The New York State Insurance Fund has declared a 32.5 percent dividend for members of the Retail Group of New York Workers’ Compensation Safety Group #544, who had policies in effect during the year March 1, 2000 to March 1, 2001. The group has approximately 750 members.

According to The Friedlander Group Inc., manager of the Retail Group, this dividend is in addition to the Advance Premium Discount of up to 35 percent.  Adam Friedlander, who heads the management group, said that these benefits mean that a member, with a standard premium of  $10,000, actually paid $4.387 in premiums for coverage.  He noted that the New York State assessment is deferred until dividends are paid.

Friedlander also reported that the two other safety groups his company manages, The Wholesale Group #551 and the United Restaurants #556, which receive up to 35 percent advance discounts, also were recently awarded dividends of 35 percent and 40 percent, respectively.

As printed in Insurance Advocate, Jan. 14, 2002 issue