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Chicago City Wire

Thursday, May 1, 2025

Former firefighter Johnson paid in $165K to pension fund, could collect $3.23M in retirement

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Former firefighter James Johnson, who retired in November 2017, saved $164,599 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, Johnson would collect as much as $3.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Johnson received $67,813 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Johnson will have already received $209,602 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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