Table 5. Defined benefit retirement plans: Open, soft and hard freeze plans, civilian workers,1 National Compensation Survey, March 2015
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(All workers participating in defined benefit plans = 100 percent)
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Characteristics
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Open plans2
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Soft freeze3
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Hard freeze4
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All participants still accruing benefits
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Some participants still accruing benefits
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Management, professional, and related
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Management, business, and financial
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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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Construction, extraction, farming, fishing, and forestry
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Installation, maintenance, and repair
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Production, transportation, and material moving
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Transportation and material moving
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Average wage within the following categories:6
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Establishment characteristics
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Goods-producing industries
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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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1Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal government. See Technical Note for further explanation.
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2Plans open to new participants.
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3New employees are not allowed in the plan. Benefit accruals may continue for existing participants.
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4Participants in these plans stop accruing benefits on the date the plan is frozen. The benefit the employee receives is calculated as of the day the plan was frozen.
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5Less than 0.5.
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6Surveyed 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 wage data for March 2015.
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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/glossary20142015.htm
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