Table 12. Standard errors for traditional defined benefit plans: Terminal earnings formulas, private industry workers, 2017
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 |
5.7 |
0.00 |
0.14 |
0.06 |
0.09 |
0.28 |
5.7 |
- |
3.8 |
- |
3.9 |
Management, professional, and related |
6.9 |
0.03 |
0.19 |
0.13 |
0.05 |
- |
6.9 |
- |
8.2 |
- |
- |
Management, business, and financial |
6.7 |
0.05 |
0.29 |
0.10 |
0.09 |
0.00 |
6.7 |
- |
- |
- |
- |
Professional and related |
10.9 |
0.03 |
0.18 |
0.18 |
0.45 |
- |
10.9 |
- |
- |
- |
- |
Sales and office |
9.7 |
0.08 |
0.17 |
0.17 |
0.11 |
0.00 |
9.7 |
- |
- |
4.2 |
- |
Office and administrative support |
9.3 |
0.09 |
0.16 |
0.17 |
0.10 |
0.00 |
9.3 |
- |
- |
- |
- |
Natural resources, construction, and maintenance |
9.2 |
0.26 |
0.23 |
- |
0.03 |
0.72 |
9.2 |
4.5 |
- |
- |
- |
Installation, maintenance, and repair |
10.3 |
0.28 |
0.21 |
0.19 |
0.24 |
0.62 |
10.3 |
5.0 |
- |
- |
- |
Production, transportation, and material moving |
7.9 |
- |
0.16 |
0.22 |
0.00 |
0.02 |
7.9 |
- |
3.3 |
- |
- |
Full time |
5.9 |
0.03 |
0.14 |
0.05 |
0.09 |
0.25 |
5.9 |
- |
3.8 |
- |
3.6 |
Part time |
10.9 |
0.28 |
0.16 |
0.21 |
0.23 |
0.05 |
10.9 |
- |
- |
- |
- |
Union |
9.6 |
0.26 |
0.23 |
0.00 |
0.46 |
0.20 |
9.6 |
- |
- |
- |
- |
Nonunion |
6.9 |
0.00 |
0.18 |
0.09 |
0.12 |
0.34 |
6.9 |
- |
5.2 |
- |
3.8 |
Average wage within the following categories: |
|
Second 25 percent |
9.3 |
- |
0.04 |
- |
- |
0.13 |
9.3 |
- |
- |
- |
- |
Third 25 percent |
8.3 |
0.00 |
0.24 |
0.16 |
0.46 |
0.00 |
8.3 |
- |
- |
- |
- |
Highest 25 percent |
6.6 |
0.05 |
0.14 |
0.05 |
0.05 |
0.45 |
6.6 |
- |
5.7 |
- |
- |
Highest 10 percent |
10.2 |
0.07 |
0.23 |
0.00 |
0.08 |
0.00 |
10.2 |
- |
- |
- |
- |
Establishment characteristics
|
|
Goods-producing industries |
11.9 |
- |
- |
0.00 |
0.00 |
0.00 |
11.9 |
- |
- |
- |
- |
Service-providing industries |
6.1 |
0.05 |
0.11 |
0.19 |
0.14 |
0.22 |
6.1 |
- |
4.7 |
1.7 |
- |
Trade, transportation, and utilities |
6.9 |
0.00 |
0.20 |
0.20 |
0.00 |
0.06 |
6.9 |
- |
- |
- |
- |
Financial activities |
6.2 |
0.00 |
0.08 |
0.18 |
0.18 |
0.00 |
6.2 |
- |
6.3 |
5.5 |
- |
Finance and insurance |
6.2 |
0.00 |
0.08 |
0.18 |
0.18 |
0.00 |
6.2 |
- |
6.3 |
5.5 |
- |
Education and health services |
12.3 |
0.00 |
0.16 |
0.05 |
- |
0.00 |
12.3 |
- |
- |
- |
- |
1 to 99 workers |
12.7 |
0.00 |
0.00 |
- |
0.10 |
0.38 |
12.7 |
- |
- |
- |
- |
1 to 49 workers |
13.0 |
0.00 |
0.04 |
- |
0.05 |
0.46 |
13.0 |
- |
- |
- |
- |
100 workers or more |
6.8 |
0.19 |
0.19 |
0.07 |
0.12 |
0.28 |
6.8 |
- |
4.1 |
- |
3.0 |
100 to 499 workers |
12.1 |
- |
0.14 |
0.05 |
0.19 |
- |
12.1 |
- |
- |
- |
- |
500 workers or more |
7.3 |
0.24 |
0.14 |
0.08 |
0.09 |
0.41 |
7.3 |
- |
5.4 |
- |
4.1 |
Geographic areas
|
|
Northeast |
7.3 |
0.00 |
0.06 |
0.05 |
0.26 |
0.05 |
7.3 |
- |
- |
- |
- |
Middle Atlantic |
7.7 |
0.00 |
0.00 |
0.04 |
0.26 |
0.07 |
7.7 |
4.0 |
- |
- |
- |
South |
8.2 |
0.30 |
0.06 |
0.07 |
0.08 |
0.02 |
8.2 |
- |
4.6 |
- |
- |
South Atlantic |
10.5 |
- |
0.36 |
0.14 |
0.00 |
0.17 |
10.5 |
- |
8.0 |
- |
- |
Midwest |
8.8 |
- |
0.04 |
- |
0.13 |
- |
8.8 |
- |
9.7 |
- |
- |
East North Central |
10.4 |
- |
- |
- |
0.08 |
- |
10.4 |
- |
- |
- |
- |
West North Central |
13.7 |
0.00 |
0.00 |
- |
0.05 |
0.00 |
13.7 |
- |
- |
- |
- |
Last Modified Date: May 15, 2018
|