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Chicago City Wire

Thursday, May 1, 2025

Former EMT firefighter Parisian paid in $160K to pension fund, could collect $3.22M in retirement

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Former EMT firefighter Glen Parisian, who retired in November 2017, saved $160,328 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, Parisian would collect as much as $3.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Parisian received $67,582 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Parisian will have already received $208,888 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.