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NJSIG
Plan of Risk Management
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    • NJSIG Gives Back

    Since 2009, NJSIG has given back a total of $73,182,022 to members through safety grants, surplus returns, and a COVID-19 return, reinforcing our commitment to delivering value and supporting the financial strength of our member schools.

    Return of Surplus:

    NJSIG provides value back to its members by returning surplus funds when contributions exceed what is needed to cover claims and obligations. Since 2023, NJSIG has given back $7,599,938 in surplus returns distributed to participating members based on their share of contributions.

    This reflects NJSIG's commitment to operating as a public entity, collecting only what is necessary and returning excess funds back to members. Surplus returns are intended to become a more regular and predictable benefit, helping members stabilize costs over time.

    Safety Grant:

    From 2009 to 2025, NJSIG awarded $55,955,940 in Safety Grants to support school safety and risk management improvements. The program was sunset in 2025, allowing for a renewed focus on delivering value through surplus returns.

    Members needing historical grant information may email grants@njsig.org.

    COVID-19 Return:

    From 2020-2021, NJSIG provided two COVID-19 refunds totaling $9,626,144, returning portions of 2019/2020 workers' compensation and auto liability contributions during the period when schools were closed. Funds were distributed proportionally.

    These refunds reflect NJSIG's commitment as a public entity to support members when it matters most.

    Given Back by Year:

    Safety Grant
    Surplus Return
    COVID-19 Return
    To be given back in 2026 — $3,000,000
    $3,000,000
    2025 — $4,417,543
    $2,017,543
    $2,400,000
    2024 — $4,595,375
    $1,995,375
    $2,600,000
    2023 — $4,577,350
    $1,977,412
    $2,599,938
    2022 — $10,946,883
    $4,599,938
    $6,346,945
    2021 — $7,771,167
    $4,491,968
    $3,279,199
    2020 — $4,457,536
    $4,457,536
    2019 — $4,743,310
    $4,743,310
    2018 — $4,138,985
    $4,138,985
    2017 — $2,973,746
    $2,973,746
    2016 — $2,376,453
    $2,376,453
    2015 — $2,005,068
    $2,005,068
    2014 — $4,213,858
    $4,213,858
    2013 — $727,639
    $727,639
    2012 — $3,976,263
    $3,976,263
    2011 — $4,093,196
    $4,093,196
    2010 — $4,410,844
    $4,410,844
    2009 — $2,756,806
    $2,756,806