Standard Errors
Life insurance plans: Flat-dollar amount benefit formulas

Table 22. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
State and local government workers, National Compensation Survey, March 2011

Characteristics

Flat dollar amounts2

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$0.00

$0.00

$0.00

$0.00

$0.00

Worker characteristics

         

Management, professional, and related

0.00

0.00

0.00

6,218.35

0.00

    Professional and related

0.00

0.00

781.02

5,871.21

0.00

        Teachers

1,481.89

312.41

468.61

0.00

0.00

Service

0.00

0.00

0.00

5,073.89

0.00

    Protective service

0.00

0.00

3,660.00

4,287.99

781.02

Sales and office

0.00

0.00

0.00

2,590.37

0.00

    Office and administrative support

0.00

0.00

312.41

2,066.40

0.00

Natural resources, construction, and maintenance

781.02

0.00

0.00

3,074.90

0.00

Full time

0.00

0.00

0.00

1,042.03

0.00

Part time

2,200.77

5,759.23

5,896.61

1,952.56

0.00

Union

0.00

0.00

0.00

0.00

0.00

Nonunion

0.00

0.00

220.91

0.00

2,316.89

Average wage within the following categories:3

         

    Lowest 25 percent

0.00

0.00

781.02

0.00

0.00

    Second 25 percent

0.00

0.00

0.00

0.00

0.00

    Third 25 percent

0.00

0.00

312.41

1,868.61

0.00

    Highest 25 percent

0.00

0.00

0.00

0.00

0.00

        Highest 10 percent

910.82

6,199.19

1,249.64

0.00

0.00

Establishment characteristics

         

Service-providing industries

0.00

0.00

0.00

0.00

0.00

    Education and health services

0.00

0.00

0.00

6,169.11

0.00

        Educational services

156.20

0.00

1,760.34

6,654.77

0.00

            Elementary and secondary schools

2,381.81

0.00

6,343.63

6,851.69

0.00

        Health care and social assistance

0.00

0.00

1,104.54

4,529.82

0.00

    Public administration

0.00

0.00

0.00

3,124.10

0.00

1 to 99 workers

0.00

0.00

2,705.55

0.00

3,492.85

    50 to 99 workers

0.00

0.00

2,922.33

7,072.48

9,174.97

100 workers or more

0.00

0.00

0.00

991.01

0.00

    500 workers or more

0.00

0.00

0.00

1,352.77

0.00

State government

0.00

0.00

5,896.61

781.02

0.00

Local government

1,399.32

0.00

0.00

5,068.24

0.00

Geographic areas

         

New England

0.00

0.00

781.02

0.00

11,854.61

East North Central

0.00

3,531.06

3,485.86

0.00

0.00

West North Central

0.00

2,189.66

5,467.17

11,767.33

0.00

South Atlantic

1,325.44

1,104.54

3,655.00

5,522.68

0.00

West South Central

0.00

3,826.23

0.00

0.00

3,534.52

Mountain

0.00

0.00

0.00

8,077.47

0.00

Pacific

0.00

0.00

6,763.87

4,939.64

0.00

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&nb sp;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, 2010." 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/glossary20102011.htm.