Analysis: Maywood pays $6.14 for every $1 pensioners contribute to Melrose Park Firefighters Pension Fund

By West Cook News

Jun 1, 2018

Taxpayers contributed 85.9 percent of the $3,585,842 the Melrose Park Firefighters Pension Fund brought in last year, or $6.14 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 $3,081,599 to the fund, which saw a $265,809 increase in revenue over 2015. Members contributed $501,401, or 14 percent, in 2016. Another $2,842 came from other unspecified sources.

Melrose Park Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,131,331	$1,127,129	$2,310,781	$2,828,716	$3,081,599	172.4%
Pension members	$437,116	$451,516	$477,120	$496,897	$501,401	14.7%
Other Revenue	$2,023	-$16,003	-$2,672	-$5,580	$2,842	40.5%
Total	$1,570,470	$1,562,642	$2,785,229	$3,320,033	$3,585,842	128.3%