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Sangamon Sun

Monday, July 7, 2025

Former EMT firefighter Sheridan paid in $157K to pension fund, could collect $3.07M in retirement

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Former EMT firefighter John Sheridan, who retired in December 2017, saved $156,959 toward a pension over 25 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Sheridan would collect as much as $3.07 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Sheridan received $64,623 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sheridan will have already received $199,744 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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