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Sangamon Sun

Tuesday, November 26, 2024

Former EMT lieutenant Rodriguez paid in $205K to pension fund, could collect $4.04M in retirement

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Former EMT lieutenant Angelo Rodriguez, who retired in November 2018, saved $204,725 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, Rodriguez would collect as much as $4.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Rodriguez received $84,931 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rodriguez will have already received $262,513 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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