Chicago City Wire

Former firefighter Terry Washington, who retired in December 2016, saved $139,399 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, Washington would collect as much as $3.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Washington received $72,417 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Washington will have already received $147,007 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.