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Chicago City Wire

Friday, November 22, 2024

Former EMT firefighter Kammier paid in $146K to pension fund, could collect $3.45M in retirement

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Former EMT firefighter Eileen Kammier, who retired in December 2018, saved $145,547 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, Kammier would collect as much as $3.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kammier received $72,538 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kammier will have already received $147,252 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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