Quantcast

Chicago City Wire

Sunday, December 22, 2024

Former EMT firefighter Durovic paid in $156K to pension fund, could collect $3.02M in retirement

Shutterstock 197358977

Former EMT firefighter Hajritine Durovic, who retired in December 2018, saved $155,501 toward a pension over 24 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Durovic would collect as much as $3.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Durovic received $63,379 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Durovic will have already received $195,897 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS