Standard Errors
Life insurance plans: Method of benefit payment

Table 18. Standard errors for life insurance plans: Method of benefit payment, State
and local government workers, National Compensation Survey, March 2013

Characteristics

Basic life insurance method of payment

Fixed
multiple of
annual
earnings

Variable
multiple of
annual
earnings

Flat dollar
amount

Variable
dollar
amount

Other

All workers

2.0

0.3

1.9

0.5

0.6

Worker characteristics

          

Management, professional, and related

2.3

0.3

2.2

0.6

0.6

    Professional and related

2.4

0.4

2.3

0.6

0.6

        Teachers

2.4

0.4

2.4

0.9

0.8

            Primary, secondary, and special education
             school teachers

2.4

0.4

2.4

1.1

0.8

Service

2.3

0.5

2.2

0.9

0.4

    Protective service

3.2

0.8

3.2

1.6

0.2

Sales and office

3.2

–

3.0

1.3

–

    Office and administrative support

3.2

–

3.0

1.0

–

Natural resources, construction, and maintenance

3.3

–

3.3

1.0

–

Production, transportation, and material moving

4.0

1.1

4.4

–

–

Full time

2.0

0.3

1.9

0.5

0.6

Part time

5.1

–

4.7

1.1

–

Union

2.0

0.3

1.8

0.8

0.1

Nonunion

2.7

0.4

2.7

0.5

1.1

Average wage within the following categories:1

          

    Lowest 25 percent

2.7

0.2

2.7

0.6

1.0

        Lowest 10 percent

4.4

–

4.2

–

0.7

    Second 25 percent

2.8

0.5

2.7

0.8

1.0

    Third 25 percent

2.9

0.6

2.8

1.2

0.8

    Highest 25 percent

1.7

0.2

1.7

0.8

0.1

        Highest 10 percent

2.8

0.5

2.6

0.8

0.1

Establishment characteristics

          

Service-providing industries

2.0

0.3

1.9

0.5

0.5

    Education and health services

2.6

0.4

2.5

0.6

0.8

        Educational services

2.6

0.4

2.6

0.7

0.9

            Elementary and secondary schools

2.3

0.3

2.4

0.7

0.9

            Junior colleges, colleges, and universities

6.4

–

6.1

1.5

–

        Healthcare and social assistance

5.5

–

5.5

0.6

–

            Hospitals

6.7

–

6.7

–

–

    Public administration

2.7

0.5

2.7

0.6

0.5

1 to 99 workers

4.8

0.4

5.0

1.1

1.9

    1 to 49 workers

5.4

–

5.8

–

–

    50 to 99 workers

6.2

–

6.4

–

–

100 workers or more

2.2

0.3

2.0

0.5

0.6

    100 to 499 workers

3.2

–

3.3

1.1

–

    500 workers or more

2.4

0.4

2.2

0.6

0.7

State government

4.8

0.8

4.8

1.2

0.8

Local government

1.7

0.3

1.6

0.5

0.6

Geographic areas

          

New England

5.9

–

5.7

–

–

Middle Atlantic

2.4

0.2

2.4

1.3

–

East North Central

4.4

–

4.1

1.0

–

West North Central

11.1

–

10.5

2.1

–

South Atlantic

4.6

0.6

4.7

0.9

2.8

East South Central

10.6

–

10.0

–

–

West South Central

2.8

–

2.7

0.4

–

Mountain

4.1

–

5.9

–

–

Pacific

2.5

0.8

2.7

1.2

–

1Surveyed 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& nbsp;Compensation - March 2013."


NOTE: 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.