Defined benefit frozen retirement plans: Plan alternatives

Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, State and local government workers, March
2016
(All workers participating in frozen defined benefit plans = 100 percent)
Characteristics No
alternative to
frozen plans
Alternatives
to frozen
plans
Alternatives to frozen plans2
Modified
existing
defined
benefit plan
New defined
benefit plan
Enhanced
existing
defined
contribution
plan
New defined
contribution
plan
Other
Worker characteristics
             
Management, professional, and related
100
94
6
17
    Professional and related
100
94
6
16
        Teachers
100
96
4
17
            Primary, secondary, and special education
             school teachers
100
96
4
17
Sales and office
100
93
7
18
    Office and administrative support
100
93
7
18
Natural resources, construction, and maintenance
100
86
10
14
Production, transportation, and material moving
100
90
7
21
Part time
100
96
4
13
Union
100
95
5
20
Average wage within the following categories:3
             
    Lowest 25 percent
100
92
7
18
        Lowest 10 percent
100
94
6
15
    Highest 25 percent
100
96
4
17
        Highest 10 percent
100
96
3
22
Establishment characteristics
             
Service-providing industries:
     Education and health services
100
95
5
16
        Educational services
100
95
5
16
            Elementary and secondary schools
100
96
4
18
            Junior colleges, colleges, and universities
100
93
6
12
        Health care and social assistance
100
92
8
10
            Hospitals
100
93
7
4
1 to 99 workers
100
89
    1 to 49 workers
100
92
    50 to 99 workers
100
86
100 workers or more:
     100 to 499 workers
100
90
9
17
State government
100
90
10
16
Geographic areas
             
Northeast
100
97
3
23
    New England
100
96
4
4
    Middle Atlantic
100
97
3
29
South:
    East South Central
100
89
    West South Central
100
95
Midwest
100
94
5
15
    East North Central
100
97
22
    West North Central
100
88
West
100
93
7
7
    Mountain
100
94
    Pacific
100
92
1Plans closed to new workers or plans that cease accruals for some or all plan participants.
2The sum of the individual components may be greater than the total because some employers offer more than one alternative.
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 2016.

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/glossary20152016.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.