Table 14. Standard errors for traditional defined benefit plans: Availability of early retirement with selected requirements, private industry workers, 2017
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 |
0.9 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
3.1 |
3.5 |
Management, professional, and related |
0.0 |
6.3 |
0.0 |
0.0 |
0.0 |
1.7 |
5.8 |
7.7 |
Management, business, and financial |
0.0 |
0.9 |
0.0 |
0.0 |
0.0 |
0.0 |
8.9 |
9.1 |
Professional and related |
0.0 |
5.1 |
0.0 |
0.0 |
0.0 |
4.9 |
6.9 |
9.1 |
Service |
1.8 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
Sales and office |
3.1 |
2.1 |
0.0 |
0.0 |
0.0 |
0.0 |
4.3 |
9.3 |
Sales and related |
- |
1.3 |
1.3 |
0.0 |
0.0 |
0.0 |
- |
- |
Office and administrative support |
2.3 |
5.0 |
0.0 |
0.0 |
0.0 |
0.0 |
5.5 |
11.8 |
Natural resources, construction, and maintenance |
2.1 |
- |
0.0 |
0.0 |
1.0 |
0.0 |
5.1 |
6.5 |
Construction, extraction, farming, fishing, and
forestry |
0.0 |
1.7 |
0.0 |
0.0 |
0.8 |
3.0 |
- |
9.3 |
Installation, maintenance, and repair |
4.7 |
1.6 |
0.0 |
0.0 |
1.6 |
0.5 |
4.4 |
7.9 |
Production, transportation, and material moving |
2.2 |
0.8 |
4.1 |
0.0 |
0.0 |
0.0 |
- |
6.4 |
Production |
0.0 |
7.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
9.7 |
Transportation and material moving |
3.6 |
2.2 |
0.0 |
1.3 |
0.0 |
0.0 |
- |
7.7 |
Full time |
1.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
3.3 |
3.6 |
Part time |
4.7 |
0.0 |
2.5 |
0.0 |
0.0 |
0.0 |
- |
7.3 |
Union |
1.6 |
0.0 |
1.6 |
0.0 |
0.0 |
3.5 |
3.9 |
4.6 |
Nonunion |
0.0 |
1.4 |
0.0 |
0.0 |
0.0 |
0.0 |
4.8 |
5.3 |
Average wage within the following categories: |
|
Lowest 25 percent |
7.6 |
1.6 |
2.2 |
0.0 |
0.0 |
0.0 |
- |
- |
Second 25 percent |
1.2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
7.2 |
10.4 |
Third 25 percent |
0.8 |
3.3 |
0.0 |
0.0 |
0.0 |
0.0 |
5.4 |
5.8 |
Highest 25 percent |
1.4 |
0.0 |
0.0 |
0.0 |
0.0 |
4.6 |
3.3 |
5.2 |
Highest 10 percent |
0.0 |
5.7 |
0.0 |
0.0 |
0.0 |
4.0 |
4.4 |
7.2 |
Establishment characteristics
|
|
Goods-producing industries |
0.0 |
3.4 |
0.0 |
0.0 |
0.0 |
0.6 |
4.4 |
5.7 |
Construction |
0.0 |
9.3 |
1.2 |
0.0 |
2.5 |
1.9 |
- |
8.5 |
Manufacturing |
0.0 |
0.9 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
7.4 |
Service-providing industries |
1.3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
4.1 |
3.9 |
Trade, transportation, and utilities |
2.8 |
0.0 |
4.1 |
0.0 |
0.0 |
0.6 |
4.6 |
5.7 |
Transportation and warehousing |
5.8 |
0.0 |
0.0 |
2.4 |
0.0 |
0.0 |
- |
10.3 |
Utilities |
0.0 |
0.0 |
1.3 |
0.0 |
2.2 |
0.0 |
- |
- |
Financial activities |
0.0 |
2.3 |
0.0 |
0.0 |
0.0 |
0.0 |
7.1 |
6.2 |
Finance and insurance |
0.0 |
3.0 |
0.0 |
0.0 |
0.0 |
0.0 |
8.7 |
6.9 |
Credit intermediation and related activities |
0.0 |
4.5 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
Insurance carriers and related activities |
0.0 |
0.0 |
2.4 |
0.0 |
0.0 |
0.0 |
10.6 |
- |
Professional and business services |
0.0 |
- |
0.0 |
0.0 |
0.0 |
0.0 |
- |
16.1 |
Education and health services |
0.0 |
7.1 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
8.2 |
Educational services |
0.0 |
0.0 |
6.1 |
2.6 |
0.0 |
2.2 |
- |
- |
Junior colleges, colleges, and universities |
0.0 |
0.0 |
0.0 |
0.0 |
1.6 |
1.2 |
6.9 |
- |
Health care and social assistance |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
1 to 99 workers |
0.0 |
2.8 |
0.0 |
0.0 |
0.0 |
5.5 |
4.5 |
5.4 |
1 to 49 workers |
0.0 |
2.2 |
0.0 |
0.0 |
0.0 |
4.6 |
6.6 |
6.2 |
50 to 99 workers |
0.0 |
0.0 |
5.0 |
0.0 |
0.0 |
5.8 |
- |
11.9 |
100 workers or more |
1.1 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
3.7 |
4.2 |
100 to 499 workers |
2.0 |
0.0 |
3.4 |
0.0 |
0.0 |
0.4 |
6.2 |
7.2 |
500 workers or more |
1.8 |
2.5 |
0.0 |
0.0 |
0.0 |
0.0 |
5.1 |
6.2 |
Geographic areas
|
|
Northeast |
3.0 |
6.9 |
0.0 |
0.0 |
0.0 |
2.8 |
- |
4.7 |
New England |
4.5 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
12.2 |
Middle Atlantic |
3.4 |
4.0 |
0.0 |
0.0 |
0.0 |
6.5 |
- |
4.4 |
South |
0.7 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
4.9 |
5.9 |
South Atlantic |
1.2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
8.0 |
7.2 |
East South Central |
0.0 |
5.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
4.1 |
West South Central |
0.0 |
0.0 |
3.8 |
0.0 |
0.0 |
0.0 |
- |
11.5 |
Midwest |
0.2 |
3.6 |
0.4 |
0.0 |
0.0 |
5.7 |
4.5 |
6.9 |
East North Central |
0.3 |
- |
2.9 |
0.0 |
0.4 |
2.6 |
5.8 |
7.5 |
West North Central |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
3.3 |
- |
West |
0.8 |
0.0 |
1.3 |
0.0 |
0.0 |
0.0 |
- |
11.5 |
Mountain |
1.7 |
0.0 |
6.1 |
0.0 |
0.0 |
0.0 |
- |
- |
Pacific |
0.3 |
3.0 |
0.0 |
0.0 |
0.0 |
0.0 |
- |
11.1 |
Last Modified Date: May 15, 2018
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