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Chicago City Wire

Tuesday, June 17, 2025

Former lieutenant Byrne paid in $180K to pension fund, could collect $3.62M in retirement

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Former lieutenant James Byrne, who retired in September 2017, saved $179,597 toward a pension over 26 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Byrne would collect as much as $3.62 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Byrne received $76,193 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Byrne will have already received $235,505 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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