Analysis: Maywood pays $4.89 for every $1 pensioners contribute to Maywood Police Pension Fund

By West Cook News

May 30, 2018

Taxpayers contributed 82.9 percent of the $2,425,598 the Maywood Police Pension Fund brought in last year, or $4.89 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 $2,010,952 to the fund, which saw a $34,445 increase in revenue over 2015. Members contributed $410,678, or 16.9 percent, in 2016. Another $3,968 came from other unspecified sources.

Maywood Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,460,529	$1,632,618	$1,844,507	$1,991,396	$2,010,952	37.7%
Pension members	$394,644	$389,181	$398,461	$397,870	$410,678	4.1%
Other Revenue	$0	-$3,385	$537	$1,887	$3,968	-
Total	$1,855,173	$2,018,414	$2,243,505	$2,391,153	$2,425,598	30.7%