Life insurance plans: Fixed multiple of earnings benefit formulas Standard Errors

Table 19. Standard errors for life insurance plans: Fixed multiple of earnings benefit formulas,
State and local government workers, National Compensation Survey, March 2009

Characteristics

Multiple of earnings amounts1

Mean
multiple of
earnings

Median
multiple of
earnings

1.0 times
earnings

Over 1.0
and under
2.0 times
earnings

2.0 times
earnings

Greater
than 2.0
times
earnings

All workers

3.3

2.4

3.4

2.3

0.0

0.1

Worker characteristics

           

Management, professional, and related

4.0

3.5

0.1

0.0

    Professional and related

4.1

3.6

0.1

0.0

        Teachers

4.8

2.9

4.5

2.1

0.1

0.0

            Primary, secondary, and special education
             school teachers

5.1

3.4

4.8

0.5

0.0

0.1

        Registered nurses

9.1

5.0

0.2

Service

4.1

2.3

4.4

1.8

0.1

    Protective service

5.6

5.2

0.1

Sales and office

3.8

3.5

0.0

0.4

    Office and administrative support

4.0

3.4

0.0

0.3

Natural resources, construction, and maintenance

5.6

4.0

3.8

2.5

0.1

0.0

Production, transportation, and material moving

5.8

4.9

0.1

0.0

Full time

3.3

2.5

3.4

2.2

0.0

0.1

Part time

7.1

5.8

0.1

0.4

Union

3.2

2.7

1.7

1.9

0.0

0.0

Nonunion

4.5

5.0

0.1

0.0

Wage percentiles:2

           

    Lowest 10 percent

8.6

7.0

0.1

0.0

    Lowest 25 percent

5.9

4.4

6.0

0.9

0.1

0.3

    Second 25 percent

3.6

3.4

0.1

0.3

    Third 25 percent

3.9

2.7

0.1

    Highest 25 percent

3.2

2.3

2.8

2.6

0.0

0.0

    Highest 10 percent

4.4

3.4

0.1

0.0

Establishment characteristics

           

Service-providing industries

3.3

2.4

3.4

2.3

0.0

0.1

    Education and health services

4.8

4.9

0.1

0.0

        Educational services

4.9

5.4

0.1

0.0

            Elementary and secondary schools

4.9

3.2

4.8

0.3

0.0

0.0

            Junior colleges, colleges, and universities

8.0

10.2

0.1

        Health care and social assistance

7.6

4.3

0.1

            Hospitals

10.2

3.7

0.2

0.0

    Public administration

4.3

3.3

2.9

1.9

0.0

0.1

1 to 99 workers

8.0

8.0

4.3

1.4

0.1

    1 to 49 workers

7.8

7.9

0.1

0.0

    50 to 99 workers

10.7

10.2

1.6

0.1

0.3

100 workers or more

3.6

2.3

3.6

2.5

0.1

0.1

    100 to 499 workers

4.4

4.1

5.1

2.9

0.1

0.0

    500 workers or more

4.5

4.4

0.1

0.2

State government

5.9

4.9

0.1

0.0

Local government

3.1

2.3

2.7

0.9

0.0

0.4

Geographic areas

           

New England

8.9

8.0

0.2

Middle Atlantic

5.1

4.7

2.7

3.7

0.1

0.0

East North Central

6.0

2.1

0.1

0.0

West North Central

7.1

4.3

0.2

0.0

South Atlantic

5.6

5.4

0.1

0.3

East South Central

17.1

0.2

0.4

West South Central

5.5

7.7

0.0

0.1

Mountain

8.7

0.1

0.0

Pacific

5.4

0.7

0.1

0.0

Footnotes:

1Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount. Includes multiple of earnings
not shown separately.

2The percentile groupings are based on the average wage for each occupation surveyed, which may include workers both above and below the
threshold. The percentile values are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United
States, 2008." See Technical Note for more details.

NOTE: Dash indicates no workers in this category or data did not meet publication criteria. For definitions of major plans, key provisions, and related
terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20082009.htm.