A school teacher with 40 years of service that has an average annual compensation of $100,000 a year would be entitled to a monthly pension of $8.000.
The maximum monthly Social Security benefit that an individual can receive per month in 2020 is $3,790 for someone who files at age 70. For someone at full retirement age 65, the maximum amount is $3,011, and for someone aged 62, the maximum amount is $2,265.
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