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Sangamon Sun

Tuesday, November 4, 2025

Former EMT lieutenant Keating paid in $239K to pension fund, could collect $4.48M in retirement

Money 01

Former EMT lieutenant Edward Keating, who retired in November 2018, saved $239,411 toward a pension over 38 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Keating would collect as much as $4.48 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Keating received $94,063 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Keating will have already received $290,740 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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