Trust Loyalty Credit: K12
The board of directors of the Arizona School Risk Retention Trust, Inc. (the Trust), has approved the continuation of the Trust Loyalty Credit (TLC) Program. Since the TLC began in 2010, the Trust has returned $30.8 million to members. For this year’s loyalty credit, members have the opportunity to receive up to 7 percent of their 2017/2018 contribution as a loyalty credit. Similar to the structure of the program in past years, members can qualify for two loyalty credit tiers, with the tiers being independent of one another.
Members may choose one of four options for receipt of their loyalty credit: (1) deduction from their contribution; (2) check; (3) deposit to a pre-paid account; or (4) deposit to a Trust Investment Pool account.
In order to qualify for the loyalty credit, members must meet the following pre-requisites:
The additional requirements related to each item are explained below, with the percentage to be returned to the district given in parentheses.
Tier 1. Members must meet the following criterion: (2%) maintain an average three-year loss ratio of 80 percent or less for the period from July 1, 2015 to May 31, 2018.
Tier 2. Members may complete any of the following items by May 31, 2018, for a maximum of 5 percent back to the district: