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Chicago City Wire

Tuesday, June 17, 2025

Former EMT lieutenant Haggard paid in $161K to pension fund, could collect $4.14M in retirement

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Former EMT lieutenant Valerie Haggard, who retired in August 2017, saved $160,653 toward a pension over 30 years working for fire departments, Firemen's Annuity and Benefit Fund of Chicago records show.

Over 30 years of retirement, Haggard would collect as much as $4.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Haggard received $86,963 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Haggard will have already received $176,535 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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