Subscribe to the Employee Benefits in the United States
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Standard Errors Life insurance plans: Fixed multiple of earnings benefit formulas
Table 20. Standard errors for life insurance plans: Fixed multiple of annual earnings benefit formulas, State and local government workers, National Compensation Survey, March 2011
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Characteristics
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Multiple of annual earnings amounts1
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Mean multiple of annual earnings
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Median multiple of annual earnings
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Less than 1.0 times earnings
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1.0 times earnings
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Over 1.0 and under 2.0 times earnings
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2.0 times earnings
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Greater than 2.0 times earnings
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Management, professional, and related
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Primary, secondary, and special education school teachers
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Office and administrative support
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Natural resources, construction, and maintenance
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Production, transportation, and material moving
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Average wage within the following categories:2
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Establishment characteristics
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Service-providing industries
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Education and health services
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Elementary and secondary schools
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Junior colleges, colleges, and universities
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Health care and social assistance
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1Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount.
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2The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both above and below the threshold. The average wages are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2010." See Technical Note for more details.
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NOTE: Dash indicates no workers in this category or data did not meet publication criteria. For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20102011.htm.
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