Most teachers entering education no longer have a pension…most states are moving toward a fixed contributions model, as far as I know.
With respect to income: https://www.nea.org/resource-library/teacher-salary-benchmarks, these are the US averages:
Beginning with a Bachelor’s: 41,770
Beginning with a Master’s: $45,391
Top salary with a Bachelor’s: $60,381
Top salary with a Master’s: $70,279
Top salary (assuming with a doctorate): $76,540
Here are some maximum salaries (which is usually at least 20-25 years…possibly up to 30 or 40 years, depending the state’s scale):
Arkansas: $54,163
Colorado: $64,646
Florida: $66,405
Idaho: $59,110
Louisiana: $58,470
Missouri: $56,552
North Carolina: $63,359
Oklahoma: $57,151
Tennessee: $63,967
Texas: $63,673
Who here wants to try and find safe housing in St. Louis, New Orleans, Nashville, Miami, with these incomes? And remember, this is after 20-40 years with a doctorate. In my state, the usually income bump is $500 per degree (so Master’s, Master’s + 30, education specialist, doctorate). And considering the stressors of being in the classroom and all the attendant unpaid time doing prep, grading, etc…there’s a reason why people are talking about teacher shortages.