SAIF Returns More Than $2.2 Million in Dividends to Josephine County Economy
For the 14th consecutive year, Oregon businesses received a dividend from SAIF, the state's not-for-profit workers' compensation insurance company.
In September, SAIF announced a $135 million dividend for more than 52,000 employers statewide. The checks go out this month.
SAIF policyholders in Josephine County received more than $2.2 million, which does not include state agencies. Businesses and organizations received between 22% and 27% of their standard premium back.
This year, SAIF was able to pay dividends because of its solid financial standing and continued success in managing workplace safety and health and controlling losses.
SAIF is one of the only insurance carriers in Oregon that has regularly returned dividends to employers. As a not-for-profit with a public mission to make workers' compensation coverage, available, accessible and affordable, it's an important part of value to policyholders.
The dividend is based on premium for policies whose term ended in 2022 and will be distributed this month.
