Boothbay Harbor receives MMA dividend check
Boothbay Harbor town officials announce that the town of Boothbay Harbor has received a $5,736 dividend check from the Maine Municipal Association as a result of it good loss experience and loss prevention programs.
The MMA 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.
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 is based on the individual member’s own loss experience. Michelle Pelletier, director of Risk Management Services for MMA, said more than 79 percent of program participants received a dividend this year for their good risk management practices and favorable loss experience.
For more information about any of the MMA Risk Management Services programs, visit www.memum.org and click on the Risk Management Services link, or call 1-800-590-5583.
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