MMA awards city praise and a check
PRESQUE ISLE — Municipal officers have announced that the City of Presque Isle has received a $6,365 dividend check from the Maine Municipal Association as a result of its good loss experience and loss prevention programs.
According to city grant writer and public information officer Kim Smith, 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 and casualty, formed in 1987; and the Unemployment Compensation Fund, formed in 1978.
The programs are overseen by governing boards of elected and appointed municipal officials, Smith said. Each year the boards review the programs’ loss experience to determine if dividends may be paid.
Patricia Kablitz, director of risk management services for the MMA, said more than 78 percent of program participants received a dividend this year for their good risk management practices and loss experience.
This year, the Workers Compensation Fund has distributed almost $650,000 in dividends to participants and the Property and Casualty Pool has paid dividends of nearly $550,000, for total payments of just under $1.2 million returned directly to MMA members.
Since 1997, the two programs have returned almost $20 million in dividends to participating members, said Smith.
