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Standard Errors
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Table 3. Standard errors for defined benefit retirement plans: Employee contribution | |||||||||||||||||||||||
Characteristics |
Employee |
Fixed percent of annual earnings1 |
Employee |
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Total |
Mean fixed |
Median fixed |
|||||||||||||||||||||
All workers |
1.8 |
1.9 |
0.1 |
0.0 |
1.8 |
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Worker characteristics |
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Management, professional, and related |
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
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Professional and related |
1.8 |
1.9 |
0.1 |
0.0 |
1.8 |
||||||||||||||||||
Teachers |
1.9 |
2.0 |
0.1 |
0.1 |
1.9 |
||||||||||||||||||
Primary, secondary, and special education |
1.9 |
1.9 |
0.1 |
0.1 |
1.9 |
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Service |
2.0 |
2.1 |
0.1 |
0.3 |
2.0 |
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Protective service |
2.9 |
3.0 |
0.2 |
0.5 |
2.9 |
||||||||||||||||||
Sales and office |
2.6 |
2.8 |
0.2 |
0.3 |
2.6 |
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Office and administrative support |
2.6 |
2.8 |
0.2 |
0.4 |
2.6 |
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Natural resources, construction, and maintenance |
2.6 |
2.6 |
0.2 |
0.4 |
2.6 |
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Production, transportation, and material moving |
2.9 |
3.3 |
0.2 |
0.3 |
2.9 |
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Full time |
1.9 |
2.0 |
0.1 |
0.0 |
1.9 |
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Part time |
2.1 |
2.4 |
0.2 |
0.1 |
2.1 |
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Union |
2.0 |
2.2 |
0.1 |
0.5 |
2.0 |
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Nonunion |
2.4 |
2.5 |
0.2 |
0.0 |
2.4 |
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Average wage within the following categories:2 |
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Lowest 25 percent |
2.5 |
2.6 |
0.2 |
0.0 |
2.5 |
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Lowest 10 percent |
3.4 |
3.6 |
0.3 |
0.7 |
3.4 |
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Second 25 percent |
2.3 |
2.4 |
0.1 |
0.4 |
2.3 |
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Third 25 percent |
2.3 |
2.4 |
0.1 |
0.3 |
2.3 |
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Highest 25 percent |
1.6 |
1.8 |
0.1 |
0.1 |
1.6 |
||||||||||||||||||
Highest 10 percent |
1.6 |
1.8 |
0.1 |
0.3 |
1.6 |
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Establishment characteristics |
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Service-providing industries |
1.8 |
1.9 |
0.1 |
0.0 |
1.8 |
||||||||||||||||||
Education and health services |
1.7 |
1.8 |
0.1 |
0.0 |
1.7 |
||||||||||||||||||
Educational services |
1.7 |
1.8 |
0.1 |
0.0 |
1.7 |
||||||||||||||||||
Elementary and secondary schools |
1.7 |
1.8 |
0.1 |
0.0 |
1.7 |
||||||||||||||||||
Junior colleges, colleges, and universities |
3.6 |
3.7 |
0.4 |
0.5 |
3.6 |
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Health care and social assistance |
4.5 |
4.5 |
0.3 |
0.7 |
4.5 |
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Hospitals |
5.4 |
5.5 |
0.4 |
0.7 |
5.4 |
||||||||||||||||||
Public administration |
2.9 |
2.9 |
0.1 |
0.0 |
2.9 |
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1 to 99 workers |
3.3 |
3.2 |
0.3 |
0.1 |
3.3 |
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1 to 49 workers |
2.9 |
3.0 |
0.3 |
0.2 |
2.9 |
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50 to 99 workers |
5.5 |
5.5 |
0.4 |
0.3 |
5.5 |
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100 workers or more |
1.8 |
1.9 |
0.1 |
0.0 |
1.8 |
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100 to 499 workers |
2.9 |
3.1 |
0.2 |
0.1 |
2.9 |
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500 workers or more |
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
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State government |
3.7 |
3.4 |
0.2 |
0.0 |
3.7 |
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Local government |
1.6 |
1.7 |
0.1 |
0.0 |
1.6 |
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Geographic areas |
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New England |
0.6 |
4.3 |
0.2 |
0.6 |
0.6 |
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Middle Atlantic |
1.3 |
1.2 |
0.2 |
0.0 |
1.3 |
||||||||||||||||||
East North Central |
5.8 |
5.7 |
0.2 |
0.1 |
5.8 |
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West North Central |
1.8 |
1.8 |
0.4 |
0.5 |
1.8 |
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South Atlantic |
5.2 |
5.2 |
0.1 |
0.0 |
5.2 |
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East South Central |
2.6 |
2.6 |
0.7 |
– |
2.6 |
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Pacific |
5.1 |
5.3 |
0.2 |
0.0 |
5.1 |
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