Quantcast

Sangamon Sun

Monday, November 3, 2025

Former fire engineer Petrey paid in $164K to pension fund, could collect $3.78M in retirement

Shutterstock 469426916

Former fire engineer Robert Petrey, who retired in November 2018, saved $164,090 toward a pension over 31 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Petrey would collect as much as $3.78 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Petrey received $79,379 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Petrey will have already received $245,352 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS