|
|
Life insurance plans: Flat-dollar amount benefit formulas Standard Errors
Table 16. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
civilian workers,2 National Compensation Survey, March 2008
|
(Includes workers participating in life insurance plans with flat-dollar amount formulas)
|
Characteristics
|
Flat dollar amounts3
|
10th
percentile
|
25th
percentile
|
50th
percentile
(median)
|
75th
percentile
|
90th
percentile
|
All workers
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Worker characteristics
|
|
|
|
|
|
Management, professional, and related
|
220.90 |
0.00 |
0.00 |
6,213.90 |
0.00 |
Management, business, and financial
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Professional and related
|
0.00 |
0.00 |
0.00 |
10,985.80 |
0.00 |
Teachers
|
156.20 |
0.00 |
7,642.90 |
7,794.60 |
0.00 |
Primary, secondary, and special education
school teachers
|
312.40 |
0.00 |
2,837.60 |
8,244.90 |
0.00 |
Registered nurses
|
1,787.20 |
1,003.20 |
1,727.10 |
5,948.10 |
0.00 |
Service
|
0.00 |
441.80 |
0.00 |
0.00 |
589.70 |
Sales and office
|
732.70 |
0.00 |
1,037.60 |
0.00 |
0.00 |
Sales and related
|
0.00 |
0.00 |
0.00 |
1,781.00 |
18,169.10 |
Office and administrative support
|
3,464.80 |
0.00 |
5,712.40 |
1,746.40 |
0.00 |
Natural resources, construction, and maintenance
|
390.50 |
0.00 |
0.00 |
0.00 |
0.00 |
Construction, extraction, farming, fishing, and
forestry
|
3,267.30 |
0.00 |
0.00 |
0.00 |
1,562.00 |
Installation, maintenance, and repair
|
0.00 |
0.00 |
805.10 |
1,735.90 |
2,000.40 |
Production, transportation, and material moving
|
1,318.50 |
0.00 |
0.00 |
0.00 |
6,727.70 |
Production
|
0.00 |
78.10 |
5,154.80 |
0.00 |
6,663.90 |
Transportation and material moving
|
0.00 |
0.00 |
0.00 |
2,855.80 |
11,251.10 |
Full time
|
1,927.40 |
0.00 |
0.00 |
0.00 |
0.00 |
Part time
|
468.60 |
0.00 |
0.00 |
0.00 |
16,322.80 |
Union
|
0.00 |
0.00 |
0.00 |
1,435.90 |
0.00 |
Nonunion
|
3,814.20 |
0.00 |
0.00 |
0.00 |
0.00 |
Establishment characteristics
|
|
|
|
|
|
Goods-producing industries
|
$0.00 |
$0.00 |
$5,393.00 |
$0.00 |
$1,082.20 |
Service-providing industries
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Education and health services
|
0.00 |
0.00 |
1,577.60 |
3,708.40 |
0.00 |
Educational services
|
0.00 |
0.00 |
0.00 |
1,746.40 |
0.00 |
Elementary and secondary schools
|
156.20 |
0.00 |
0.00 |
5,047.70 |
0.00 |
Junior colleges, colleges, and universities
|
0.00 |
5,509.40 |
5,904.90 |
9,032.00 |
0.00 |
Health care and social assistance
|
826.60 |
0.00 |
4,889.40 |
5,964.50 |
4,877.50 |
Hospitals
|
1,000.20 |
0.00 |
2,788.80 |
4,348.60 |
0.00 |
Public administration
|
0.00 |
0.00 |
3,562.00 |
5,239.30 |
0.00 |
1 to 99 workers
|
5,043.50 |
0.00 |
0.00 |
0.00 |
0.00 |
1 to 49 workers
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
50 to 99 workers
|
0.00 |
0.00 |
0.00 |
2,922.30 |
9,874.30 |
100 workers or more
|
0.00 |
0.00 |
5,915.50 |
4,607.40 |
0.00 |
100 to 499 workers
|
2,787.70 |
0.00 |
4,491.20 |
0.00 |
0.00 |
500 workers or more
|
0.00 |
0.00 |
3,748.90 |
7,574.20 |
0.00 |
Geographic areas
|
|
|
|
|
|
New England
|
0.00 |
7,520.60 |
7,491.30 |
937.20 |
0.00 |
Middle Atlantic
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
East North Central
|
2,916.10 |
0.00 |
5,100.80 |
1,913.10 |
0.00 |
West North Central
|
0.00 |
0.00 |
2,066.40 |
7,362.40 |
0.00 |
South Atlantic
|
0.00 |
0.00 |
0.00 |
848.40 |
3,579.10 |
East South Central
|
0.00 |
0.00 |
413.30 |
4,153.40 |
15,294.50 |
West South Central
|
0.00 |
0.00 |
0.00 |
4,404.30 |
13,325.10 |
Mountain
|
1,789.60 |
0.00 |
6,581.00 |
1,913.10 |
4,939.60 |
Pacific
|
0.00 |
0.00 |
1,126.40 |
5,988.00 |
0.00 |
1Includes participants in plans providing a fixed benefit amount. Dollar amounts can-be-a flat amount or can vary by the employee’s earnings or length of service.
2Includes 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.
3The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of participating workers receive the same as or more than the amount shown, and half receive the same as or less than the amount shown. At the 25th percentile, one-fourth of participating workers receive the same or less than the amount shown. The remaining percentiles follow the same logic.
|
|
