|
Defined benefit retirement plans: Employee contribution requirement and method of contribution Standard Errors
Table 3. Standard errors for defined benefit retirement plans: Employee contribution requirement and method of contribution, State and local government workers, National Compensation Survey, March 2008
|
(All workers participating in defined benefit plans = 100 percent)
|
Characteristics
|
Employee contribution required
|
Fixed percent of earnings1
|
Employee contibution not required
|
Total
|
Mean fixed percent of earnings
|
Median fixed percent of earnings
|
All workers
|
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
Worker characteristics
|
|
|
|
|
|
Management, professional, and related
|
2.1 |
2.1 |
0.1 |
0.0 |
2.1 |
Professional and related
|
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
Teachers
|
2.1 |
2.1 |
0.1 |
0.1 |
2.1 |
Primary, secondary, and special education school teachers
|
2.2 |
2.2 |
0.1 |
0.1 |
2.2 |
Registered nurses
|
4.6 |
4.7 |
0.4 |
0.4 |
4.6 |
Service
|
2.1 |
2.2 |
0.1 |
0.4 |
2.1 |
Protective service
|
2.9 |
3.0 |
0.1 |
0.3 |
2.9 |
Sales and office
|
2.6 |
2.7 |
0.1 |
0.2 |
2.6 |
Office and administrative support
|
2.6 |
2.7 |
0.1 |
0.3 |
2.6 |
Natural resources, construction, and maintenance
|
3.1 |
3.2 |
0.2 |
0.4 |
3.1 |
Production, transportation, and material moving
|
3.0 |
3.3 |
0.2 |
0.4 |
3.0 |
Full time
|
2.0 |
2.1 |
0.1 |
0.1 |
2.0 |
Part time
|
2.1 |
2.6 |
0.2 |
0.1 |
2.1 |
Union
|
2.3 |
2.3 |
0.1 |
0.4 |
2.3 |
Nonunion
|
2.4 |
2.4 |
0.1 |
0.0 |
2.4 |
Average wage within the following percentiles:
|
|
|
|
|
|
Less than 10
|
3.0 |
3.3 |
0.2 |
0.5 |
3.0 |
10 to under 25
|
2.5 |
2.6 |
0.2 |
0.3 |
2.5 |
25 to under 50
|
2.5 |
2.5 |
0.1 |
0.2 |
2.5 |
50 to under 75
|
2.8 |
2.8 |
0.1 |
0.3 |
2.8 |
75 to under 90
|
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
90 or greater
|
1.8 |
2.0 |
0.1 |
0.2 |
1.8 |
Establishment characteristics
|
|
|
|
|
|
Service-providing industries
|
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
Education and health services
|
1.9 |
1.9 |
0.1 |
0.0 |
1.9 |
Educational services
|
1.9 |
2.0 |
0.1 |
0.0 |
1.9 |
Elementary and secondary schools
|
2.0 |
2.1 |
0.1 |
0.0 |
2.0 |
Junior colleges, colleges, and universities
|
3.3 |
3.5 |
0.2 |
0.3 |
3.3 |
Health care and social assistance
|
4.5 |
4.4 |
0.4 |
0.5 |
4.5 |
Hospitals
|
5.2 |
5.2 |
0.3 |
0.3 |
5.2 |
Public administration
|
2.9 |
2.9 |
0.1 |
0.0 |
2.9 |
1 to 99 workers
|
3.2 |
3.2 |
0.3 |
0.1 |
3.2 |
1 to 49 workers
|
2.9 |
3.1 |
0.3 |
0.3 |
2.9 |
50 to 99 workers
|
4.8 |
5.0 |
0.5 |
0.4 |
4.8 |
100 workers or more
|
2.0 |
2.0 |
0.1 |
0.0 |
2.0 |
100 to 499 workers
|
2.9 |
3.1 |
0.1 |
0.1 |
2.9 |
500 workers or more
|
2.2 |
2.2 |
0.1 |
0.0 |
2.2 |
State government
|
3.6 |
3.4 |
0.2 |
0.0 |
3.6 |
Local government
|
1.8 |
1.8 |
0.1 |
0.0 |
1.8 |
Geographic areas
|
|
|
|
|
|
Middle Atlantic
|
1.3 |
1.3 |
0.2 |
0.0 |
1.3 |
East North Central
|
5.7 |
5.6 |
0.3 |
0.1 |
5.7 |
West North Central
|
2.8 |
2.8 |
0.4 |
0.6 |
2.8 |
South Atlantic
|
6.0 |
6.1 |
0.2 |
0.0 |
6.0 |
East South Central
|
2.4 |
2.4 |
0.4 |
1.8 |
2.4 |
Pacific
|
5.6 |
5.2 |
0.2 |
0.0 |
5.6 |
1The employee contributes a fixed percentage of his or her earnings to the retirement plan.
NOTE: Dash indicates no workers in this category or data did not meet publication criteria.
|
|