Table 12. Traditional defined benefit plans: Terminal earnings formulas, private industry workers, 2017 (All workers participating in traditional defined benefit plans with a terminal earnings formula = 100 percent)
Characteristics |
Flat
percent per
year of
service |
Flat percent per year of service |
Percent
per year
varies |
Percent per year varies by |
10th
percentile |
25th
percentile |
50th
percentile
(median) |
75th
percentile |
90th
percentile |
Service |
Earnings |
Earnings
and service |
Other |
Worker characteristics
|
|
All workers |
51 |
1.00 |
1.25 |
1.60 |
1.67 |
2.00 |
49 |
- |
20 |
- |
13 |
Management, professional, and related |
34 |
1.25 |
1.30 |
1.60 |
1.60 |
- |
66 |
- |
28 |
- |
- |
Management, business, and financial |
28 |
1.25 |
1.50 |
1.60 |
1.67 |
1.67 |
72 |
- |
- |
- |
- |
Professional and related |
37 |
1.25 |
1.30 |
1.60 |
1.60 |
- |
63 |
- |
- |
- |
- |
Sales and office |
58 |
1.00 |
1.25 |
1.60 |
1.75 |
1.75 |
42 |
- |
- |
14 |
- |
Office and administrative support |
63 |
1.00 |
1.25 |
1.60 |
1.75 |
1.75 |
37 |
- |
- |
- |
- |
Natural resources, construction, and maintenance |
54 |
1.00 |
1.25 |
- |
1.67 |
2.50 |
46 |
16 |
- |
- |
- |
Installation, maintenance, and repair |
54 |
1.00 |
1.20 |
1.67 |
1.67 |
2.50 |
46 |
17 |
- |
- |
- |
Production, transportation, and material moving |
69 |
- |
1.00 |
1.67 |
1.67 |
1.67 |
31 |
- |
11 |
- |
- |
Full time |
52 |
1.00 |
1.30 |
1.60 |
1.67 |
2.00 |
48 |
- |
20 |
- |
13 |
Part time |
43 |
1.00 |
1.25 |
1.45 |
1.67 |
1.75 |
57 |
- |
- |
- |
- |
Union |
63 |
1.20 |
1.45 |
1.67 |
1.67 |
2.00 |
37 |
- |
- |
- |
- |
Nonunion |
45 |
1.00 |
1.25 |
1.50 |
1.67 |
1.75 |
55 |
- |
26 |
- |
13 |
Average wage within the following categories: |
|
Second 25 percent |
63 |
- |
1.00 |
- |
- |
2.15 |
37 |
- |
- |
- |
- |
Third 25 percent |
59 |
1.00 |
1.20 |
1.60 |
1.67 |
2.00 |
41 |
- |
- |
- |
- |
Highest 25 percent |
44 |
1.25 |
1.45 |
1.60 |
1.67 |
1.75 |
56 |
- |
23 |
- |
- |
Highest 10 percent |
44 |
1.25 |
1.50 |
1.60 |
1.67 |
1.67 |
56 |
- |
- |
- |
- |
Establishment characteristics
|
|
Goods-producing industries |
42 |
- |
- |
1.60 |
1.60 |
1.60 |
58 |
- |
- |
- |
- |
Service-providing industries |
54 |
1.00 |
1.25 |
1.67 |
1.75 |
2.00 |
46 |
- |
20 |
7 |
- |
Trade, transportation, and utilities |
69 |
1.00 |
1.20 |
1.67 |
1.67 |
1.67 |
31 |
- |
- |
- |
- |
Financial activities |
24 |
1.00 |
1.00 |
1.20 |
1.50 |
1.50 |
76 |
- |
34 |
20 |
- |
Finance and insurance |
24 |
1.00 |
1.00 |
1.20 |
1.50 |
1.50 |
76 |
- |
34 |
20 |
- |
Education and health services |
55 |
1.25 |
1.25 |
1.45 |
- |
2.50 |
45 |
- |
- |
- |
- |
1 to 99 workers |
50 |
1.00 |
1.00 |
- |
1.67 |
1.67 |
50 |
- |
- |
- |
- |
1 to 49 workers |
50 |
1.00 |
1.00 |
- |
1.67 |
2.00 |
50 |
- |
- |
- |
- |
100 workers or more |
52 |
1.10 |
1.45 |
1.60 |
1.75 |
2.00 |
48 |
- |
21 |
- |
11 |
100 to 499 workers |
54 |
- |
1.50 |
1.67 |
1.75 |
- |
46 |
- |
- |
- |
- |
500 workers or more |
51 |
1.20 |
1.30 |
1.60 |
1.67 |
2.00 |
49 |
- |
25 |
- |
15 |
Geographic areas
|
|
Northeast |
27 |
1.00 |
1.20 |
1.25 |
1.30 |
1.67 |
73 |
- |
- |
- |
- |
Middle Atlantic |
28 |
1.00 |
1.20 |
1.30 |
1.40 |
1.67 |
72 |
14 |
- |
- |
- |
South |
70 |
1.25 |
1.50 |
1.60 |
1.67 |
1.75 |
30 |
- |
17 |
- |
- |
South Atlantic |
51 |
- |
1.45 |
1.67 |
1.67 |
1.67 |
49 |
- |
30 |
- |
- |
Midwest |
43 |
- |
1.00 |
- |
1.50 |
- |
57 |
- |
42 |
- |
- |
East North Central |
39 |
- |
- |
- |
1.50 |
- |
61 |
- |
- |
- |
- |
West North Central |
50 |
1.00 |
1.00 |
- |
1.60 |
1.67 |
50 |
- |
- |
- |
- |
Last Modified Date: May 15, 2018
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