Teacher

The wide majority, meaning 85%, of primary, secondary, and special education teachers who are currently working in schools are granted full access to traditional pension plans for their retirement, according to BLS. Over half of them (62%) that work at colleges and universities also have pension coverage.

“Teachers are still covered by defined benefit pensions” as Melinda Morrill, a well-known professor of economics at the Poole College of Management at North Carolina State University, explained. “Even if public employers are making some movement away from these types of plans, the wide majority of public sector workers might still be covered by defined benefit pension plans.”

The median pay circles around $60,660, if you work at the elementary school level, and $62,870 if you work at the high school level. Of course, it varies also on the state and the school district.

Teachers who meet all of their pension requirements should expect to receive a specific portion of their former salary during their golden years.