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

Employee Benefits Survey

ANNUAL BULLETIN ON BENEFIT COVERAGE

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

Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1 State and local government workers, National Compensation Survey, March 2010
Characteristics	Flat dollar amounts2
Characteristics	10th percentile	25th percentile	50th percentile (median)	75th percentile	90th percentile
All workers	$0.00	$0.00	$0.00	$468.61	$0.00
Worker characteristics
Management, professional, and related	0.00	0.00	0.00	7,272.76	0.00
Professional and related	0.00	0.00	624.82	7,051.75	0.00
Teachers	2,479.68	0.00	420.59	0.00	0.00
Service	0.00	0.00	0.00	6,472.14	0.00
Protective service	0.00	3,471.83	6,400.59	5,359.18	0.00
Sales and office	0.00	0.00	0.00	5,061.62	0.00
Office and administrative support	0.00	0.00	1,514.46	4,132.80	0.00
Full time	0.00	0.00	0.00	1,859.77	0.00
Part time	270.55	4,978.08	4,877.50	0.00	0.00
Union	0.00	0.00	0.00	0.00	0.00
Nonunion	0.00	0.00	0.00	1,913.11	3,936.24
Average wage within the following categories:3
Lowest 25 percent	0.00	0.00	1,794.66	781.02	0.00
Lowest 10 percent	0.00	0.00	781.02	1,352.77	5,080.87
Second 25 percent	0.00	0.00	441.81	2,590.37	0.00
Third 25 percent	0.00	0.00	2,542.83	2,353.41	0.00
Highest 25 percent	0.00	0.00	0.00	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	8,155.64	0.00
Educational services	0.00	0.00	1,179.32	7,405.34	0.00
Junior colleges, colleges, and universities	0.00	1,137.19	2,816.03	7,405.26	0.00
Health care and social assistance	0.00	0.00	2,705.55	2,283.22	0.00
Hospitals	0.00	0.00	5,522.68	11,580.13	0.00
Public administration	0.00	0.00	897.33	4,939.64	0.00
1 to 99 workers	0.00	0.00	2,816.03	0.00	5,844.66
1 to 49 workers	0.00	0.00	0.00	0.00	14,525.38
50 to 99 workers	0.00	0.00	4,620.61	6,049.79	8,154.14
100 workers or more	0.00	0.00	0.00	1,199.83	0.00
500 workers or more	0.00	0.00	0.00	3,024.90	0.00
State government	0.00	0.00	6,100.00	781.02	0.00
Local government	1,431.64	0.00	0.00	5,990.52	0.00
Geographic areas
East North Central	0.00	3,768.39	3,686.57	0.00	0.00
West North Central	0.00	2,707.80	4,132.80	11,741.38	0.00
South Atlantic	1,957.24	0.00	4,712.76	5,577.63	0.00
Mountain	0.00	0.00	0.00	7,065.58	0.00
Pacific	0.00	0.00	5,844.66	3,492.85	0.00
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.