Oregon employers who hold worker compensation policies with nonprofit insurer State Accident Insurance Fund Corp. (SAIF) are to receive dividends in the amount of $160m this year.
Recently, the SAIF Board of Directors determined that a primary dividend of $120m would be paid to policyholders according to their individual premiums. Additionally, a safety performance dividend of $40m is to be divvied up based on the safety record of each policyholder.
This makes the 10th year running that SAIF has been in a position to offer dividends. Over the past 30 years, the company has paid 22 dividends in total.
Taking into account claim trends, capital levels and the general economic environment, SAIF determines the appropriate dividend per individual policyholder. This year, there has been a strong returns on SAIF’s investments and favorable trends in claim cost containment and injury prevention.
Numerous businesses utilize poster printing services to remind their employees of safety practices in an effort to keep their workers compensation premiums as low as possible.
Policy holders whose annual term concluded in 2018 were eligible for a safety performance dividend based on their standard premium, ranging from 0% to 10.6%. Over 48,500 SAIF policyholders are eligible for its primary dividend. Around 93.9% of those policyholders are eligible as well to collect all or part of the safety performance dividend.
Those employers who are eligible will have their Checks mailed to them in October.
Get a Free Quote for Checks
