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West Cook News

Friday, May 3, 2024

Analysis: Maywood pays $5.67 for every $1 pensioners contribute to Maywood Firefighters Pension Fund

Budget 03

Taxpayers contributed 84.9 percent of the $2,018,113 the Maywood Firefighters Pension Fund brought in last year, or $5.67 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Maywood contributed $1,714,203 to the fund, which saw a $16,514 decrease in revenue over 2015. Members contributed $301,818, or 15 percent, in 2016. Another $2,092 came from other unspecified sources.

Maywood Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$713,942$2,233,723$1,419,134$1,755,051$1,714,203140.1%
Pension members$275,504$280,237$336,375$286,377$301,8189.6%
Other Revenue$0-$28,479$60,189-$6,801$2,092-
Total$989,446$2,485,481$1,815,698$2,034,627$2,018,113104%

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