Dividend Payments to Fund Members
MAAS Fund Annual Report
Release date: 4/30/2019
LANSING, MI – Jack Fisher, Chairman of Michigan Association Ambulance Services Self-Insured Workers’ Compensation Fund announces that the association recently published its 2018 annual report disclosing the MAAS Fund’s 2018 financial performance.
Over $1.1 Million in Returns
As a result, the State of Michigan has approved a dividend disbursement in excess of $1.1 million dollars for FY 2019. Larry Andrick, the Fund Administrator, confirmed that this is the single largest return since the MAAS Fund’s inception in 1997.
This marked the 22nd consecutive year dividends have been issued to our members, having distributed more than $11 million to date. Members will receive their Cash Dividend checks at the Annual Meeting event held on April 30th.
Comments from Chairman Jack Fisher
“2018 was a good year for the MAAS Fund,” said MAAS Fund Chairman, Jack Fisher. “Operating as a cooperative enabled us to reduce the frequency & severity of injuries throughout our workforces, invest in new innovative safety equipment, control costs associated with managing the workers’ compensation claims and return a significant portion to our members.”
About the MAAS Fund
The MAAS Fund is a member owned workers’ compensation program covering more than 3,500 of the finest skilled EMS professionals from Detroit to the western UP to Benton Harbor to Saginaw.
Trustees of the MAAS Fund are:
Jack Fisher (Chairman), Kolby Miller, Michelle McGill, Terrye Nicholls, Ken Cummings, Vince Waryas, and Dennis Palmer.