Milo receives $2K from MMA

MILO — Milo municipal officials are pleased to announce the town has received a $2,030 dividend check from the Maine Municipal Association (MMA) as a result of the community’s good loss experience and loss prevention programs.

MMA offers three self-funded pools for municipalities: the workers compensation fund 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 board reviews the programs’ loss experience to determine if dividends may be paid.

MMA Risk Management Services Director Patricia Kablitz said more than 78 percent of program participants received a dividend this year for good risk management practices and loss experience.

The workers compensation fund has distributed almost $650,000 in dividends to participants this year and the property and casualty pool has paid dividends of nearly $550,000 for total payments of just under $1.2 million returned directly to MMA members. Since 1997 the two programs have returned over $18.8 million in dividends.