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to Employee Benefits in the United States
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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
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Characteristics
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Flat dollar amounts2
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10th
percentile
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25th
percentile
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50th
percentile
(median)
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75th
percentile
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90th
percentile
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Management, professional, and related
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Primary, secondary, and special education
school teachers
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Office and administrative support
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Natural resources, construction, and maintenance
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Production, transportation, and material moving
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Average wage within the following categories:3
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Establishment characteristics
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Service-providing industries
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Education and health services
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Elementary and secondary schools
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Junior colleges, colleges, and universities
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Healthcare and social assistance
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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.
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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."
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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.
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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.
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United States Department of Labor
