Chicago City Wire

Former firefighter T. Britton Bey, who retired in December 2018, saved $146,953 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, Britton Bey would collect as much as $3.55 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Britton Bey received $74,622 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Britton Bey will have already received $151,483 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.