SAIF returns $1.5 million to Union County policyholders

By Paul Hall on Monday, July 19th, 2021 in Northeastern Oregon News Northeastern Oregon Top Stories

UNION COUNTY – In March, SAIF announced a $210 million dividend for more than 50,000 employers statewide.

The checks are going out this week. SAIF policyholders in Umatilla County will receive more than $4.2 million; Union County policyholders will receive more than $1.5 million. That does not include state agencies.

Businesses and organizations will be receiving between 38 and 46% of their standard premium back.

Acknowledging the financial toll the pandemic has taken on Oregon businesses, SAIF today declared a $210 million dividend for its policyholders.

“Oregon businesses continue to face tremendous uncertainty,” said President and CEO Kerry Barnett. “When our financial position indicates we can issue a dividend, we do — it’s the best way we can support our policyholders right now.”

The dividend will be based on premium for policies whose term ended in 2020 and will be distributed in July. This is the 12th year in a row SAIF has been able to offer a dividend, and the 24th dividend since 1990. More information will be available on saif.com in June.

During the pandemic, SAIF has remained open for business, serving Oregon’s employers and workers. This has included taking steps to help injured workers who faced challenges accessing care and working to reduce the financial burden on businesses.