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Sangamon Sun

Wednesday, June 4, 2025

Former paramedic Dean paid in $37K to pension fund, could collect $3.26M in retirement

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Former paramedic Joanne Dean, who retired in July 2018, saved $37,090 toward a pension over 28 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Dean would collect as much as $3.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dean received $68,596 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Dean will have already received $68,596 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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