Importance of retirement benefits in compensation
August 02, 1999
In the construction industry, employees receive more of their compensation in the form of retirement and savings benefits than in any other industry.
Retirement benefits represented 4.9 percent of the compensation per hour of full-time employees in construction in March 1999. In comparison, full-time private industry workers earned 3.2 percent of their compensation in retirement benefits on average.
Workers in transportation and public utilities had the second highest percentage of compensation received as retirement benefits—4.5 percent. In the four other industries shown in the chart, the proportion was about the same as or below the average for all industries.
These data are a product of the BLS Employment Cost Trends program. Additional information is available from "Employer Costs for Employee Compensation, March 1999," news release USDL 99-173.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Importance of retirement benefits in compensation on the Internet at http://www.bls.gov/opub/ted/1999/aug/wk1/art01.htm (visited April 29, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.