One major benefit to any Safety Group is the potential for dividends. The Group's dividend is voted on by the Executive Committee and approved by NYSIF. It is typically distributed 8-9 months after the end of the policy year. The percentage dividend that is declared for the Group is the same for all members regardless of their individual experience. The dividend percentage is determined by the amount of the "contingent reserve balance" which is the monies left over after claims have been paid and future claims are reserved for.


