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Chicago City Wire

Sunday, October 5, 2025

Former firefighter Jugovich paid in $144K to pension fund, could collect $3.28M in retirement

Money041

Former firefighter Ronald Jugovich, who retired in November 2018, saved $144,487 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, Jugovich would collect as much as $3.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jugovich received $68,924 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jugovich will have already received $213,038 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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