Nashville Township Receives Dividend From TOIRMA

Nashville Township Receives Dividend From TOIRMA

The Township Officials of Illinois Risk Management Association (TOIRMA) has voted to pay a dividend. All TOIRMA members who joined the program from June 1, 1986 though May 31, 2011 and continue to be members in the current year received a dividend.

TOIRMA is a self-funded intergovernmental pool established to provide coverages exclusively for Illinois townships that are members of the Township Officials of Illinois.

This is the twenty-fifth year a dividend has been paid to eligible members. A total of 1,364 member townships will be paid $2,048,870 which represents approximately 15% of their annual contribution for the 2010-2011 program year.

The dividend is applied to the township’s annual contribution.