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Chicago City Wire

Thursday, December 26, 2024

Former ambulance commander Linehan paid in $190K to pension fund, could collect $4.52M in retirement

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Former ambulance commander Heather Linehan, who retired in November 2016, saved $189,964 toward a pension over 35 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Linehan would collect as much as $4.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Linehan received $94,914 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Linehan will have already received $192,675 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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