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The fund has $22,819,019 in total assets. If the fund’s annual losses stay the same, it would run out of money in 20 years without these subsidies.
The fund earned $1,889,634 in investment income and other revenue in 2018. At the same time, it paid out $3,071,208 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $4,509,843 to the fund’s revenue last year – an amount that has increased from $1,844,507 five years ago. Members contributed an additional $388,076 – $10,385 less than five years ago.
In all, subsidies amounted to $4,897,919 in 2018.
Maywood Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $1,889,634 | $3,071,208 | -$1,181,574 |
| 2017 | $1,743,014 | $2,878,479 | -$1,135,465 |
| 2016 | -$502,052 | $2,714,403 | -$3,216,455 |
| 2015 | $1,373,471 | $2,651,793 | -$1,278,322 |
| 2014 | $1,337,751 | $2,573,250 | -$1,235,499 |
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