Chicago City Wire

Chicago City Wire

Friday, January 17, 2020

Former EMT firefighter Marshall paid in $145K to pension fund, could collect $2.74M in retirement


By Local Labs News Service | Jan 1, 2018

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Former EMT firefighter Amos Marshall, who retired in December 2017, saved $145,285 toward a pension over 23 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Marshall would collect as much as $2.74 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marshall received $57,582 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marshall will have already received $177,979 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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