The Louisiana Restaurant Association’s Self Insurer’s Fund for Workers’ Compensation is returning $2.02 million to eligible members.
The rebate marks the 26th consecutive year the fund, which specializes in the hospitality industry, has declared a surplus in unused premium and interest income that will be returned to members. The surplus will include eligible participants from the fund years 2008, 2009 and 2010 and be paid in April 2014.
“The LRA SIF was pleased to lower its rates once again this fall, for the third time in four years,” said LRA SIF President and CEO Stan Harris. “Our members have shown a commitment to workplace safety practices and as a result, we see lower accident rates.”
Since 1988, will have cumulatively returned approximately $101.7 million in surplus and safety dividends to eligible members.