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    #1

    retired/retiring/retirement salary

    After a public school teacher retires, the state still gives him or her a salary every month. What should the salary be called, retired/retiring/retirement salary?

    Thank you in advance.

  1. 5jj's Avatar
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    #2

    Re: retired/retiring/retirement salary

    In the UK, one's salary ceases when one retires. Thereafter, one receives a (retirement) pension.

    I receive a state pension, which started automatically on my 65th birthday, and a teacher's pension. The latter started, as stipulated in my contract, on my 60th birthday or, if later, on the day I retired.

  2. emsr2d2's Avatar
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    #3

    Re: retired/retiring/retirement salary

    Quote Originally Posted by joham View Post
    After a public school teacher retires, the state still gives him or her a salary every month. What should the salary be called, retired/retiring/retirement salary?

    Thank you in advance.
    As 5jj said, one's "salary" stops when one retires. A salary is specifically a payment made in return for working. Once you retire, you don't work, so no salary is possible. You can still refer to it as "income" as it is money going into your account.

    However, as 5jj also explained, "pension" is the correct term for money you receive on a regular basis after retirement.

    Your "state pension" is the money automatically paid to you by the government when you reach the retirement age (which varies from 60 to 65 at the moment but is due to rise).
    A "private pension" is one which you and your employer (or just you) pay into over the years of your employment and which is also paid out when you reach a particular age (or on another date pre-agreed with the employer).

  3. Ouisch's Avatar
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    #4

    Re: retired/retiring/retirement salary

    In the US, the terminology is just a bit different.... When a person retires from a job and receives a monthly payment from that company it is called a "pension." If a person has put his own money into a specific retirement fund over the years while he was working and then begins to draw on it monthy after he retires, he says that he is "living off his retirement" (meaning the savings he accrued in his 401K plan ). When he collects money from the government after reaching retirement age, he says that he "receives Social Security".

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