Michigan Municipal League announces 2015 member dividends from Workers’ Compensation Fund.
The Michigan Municipal League has announced that communities throughout the state are expected to share $8.4 million in dividends as part of their July 1, 2015 renewal.
“These dividend payments are a continuing example of the benefit of a member-owned program,” said Michael Forster, director of risk management services for the Michigan Municipal League. ”The fact that our member communities are getting money back shows they are working diligently to make their communities safe places for their employees and residents.”
The MML Workers’ Compensation Fund is a nonprofit self-insurance program owned, operated and governed by member communities.
Benefits getting smaller
Michigan saw extensive changes to its workers’ compensation law in 2011. This has resulted in employees receiving far less benefits.
Insurance premiums were projected to drop by an average of 8.3% in 2014. The pure premium advisory rate has declined more than 20% in the last three years.
The Workers Compensation Research Institute (WCRI), a not-for-profit organization, has also found that medical payments in Michigan are typically lower than all 16 states in its 2013 study.
We applaud the MML for returning dividends to its member communities. Our bet is that for-profit insurance companies are not being so generous.
We encourage all Michigan businesses to demand a refund immediately. Somebody is getting rich from workers’ compensation and it’s not disabled employees.
Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.
Photo courtesy of Creative Commons, by 401(K) 2013.