce that the Town of New Gloucester has received a $5,363 dividend check from the Maine Municipal Association because of its good performance and loss prevention programs.
The Maine Municipal Association offers three self-funded pools for municipal and quasi-public entities in Maine: the Workers Compensation Fund formed in 1978, the Property & Casualty Pool formed in 1987 and the Unemployment Compensation Fund formed in 1978.
These 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 is based on the individual member’s own loss experience. Michelle Pelletier, Director of Risk Management Services for MMA, said more than 79% of program participants received a dividend this year for their good risk management practices and favorable loss experience.
This year the Workers Compensation Fund has distributed almost $725,000 in dividends to participants and the Property & Casualty Pool has paid dividends of nearly $600,000, for total payments of just over $1.2 million returned directly to MMA members.
The Maine Municipal Association has been paying dividends since 1997 and the two programs have returned over $25 million to participating members. For more information about any of the MMA Risk Management Services programs, including online training programs and other services, check the offerings on their website at www.memun.org and click on the Risk Management Services link or call 1-800-590-5583.
Christine M. Landes, MBA | CMM
Town of New Gloucester
Phone: (207) 926-4126