Quantcast

Sangamon Sun

Monday, November 25, 2024

Former EMT fire engineer Wrzesinski paid in $211K to pension fund, could collect $3.94M in retirement

Money836

Former EMT fire engineer Henry Wrzesinski, who retired in November 2017, saved $210,768 toward a pension over 35 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Wrzesinski would collect as much as $3.94 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wrzesinski received $82,739 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wrzesinski will have already received $255,738 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS