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North Cook News

Sunday, April 20, 2025

Former state school employee Guidi paid in $164K to teachers' pension fund, could collect $3.2M in retirement

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Former state school employee Melanie Guidi, who retired in May 2018, saved $163,579 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Guidi would collect as much as $3.2 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Guidi received $67,227 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Guidi will have already received $207,792 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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