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Chicago City Wire

Thursday, May 1, 2025

Former paramedic Colon paid in $204K to pension fund, could collect $4.44M in retirement

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Former paramedic Cristino Colon, who retired in November 2017, saved $204,089 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, Colon would collect as much as $4.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Colon received $93,290 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Colon will have already received $288,351 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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