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What does retirement board usually consist of and how does it compare to full board price wise? Do you have any experience with it? Thanks!

What does retirement board usually consist of and how does it compare to full board price wise? Do you have any experience with it? Thanks!
I would guess that retirement board would cost less because it is for retired horses that no longer compete and no longer are ridden. I would think it would include less and it would probably not have a riding ring in a retirement barn. My family doesn't have any experience with our horses being at a retirement barn suce we have a barn in our backyard, but i think it would be a good way to save money if your horse is retired.