Life insurance plans: Flat-dollar amount benefit formulas Data Table

Table 21. Life insurance plans: Flat-dollar amount benefit formulas,1 State and local
government workers, National Compensation Survey, March 2010

(Includes workers participating in life insurance plans with flat-dollar amount formulas)

Characteristics

Flat dollar amounts2

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$5,000

$10,000

$20,000

$40,000

$50,000

Worker characteristics

 

 

 

 

 

Management, professional, and related

5,000

10,000

20,000

45,000

50,000

    Professional and related

5,000

10,000

20,000

45,000

50,000

        Teachers

5,000

10,000

25,000

50,000

50,000

Service

5,000

10,000

20,000

35,000

50,000

    Protective service

5,000

10,000

15,000

30,000

50,000

Sales and office

5,000

10,000

20,000

30,000

50,000

    Office and administrative support

5,000

10,000

20,000

30,000

50,000

Full time

5,000

10,000

20,000

40,000

50,000

Part time

5,000

13,750

25,000

50,000

50,000

Union

5,000

10,000

25,000

50,000

50,000

Nonunion

5,000

10,000

15,000

25,000

50,000

Average wage within the following categories:3

 

 

 

 

 

    Lowest 25 percent

5,000

10,000

20,000

25,000

50,000

        Lowest 10 percent

5,000

10,000

20,000

25,000

50,000

    Second 25 percent

5,000

10,000

20,000

30,000

50,000

    Third 25 percent

5,000

10,000

20,000

30,000

50,000

    Highest 25 percent

5,000

10,000

25,000

50,000

50,000

Establishment characteristics

 

 

 

 

 

Service-providing industries

5,000

10,000

20,000

40,000

50,000

    Education and health services

5,000

10,000

20,000

40,000

50,000

        Educational services

5,000

10,000

20,000

45,000

50,000

            Junior colleges, colleges, and universities

5,000

5,000

10,000

27,500

50,000

        Health care and social assistance

5,000

10,000

20,000

25,000

50,000

            Hospitals

5,000

10,000

15,000

25,000

50,000

    Public administration

5,000

10,000

20,000

30,000

50,000

1 to 99 workers

5,000

10,000

20,000

25,000

50,000

    1 to 49 workers

5,000

10,000

20,000

25,000

50,000

    50 to 99 workers

5,000

10,000

15,000

25,000

50,000

100 workers or more

5,000

10,000

20,000

40,000

50,000

    500 workers or more

5,000

10,000

20,000

40,000

50,000

State government

5,000

5,000

15,000

25,000

50,000

Local government

6,000

10,000

20,000

40,000

50,000

Geographic areas

 

 

 

 

 

East North Central

15,000

20,000

30,000

50,000

50,000

West North Central

10,000

15,000

20,000

40,000

50,000

South Atlantic

5,000

10,000

10,000

25,000

30,000

Mountain

10,000

15,000

20,000

40,000

50,000

Pacific

5,000

10,000

20,000

50,000

50,000

Footnotes:

1Includes participants in plans providing a fixed benefit amount. Dollar amounts can be a flat amount or can vary by the
employee’s earnings or length of service.

2The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th
percentile or median, half of participating workers receive the same as or more than the amount shown, and half receive the same as
or less than the amount shown. At the 25th percentile, one-fourth of participating workers receive the same or less than the amount
shown. The remaining percentiles follow the same logic.

3The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both
above and below the threshold. The average wages are based on the estimates published in the "National Compensation Survey:
Occupational Earnings in the United States, 2009." See Technical Note for more details.


NOTE: For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20092010.htm.