Salem, OR – SAIF Corporation’s Board of Directors recently declared a $150 million dividend for approximately 43,000 current and former customers.
Customers with policies that ended in 2011 are eligible for the dividend. Individual dividend information will be available to employers through SAIF’s website, saif.com, beginning October 5. Checks will be mailed to eligible SAIF policyholders during October.
“SAIF is able to pay this dividend based on investment returns and improvements in workplace safety and loss experience,” said President and Chief Executive Officer Brenda Rocklin.
“The Board of Directors has evaluated SAIF’s financial condition and determined that we can return a $150 million dividend to SAIF policyholders, while safeguarding the funds we need to pay benefits to injured workers,” said Cathy Travis, chair of SAIF’s board. “This dividend reflects the commitment of our policyholders and their employees to workplace safety.”
SAIF Corporation is Oregon’s not-for-profit, state-chartered workers’ compensation insurance company. SAIF has been doing business for 98 years and is the leading workers’ compensation insurance provider in Oregon.