Oregon SAIF Declares Dividends as Workers’ Comp Costs Decrease

The board of directors of the SAIF, the not-for-profit company providing workers’ comp insurance in Oregon, declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s policyholders, and a $40 million safety performance dividend to be paid based on each policyholder’s safety results.

This is the ninth year in a row SAIF has returned a substantial dividend to its customers. On average, eligible customers can expect to receive 28.6 percent of the premium paid in 2017. The dividends are possible because of SAIF’s overall financial results, including investment returns and favorable trends in claim costs.

In addition to dividends for SAIF’s policyholders, average workers’ comp costs continue to fall for Oregon employers.

There are 47,488 policyholders eligible for SAIF’s primary dividend. Of those, about 94 percent are also eligible to receive all or part of the additional safety performance dividend.

Checks will be mailed in October to eligible employers.