DEXTER - Town Manager, Linda-Jean Briggs is pleased to announce that the Town of Dexter has received a $2581 dividend check from the Maine Municipal Association as a result of its good loss experience 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 was 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. Each year the boards review the programsí loss experience to determine if dividends may be paid. Patricia Kablitz, Director of Risk Management services for MMA, said more than 80 percent of program participants received a dividend this year for their good risk management practices and loss experience.
Since 1997, the three programs have returned over $14 million in dividends to participating members.
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