Life insurance plans: Fixed multiple of earnings benefit formulas

Table 19. Life insurance plans: Fixed multiple of annual earnings benefit formulas, State and local
government workers, National Compensation Survey, March 2013

(All workers with fixed multiple of annual earnings formula life insurance coverage = 100 percent)

Characteristics

Multiple of annual earnings amounts1

Mean
multiple of
annual
earnings

Median
multiple of
annual
earnings

Less than
1.0 times
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

49

23

25

1.4

Worker characteristics

             

Management, professional, and related

47

23

26

1.4

1.5

    Professional and related

47

24

26

3

1.4

1.5

        Teachers

45

25

27

4

1.5

1.5

            Primary, secondary, and special education
             school teachers

47

27

24

2

1.4

Service

54

19

23

5

1.4

1.0

    Protective service

58

12

21

1.5

1.0

Sales and office

52

22

24

2

1.4

    Office and administrative support

52

23

23

2

1.4

Natural resources, construction, and maintenance

49

23

24

1.4

Production, transportation, and material moving

40

35

22

1.5

1.5

Full time

49

23

25

1.4

1.4

Part time

64

1.2

1.0

Union

57

27

11

1.3

1.0

Nonunion

43

19

36

1.5

1.5

Average wage within the following categories:2

             

    Lowest 25 percent

48

23

29

1.4

        Lowest 10 percent

42

21

1.5

1.5

    Second 25 percent

53

21

24

3

1.4

1.0

    Third 25 percent

54

19

24

1.4

1.0

    Highest 25 percent

42

28

22

1.5

1.5

        Highest 10 percent

41

26

21

1.6

1.5

Establishment characteristics

             

Service-providing industries

49

23

25

1.4

    Education and health services

47

23

28

2

1.4

1.5

        Educational services

44

23

30

2

1.5

1.5

            Elementary and secondary schools

43

28

27

1

1.4

1.5

            Junior colleges, colleges, and universities

44

5

1.5

        Healthcare and social assistance

62

21

1.3

1.0

            Hospitals

62

1.3

1.0

    Public administration

59

18

17

1.4

1.0

1 to 99 workers

55

17

7

1.4

    1 to 49 workers

50

1.4

    50 to 99 workers

59

1.4

1.0

100 workers or more

49

23

25

1.4

    100 to 499 workers

46

26

22

6

1.5

1.5

    500 workers or more

50

22

26

1.4

State government

49

19

3

1.4

Local government

49

24

23

1.4

1.3

Geographic areas

             

Middle Atlantic

27

51

6

15

1.7

1.5

East North Central

70

11

16

4

1.3

1.0

West North Central

38

1.4

1.5

South Atlantic

51

16

32

1.4

West South Central

35

1.5

1.5

Mountain

65

1.2

1.0

Pacific

81

1.1

1.0

1Includes participants in plans in which insurance equaled a multiple of
earnings plus or minus a specified amount.


NOTE: Because of rounding, sums of individual items may not equal totals.
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/glossary20122013.htm.

2Surveyed occupations are classified into wage categories based on the
average wage for the occupation, which may include workers with earnings
both above and below the threshold.  The categories were formed using
percentile estimates generated using data from the National Compensation
Survey publication, "Employer Costs for Employee Compensation - March
2013."