Quantcast

Chicago City Wire

Thursday, May 1, 2025

Former EMT fire engineer Gilmore paid in $186K to pension fund, could collect $3.94M in retirement

Shutterstock 443523112

Former EMT fire engineer Cleveland Gilmore, who retired in November 2017, saved $186,478 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, Gilmore would collect as much as $3.94 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gilmore received $82,739 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gilmore will have already received $255,738 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.