Table 6. Defined benefit frozen retirement plans:1 Selected attributes, private industry workers, National Compensation Survey, March 2015
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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 benefits2
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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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Management, business, and financial
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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:3
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Establishment characteristics
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Goods-producing industries
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Service-providing industries
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Trade, transportation, and utilities
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Transportation and warehousing
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Credit intermediation and related activities
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Insurance carriers and related activities
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Real estate and rental and leasing
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Professional and business services
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Professional and technical services
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Education and health services
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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 length of time is calculated based on the year the plan was modified. For example, plans frozen after January 2014 are included in the "1 year" column. Those frozen between 2010 and 2013 are included in the "2 to 5 year" column and plans frozen before 2010 are included in the "Greater than 5 years" column.
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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 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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