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Sangamon Sun

Monday, July 7, 2025

Former firefighter Estrada paid in $111K to pension fund, could collect $2.63M in retirement

Money 07

Former firefighter Jesse Estrada, who retired in November 2016, saved $111,414 toward a pension over 23 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Estrada would collect as much as $2.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Estrada received $55,323 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Estrada will have already received $112,306 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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