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West Cook News

Sunday, May 25, 2025

Former state university employee Manzo paid in $78K to pension fund, could collect $2.24M in retirement

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Former state university employee Americo Manzo, who retired in February 2018, saved $78,417 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Manzo would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Manzo received $47,168 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Manzo will have already received $95,751 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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