* Country: Retirement benefits differ significantly between countries. Some countries have robust public pension systems, while others rely more on private pensions or individual savings.
* Years of service: Generally, the longer a teacher works, the larger their pension or retirement benefits will be.
* Type of employment: Public school teachers often have defined benefit pension plans, while teachers in private schools might have defined contribution plans (like 401Ks) or no pension at all.
* State/Province (within a country): Even within a single country, the benefits can differ depending on the state or province where the teacher worked.
* Contribution levels: Teachers often contribute a percentage of their salary towards their retirement plan. The amount they contribute impacts their eventual benefits.
In short, a retiring teacher might receive:
* Pension: A regular, fixed income paid by a public or private pension plan.
* Social Security (or equivalent): Government-provided retirement benefits.
* Savings and investments: Money accumulated through individual retirement accounts (IRAs), 401(k)s, or other investment vehicles.
* Health insurance: Some retirement plans include or subsidize health insurance coverage.
There's no single answer to what teachers receive upon retirement; it's a complex calculation based on the factors listed above.