Popular Loyalty Award Program will Return in 2023
The Comp Alliance is telling its members to check their mailboxes and bank accounts, as it distributes more than $400,000 in member loyalty awards to 175 of its members this month. The individual award amounts are based on length of membership with the Comp Alliance and annual funding contributions. The Loyalty Award Program has generated more than $850,000 in awards this year, and more than $2.5 million total has been returned to Comp Alliance members since the program began in 2019.
While this round represents the final disbursement for FY2022, the Board of Trustees is happy to announce the continuation of the program through FY2023. Members with June and July effective dates who continue their membership with the Comp Alliance in FY2023 will receive their loyalty awards in late summer 2022, while January cycle members that continue their membership will receive their checks in February 2023.
The Loyalty Award Program symbolizes the tangible benefits that municipal cooperation can bring – because of the continued, reliable participation of our members, the Comp Alliance, with a solid financial position under the guidance of our Board of Trustees, is able to return savings directly to members’ budgets.
The mission of the Comp Alliance has always been to ensure our members are able to meet their long-term workers’ compensation liabilities while maintaining stable funding contributions, which has been made possible through the dedication of our trustees, and partnership with the Association of Towns of the State of New York and the New York State Conference of Mayors. The Comp Alliance has more than 325 members, nearly $42 million in contributions and more than a $66 million surplus.
For more information on the Member Loyalty Award Program, please contact a Comp Alliance Marketing Manager or your insurance broker.