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Defined benefit frozen retirement plans: Selected attributes
Table 6. Defined benefit frozen retirement plans:1,2 Selected attributes, State and local government workers, National Compensation Survey, March 2014
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(All workers participating in frozen defined benefit plans = 100 percent)
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Characteristics
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Time since plan closed to new workers or stopped accruing benefits3
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1 year
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2 to 5 years
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Greater than 5 years
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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 categories4:
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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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Health care and social assistance
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1Plans closed to new workers or plans that cease accruals for some or all plan participants.
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2The 2014 estimates are not strictly comparable to corresponding estimates in previous years. See technical note for more information.
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3The length of time is calculated based on the year the plan was modified. For example, plans frozen after January 2013 are included in the "1 year" column. Those frozen between 2009 and 2012 are included in the "2 to 5 year" column and plans frozen before 2009 are included in the "Greater than 5 years" column.
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4Surveyed 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 ECEC data for March 2014.
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5Less than 0.5.
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Note: Because of rounding, sums of individual items may not equal totals. 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/glossary20132014.htm.
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