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Chicago City Wire

Tuesday, June 17, 2025

Former EMT firefighter Krason paid in $183K to pension fund, could collect $3.7M in retirement

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Former EMT firefighter Steven Krason, who retired in March 2018, saved $183,042 toward a pension over 27 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Krason would collect as much as $3.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Krason received $77,815 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Krason will have already received $240,517 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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