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.
|
|
