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Workers’ Compensation Fund

Since its inception in 1983, the MICU Workers’ Compensation Fund has returned over $25.2 million in distributions back to its Members. The fund works to reduce claim exposure at member institutions and return employees back to their place of employment healthy and as soon as possible.

The MICU Workers’ Compensation Fund saves its Members on average 62.8% in premiums.

In a 10-year Benchmark Report (1/1/2005-12/31/2014) published by Midwest Employers Casualty Company, the MICU Workers’ Compensation Fund performed within the Best Practice measures.  In other words, according to Midwest, the MICU Fund operates in the 99th percentile compared to similar workers’ compensation funds.

The MICU Worker’s Compensation Fund is overseen by a Board of Trustees made up of mostly Chief Financial Officers at Fund member colleges and universities. It is supported by a comprehensive team of service agents and financial institutions that understand the integrity and performance of the MICU Fund. Rhonda Roorda, MICU Fund Administrator, has 22 years of experience managing the fund.

Contact Rhonda Roorda