Table 1. RETIREMENT BENEFITS: Access, participation, and take-up rates
Table 1. Retirement benefits:(1) Access, participation, and take-up rates,(2) National Compensation Survey, March 2008 (All workers = 100 percent) Civilian(3) Private industry State and local government Characteristics Access Particip- Take-up Access Particip- Take-up Access Particip- Take-up ation rate ation rate ation rate All workers................... 66 56 86 61 51 83 89 86 96 Worker characteristics Management, professional, and related....................... 81 74 92 76 68 90 91 88 96 Management, business, and financial................... 83 79 94 82 77 94 - - - Professional and related.... 80 73 91 73 64 88 91 88 96 Teachers.................. 82 79 96 - - - 91 88 97 Primary, secondary, and special education school teachers................ 90 88 98 - - - 96 95 98 Registered nurses......... 80 68 85 - - - 94 88 93 Service....................... 44 34 76 37 25 68 83 79 96 Protective service.......... - - - - - - 91 87 96 Sales and office.............. 67 57 85 65 55 84 90 87 97 Sales and related........... 60 46 77 60 46 77 - - - Office and administrative support..................... 71 64 90 68 60 88 91 88 97 Natural resources, construction, and maintenance 65 56 86 62 52 84 93 91 98 Construction, extraction, farming, fishing, and forestry.................... 61 51 84 58 47 82 - - - Installation, maintenance, and repair.................. 69 61 88 67 58 86 - - - Production, transportation, and material moving........... 66 55 83 65 54 82 87 85 98 Production.................. 68 57 84 68 57 84 - - - Transportation and material moving...................... 64 53 82 63 51 81 - - - Full time..................... 75 66 87 71 60 85 99 95 97 Part time..................... 33 25 76 32 23 73 40 37 94 Union......................... 90 86 96 85 80 95 97 94 97 Nonunion...................... 61 51 83 59 48 81 83 80 96 Average wage within the following percentiles:(4) Less than 10................ 26 15 59 25 14 57 58 55 94 10 to under 25.............. 45 32 72 41 28 68 84 81 96 25 to under 50.............. 66 55 83 63 50 80 93 90 96 50 to under 75.............. 76 68 90 70 61 87 95 91 96 75 to under 90.............. 84 78 93 79 73 91 97 94 97 90 or greater............... 88 82 94 84 78 92 98 95 97 Establishment characteristics Goods-producing industries.... 72 62 87 71 62 86 - - - Service-providing industries.. 64 55 86 59 49 82 89 86 96 Education and health services.................... 75 67 90 64 54 84 91 88 97 Educational services...... 85 82 96 64 58 91 91 88 97 Elementary and secondary schools................. 89 87 98 - - - 92 90 98 Junior colleges, colleges, and universities............ 85 79 93 85 77 91 85 80 94 Health care and social assistance................ 67 56 84 64 53 83 92 85 93 Hospitals............... 88 78 88 - - - 93 84 91 Public administration....... 89 86 96 - - - 89 86 96 1 to 99 workers............... 47 39 82 45 37 81 77 75 97 1 to 49 workers............. 42 35 83 41 34 82 71 69 97 50 to 99 workers............ 59 48 81 58 45 79 85 83 98 100 workers or more........... 82 72 88 79 67 85 91 88 96 100 to 499 workers.......... 75 63 85 73 60 83 87 84 96 500 workers or more......... 89 80 90 87 76 87 93 89 96 Geographic areas New England................... 60 53 89 56 49 87 85 82 96 Middle Atlantic............... 66 60 91 62 55 90 90 87 96 East North Central............ 67 59 89 64 56 87 85 82 97 West North Central............ 68 60 89 64 56 87 89 83 93 South Atlantic................ 68 56 83 63 50 79 90 86 95 East South Central............ 70 53 76 65 45 69 90 86 96 West South Central............ 61 52 84 56 45 80 91 89 99 Mountain...................... 67 56 83 63 51 80 89 87 97 Pacific....................... 64 55 86 58 49 83 92 89 97 1 Includes defined benefit pension plans and defined contribution retirement plans. Workers are considered as having access or as participating if they have access to or participate in at least one of these plan types. 2 The take-up rate is an estimate of the percentage of workers with access to a plan who participate in the plan, rounded for presentation. See Technical Note for more details. 3 Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal government. See Technical Note for further explanation. 4 The percentile groupings are based on the average wage for each occupation surveyed, which may include workers both above and below the threshold. The percentile values are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2007." See Technical Note for more details. NOTE: Dash indicates no workers in this category or data did not meet publication criteria.
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Last Modified Date: August 07, 2008