Table 14. Traditional defined benefit plans: Availability of early retirement with selected requirements, private industry workers, 2017 (All workers participating in traditional defined benefit plans = 100 percent)
Characteristics |
Early
retirement
available |
Early retirement age requirements (in years) |
Age 55 |
10th
percentile |
25th
percentile |
50th
percentile
(median) |
75th
percentile |
90th
percentile |
Less than 10
years of
service |
10 years or
more of
service |
Worker characteristics
|
|
All workers |
97 |
50 |
55 |
55 |
55 |
55 |
24 |
46 |
Management, professional, and related |
100 |
55 |
55 |
55 |
55 |
55 |
32 |
43 |
Management, business, and financial |
100 |
55 |
55 |
55 |
55 |
55 |
46 |
38 |
Professional and related |
100 |
50 |
55 |
55 |
55 |
57 |
24 |
46 |
Service |
97 |
55 |
55 |
55 |
55 |
55 |
- |
- |
Sales and office |
93 |
50 |
55 |
55 |
55 |
55 |
24 |
45 |
Sales and related |
- |
50 |
55 |
55 |
55 |
55 |
- |
- |
Office and administrative support |
95 |
50 |
55 |
55 |
55 |
55 |
24 |
44 |
Natural resources, construction, and maintenance |
97 |
- |
55 |
55 |
55 |
60 |
17 |
47 |
Construction, extraction, farming, fishing, and
forestry |
100 |
53 |
55 |
55 |
55 |
60 |
- |
52 |
Installation, maintenance, and repair |
94 |
50 |
55 |
55 |
55 |
60 |
18 |
39 |
Production, transportation, and material moving |
97 |
50 |
50 |
55 |
55 |
55 |
- |
48 |
Production |
100 |
55 |
55 |
55 |
55 |
55 |
- |
63 |
Transportation and material moving |
95 |
50 |
50 |
55 |
55 |
55 |
- |
39 |
Full time |
99 |
50 |
55 |
55 |
55 |
55 |
25 |
48 |
Part time |
85 |
50 |
50 |
55 |
55 |
55 |
- |
33 |
Union |
95 |
50 |
55 |
55 |
55 |
57 |
16 |
46 |
Nonunion |
100 |
55 |
55 |
55 |
55 |
55 |
35 |
47 |
Average wage within the following categories: |
|
Lowest 25 percent |
78 |
50 |
55 |
55 |
55 |
55 |
- |
- |
Second 25 percent |
99 |
50 |
55 |
55 |
55 |
55 |
32 |
42 |
Third 25 percent |
99 |
53 |
55 |
55 |
55 |
55 |
29 |
51 |
Highest 25 percent |
98 |
50 |
55 |
55 |
55 |
55 |
19 |
47 |
Highest 10 percent |
100 |
55 |
55 |
55 |
55 |
55 |
18 |
61 |
Establishment characteristics
|
|
Goods-producing industries |
100 |
53 |
55 |
55 |
55 |
55 |
19 |
61 |
Construction |
100 |
45 |
55 |
55 |
55 |
60 |
- |
43 |
Manufacturing |
100 |
55 |
55 |
55 |
55 |
55 |
- |
69 |
Service-providing industries |
96 |
50 |
55 |
55 |
55 |
55 |
27 |
39 |
Trade, transportation, and utilities |
90 |
50 |
50 |
55 |
55 |
55 |
18 |
38 |
Transportation and warehousing |
92 |
50 |
50 |
55 |
55 |
55 |
- |
38 |
Utilities |
100 |
50 |
55 |
55 |
57 |
57 |
- |
- |
Financial activities |
100 |
53 |
55 |
55 |
55 |
55 |
37 |
45 |
Finance and insurance |
100 |
50 |
55 |
55 |
55 |
55 |
45 |
31 |
Credit intermediation and related activities |
100 |
55 |
55 |
55 |
55 |
55 |
- |
- |
Insurance carriers and related activities |
100 |
50 |
55 |
55 |
55 |
55 |
53 |
- |
Professional and business services |
100 |
- |
55 |
55 |
55 |
55 |
- |
67 |
Education and health services |
100 |
50 |
55 |
55 |
55 |
55 |
- |
31 |
Educational services |
100 |
50 |
50 |
55 |
55 |
57 |
- |
- |
Junior colleges, colleges, and universities |
100 |
55 |
55 |
55 |
55 |
57 |
30 |
- |
Health care and social assistance |
100 |
55 |
55 |
55 |
55 |
55 |
- |
- |
1 to 99 workers |
100 |
50 |
55 |
55 |
55 |
60 |
23 |
44 |
1 to 49 workers |
100 |
55 |
55 |
55 |
55 |
60 |
32 |
39 |
50 to 99 workers |
100 |
50 |
50 |
55 |
55 |
55 |
- |
56 |
100 workers or more |
96 |
50 |
55 |
55 |
55 |
55 |
25 |
47 |
100 to 499 workers |
95 |
50 |
55 |
55 |
55 |
55 |
24 |
39 |
500 workers or more |
97 |
50 |
55 |
55 |
55 |
55 |
25 |
51 |
Geographic areas
|
|
Northeast |
92 |
50 |
55 |
55 |
55 |
55 |
- |
48 |
New England |
97 |
55 |
55 |
55 |
55 |
55 |
- |
45 |
Middle Atlantic |
91 |
50 |
55 |
55 |
55 |
55 |
- |
49 |
South |
99 |
50 |
55 |
55 |
55 |
55 |
21 |
53 |
South Atlantic |
99 |
50 |
55 |
55 |
55 |
55 |
27 |
40 |
East South Central |
100 |
55 |
55 |
55 |
55 |
55 |
- |
84 |
West South Central |
100 |
50 |
55 |
55 |
55 |
55 |
- |
60 |
Midwest |
100 |
50 |
55 |
55 |
55 |
60 |
35 |
30 |
East North Central |
100 |
- |
53 |
55 |
55 |
60 |
30 |
27 |
West North Central |
100 |
55 |
55 |
55 |
55 |
55 |
48 |
- |
West |
98 |
50 |
55 |
55 |
55 |
55 |
- |
54 |
Mountain |
96 |
50 |
55 |
55 |
55 |
55 |
- |
- |
Pacific |
100 |
50 |
55 |
55 |
55 |
55 |
- |
65 |
Last Modified Date: May 15, 2018
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