Dataset

Defined Benefit Retirement Plans--Selected Features: 2005

Added By Infochimps

The Statistical Abstract files are distributed by the US Census Department as Microsoft Excel files. These files have data mixed with notes and references, multiple tables per sheet, and, worst of all, the table headers are not easily matched to their rows and columns.

A few files had extraneous characters in the title. These were corrected to be consistent. A few files have a sheet of crufty gibberish in the first slot. The sheet order was shuffled but no data were changed.

The tables that were changed (this is table 536):

0166 0257 0362 0429 0445 0446 0459 0461 0462 0464 0465 0466 0467
0469 0479 0480 0481 0482 0483 0484 0485 0486 0487 0559 0628 0629
1144 1227 1231

This dataset consists of a table of 56 rows and 11 columns.

In percent. Covers full-time employees in private industry. Based on National Compensation Survey, a sample survey of 3,227 private industry establishments of all sizes, representing nearly 102 million workers; see Appendix III. For definition of defined benefit, see headnote, Table 535. See also Table 634

Footnotes

  1. Normal retirement is defined as the point at which the participant could
    retire and immediately receive all accrued benefits by virtue of service and
    earnings, without reduction due to age. If a plan had alternative age and
    service requirements, the earliest age and associated service were tabulated;
    if one alternative did not specify an age, it was the requirement tabulated.
    Some age and service requirements are not shown separately.
  2. Includes other service requirements not shown separately.
  3. In some plans, participants must also satisfy a minimum age or service
    requirement.
  4. Normal retirement is defined as the point at which the participant could
    retire and immediately receive all accrued benefits by virtue of service and
    earnings, without reduction due to age. If a plan had alternative age and
    service requirements, the earliest age and associated service were tabulated;
    if one alternative did not specify an age, it was the requirement tabulated.
    Some age and service requirements are not shown separately.
  5. In some plans, participants must also satisfy a minimum age or service
    requirement.
  6. Normal retirement is defined as the point at which the participant could
    retire and immediately receive all accrued benefits by virtue of service and
    retire and immediately receive all accrued benefits by virtue of service and
    earnings, without reduction due to age. If a plan had alternative age and
    earnings, without reduction due to age. If a plan had alternative age and
    service requirements, the earliest age and associated service were tabulated;
    service requirements, the earliest age and associated service were tabulated;
    if one alternative did not specify an age, it was the requirement tabulated.
    if one alternative did not specify an age, it was the requirement tabulated.
    Some age and service requirements are not shown separately.
    Some age and service requirements are not shown separately.
  7. In some plans, participants must also satisfy a minimum age or service
    requirement.
    requirement.
    |
  8. Provisions that restrict benefits, such as limits on the number of years
    of service included in benefit computations.
  9. Alternative formulas are generally designed to provide a minimum
    benefit for employees with short service or low earnings.
  10. Cash balance retirement plans are a defined benefit plan in which an
    account is maintained for each participant, with employer contributions based
    on employee earnings, plus interest, being credited to that account. Cash
    balance plans generally do not have provisions for many of the features
    found in traditional defined benefit plans. Due to the increase in the
    incidence of cash balance plans, the prevalence of some defined benefit plan
    provisions has declined from earlier surveys.
  11. Normal retirement is defined as the point at which the participant could
    retire and immediately receive all accrued benefits by virtue of service and
    earnings, without reduction due to age. If a plan had alternative age and
    service requirements, the earliest age and associated service were tabulated;
    if one alternative did not specify an age, it was the requirement tabulated.
    Some age and service requirements are not shown separately.
  12. In some plans, participants must also satisfy a minimum age or service
    requirement.

License

Public Domain (Government Work)

This dataset was prepared by the government and is therefore in the public domain. There are no restrictions upon its use.