PWC Program Declares $8M Dividend & Plans for More Through 2014/15

May 28th, 2010

Yesterday the Primary Workers’ Compensation Committee declared an $8M dividend which will be payable to members as of 7/1/10.  There is additional equity in the Program and the Committee’s desire is to return it to the members over a 5 year period.  The funding position will continue to be evaluated each year but at this point, their plan is to distribute dividends as follows:

$7.5M at 7/1/11

$7.0M at 7/1/12

$6.5M at 7/1/13

$6.0M at 7/1/14