Sangamon Sun

Sangamon Sun

Friday, April 3, 2020

Former paramedic Ulreich paid in $70K to pension fund, could collect $3.27M in retirement


By Local Labs News Service | Dec 1, 2018


Former paramedic Kelly Ulreich, who retired in November 2018, saved $70,325 toward a pension over 27 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Ulreich would collect as much as $3.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Ulreich received $68,793 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ulreich will have already received $139,650 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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