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Chicago City Wire

Thursday, May 8, 2025

Former firefighter Castro paid in $45K to pension fund, could collect $3.39M in retirement

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Former firefighter Humberto Castro, who retired in February 2016, saved $44,736 toward a pension over 29 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Castro would collect as much as $3.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Castro received $71,231 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Castro will have already received $71,231 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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