Analysis: Maywood pays $8.87 for every $1 pensioners contribute to Maywood Firefighters Pension Fund

By West Cook News

Jul 31, 2020

Taxpayers contributed 89.7 percent of the $2,852,681 the Maywood Firefighters Pension Fund brought in 2018, or $8.87 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 $2,558,271 to the fund, which saw a $131,245 decrease in revenue over 2017. Members contributed $288,221, or 10.1 percent, in 2018. Another $6,189 came from other unspecified sources.

Maywood Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,419,134	$1,755,051	$1,714,203	$2,693,463	$2,558,271	80.3%
Pension members	$336,375	$286,377	$301,818	$289,210	$288,221	-14.3%
Other Revenue	$60,189	-$6,801	$2,092	$1,253	$6,189	-89.7%
Total	$1,815,698	$2,034,627	$2,018,113	$2,983,926	$2,852,681	57.1%