Chicago City Wire

Former firefighter Kenneth Glasing, who retired in November 2016, saved $109,023 toward a pension over 21 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Glasing would collect as much as $2.36 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Glasing received $49,700 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Glasing will have already received $153,618 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.