Defined benefit frozen retirement plans: Plan alternatives Standard Errors

Table 7. Standard errors for defined benefit frozen retirement plans:1 Plan
alternatives, State and local government workers, National Compensation
Survey, March 2009

Characteristics

Alternatives
to frozen
plans
available

Alternatives for employees in frozen
plans2

New defined
benefit plan

Enhanced
existing
defined
contribution
plan

New defined
contribution
plan

All workers

0.0

1.2

0.3

Worker characteristics

       

Management, professional, and related

0.0

1.2

0.4

    Professional and related

0.0

1.3

0.5

        Teachers

0.0

0.9

            Primary, secondary, and special education
             school teachers

0.0

1.3

3.4

        Registered nurses

0.0

0.7

Service

0.0

3.2

0.4

    Protective service

0.0

5.0

Sales and office

0.0

3.3

9.4

    Office and administrative support

0.0

3.4

9.6

Natural resources, construction, and maintenance

0.0

3.1

Production, transportation, and material moving

0.0

1.0

Full time

0.0

1.3

0.3

Part time

0.0

1.5

Union

0.0

1.2

Nonunion

0.0

2.5

1.2

5.1

Wage percentiles:3

       

    Lowest 10 percent

0.0

8.7

    Lowest 25 percent

0.0

2.6

0.5

    Second 25 percent

0.0

1.7

    Third 25 percent

0.0

2.4

    Highest 25 percent

0.0

1.3

    Highest 10 percent

0.0

1.2

Establishment characteristics

       

Service-providing industries

0.0

1.2

0.3

    Education and health services

0.0

1.1

0.5

4.0

        Educational services

0.0

1.2

3.5

            Elementary and secondary schools

0.0

1.3

3.0

            Junior colleges, colleges, and universities

0.0

2.5

        Health care and social assistance

0.0

3.2

            Hospitals

0.0

4.5

1.1

    Public administration

0.0

2.3

1 to 99 workers

0.0

6.5

10.1

    1 to 49 workers

0.0

15.8

    50 to 99 workers

0.0

1.2

100 workers or more

0.0

1.1

0.3

    100 to 499 workers

0.0

3.0

    500 workers or more

0.0

0.9

5.2

State government

0.0

3.3

Local government

0.0

1.0

0.3

3.5

Geographic areas

       

New England

0.0

2.3

Middle Atlantic

0.0

0.7

0.7

East North Central

0.0

5.1

West North Central

0.0

11.1

South Atlantic

0.0

7.7

6.8

West South Central

0.0

6.3

Mountain

0.0

2.6

Pacific

0.0

0.6

14.7

Footnotes:

1Plans closed to new workers or plans that cease accruals for some or all plan participants.

2The sum of the individual components may be greater than the total because some employers offer more than one
alternative.

3The 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.