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Chicago City Wire

Tuesday, June 17, 2025

Former firefighter Oboyle paid in $99K to pension fund, could collect $3.51M in retirement

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Former firefighter Lawrence Oboyle, who retired in April 2017, saved $99,167 toward a pension over 38 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Oboyle would collect as much as $3.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Oboyle received $73,820 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Oboyle will have already received $149,855 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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