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

Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
State and local government workers, National Compensation Survey, March 2013

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

1,000.20

6,530.32

0.00

    Professional and related

0.00

0.00

1,000.20

6,569.90

0.00

        Teachers

1,021.20

0.00

1,115.53

624.82

0.00

            Primary, secondary, and special education
             school teachers

0.00

781.02

781.02

0.00

Service

0.00

0.00

0.00

0.00

    Protective service

0.00

0.00

3,313.61

7,044.50

0.00

Sales and office

0.00

0.00

0.00

3,220.25

0.00

    Office and administrative support

0.00

0.00

0.00

2,705.55

0.00

Natural resources, construction, and maintenance

0.00

0.00

1,352.77

3,865.88

0.00

Production, transportation, and material moving

0.00

1,104.54

5,121.52

0.00

Full time

0.00

0.00

0.00

2,069.38

0.00

Part time

3,821.24

1,171.54

0.00

Union

0.00

0.00

0.00

0.00

0.00

Nonunion

0.00

0.00

0.00

0.00

Average wage within the following categories:3

         

    Lowest 25 percent

671.68

0.00

0.00

0.00

0.00

        Lowest 10 percent

0.00

2,922.33

0.00

10,290.58

    Second 25 percent

0.00

0.00

0.00

1,171.54

0.00

    Third 25 percent

0.00

0.00

0.00

0.00

    Highest 25 percent

0.00

390.51

0.00

0.00

0.00

        Highest 10 percent

869.71

7,111.01

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

6,436.23

0.00

        Educational services

220.91

0.00

1,963.47

7,221.00

0.00

            Elementary and secondary schools

0.00

4,684.20

3,390.04

0.00

            Junior colleges, colleges, and universities

0.00

3,745.66

2,922.33

4,418.14

        Healthcare and social assistance

0.00

781.02

0.00

6,036.83

0.00

            Hospitals

0.00

781.02

781.02

5,319.08

0.00

    Public administration

0.00

0.00

0.00

4,939.64

0.00

1 to 99 workers

468.61

0.00

4,686.15

0.00

    1 to 49 workers

0.00

2,816.03

781.02

8,870.74

0.00

    50 to 99 workers

0.00

937.23

3,982.46

0.00

100 workers or more

0.00

0.00

0.00

0.00

0.00

    100 to 499 workers

1,418.80

1,015.33

0.00

0.00

    500 workers or more

0.00

0.00

0.00

3,336.54

0.00

State government

0.00

937.23

0.00

0.00

4,227.08

Local government

0.00

0.00

6,603.24

0.00

Geographic areas

         

New England

0.00

0.00

749.13

3,579.11

0.00

Middle Atlantic

0.00

0.00

0.00

0.00

East North Central

0.00

2,363.81

0.00

4,132.80

West North Central

0.00

1,921.07

2,807.35

0.00

South Atlantic

1,766.84

0.00

3,579.11

East South Central

0.00

0.00

781.02

11,045.36

West South Central

0.00

0.00

2,488.27

3,558.60

Mountain

0.00

1,352.77

0.00

10,594.34

0.00

Pacific

0.00

0.00

6,248.20

0.00

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.

3Surveyed 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&nbs p;2013."

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&n bsp;workers receive the same or less than
the amount shown. The remaining percentiles follow the same
logic.


NOTE: 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.