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Quincy Reporter

Saturday, May 10, 2025

Former state school employee Longo paid in $110K to teachers' pension fund, could collect $2.22M in retirement

Money 04

Former state school employee Amy Longo, who retired in June 2018, saved $110,442 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Longo would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Longo received $46,759 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Longo will have already received $144,528 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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