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D ac9

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3 3
I f S ' S'

AU 1
G

1961

.UGE OfeKWA

Life Insurance and Accidental Death
and Dismemberment Benefits
Early Summer 1960

Bulletin No. 1296
UNITED STATES DEPARTMENT OF LABOR
Arthur J. Goldberg, Secretary
BUREAU O F LABOR STATISTICS
E w a n C l a g u e , C o m m is sio n e r




'vjjrcs Oj,




HEALTH AND INSURANCE PLANS
UNDER COLLECTIVE BARGAINING

Life Insurance and Accidental Death
and Dismemberment Benefits
Early Summer 1960

Bulletin No. 1296
June 1961

UNITED STATES DEPARTMENT OF LABOR
Arthur J. Goldberg, Secretary
BUREAU O F LABOR STATISTICS
Ewan Clague, Commissioner

For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington 25, D.C.




Price 25 cents







Preface

This study of the life insurance and acciden tal death and
d ism em berm en t benefit features o f health and insurance plans
under c o lle ctiv e bargaining, based on an analysis of 300 selected
plans, is the last in a se r ie s of 5 Bureau o f L abor Statistics
rep orts dealing sep arately with the various com ponents o f health
and insurance plans.
The fir s t rep ort d e scrib e d acciden t and
sick n ess benefits (BLS B ull. 1250, issu ed June 1959); the secon d,
h ospital benefits (BLS B ull. 1274, M arch I960); the third, s u r ­
gica l and m ed ica l benefits (BLS Bull. 1280, N ovem ber I960); and
the fourth, m a jor m ed ica l benefits (BLS B ull. 1293, May 1961).
As a w hole, this s e r ie s brings up to date the B ureau 's e a rlie r
A nalysis of Health and Insurance Plans Under C ollectiv e B a r­
gaining, Late 1955 (BLS B ull. 1221, N ovem ber 1957).
E ach o f the 300 plans analyzed co v e re d at lea st
1,000 w o rk e rs .
The selected plans, in total, provided benefit
cov era g e to alm ost 5 m illion w o rk e rs, or about tw o-fifth s of the
estim ated cov era g e o f all health and insurance plans under c o l ­
le ctiv e bargaining.
The p rov ision s o f these plans do not n e c e s ­
s a rily r e fle c t the p rov ision s of sm a ller plans under co lle ctiv e
bargaining or those in nonunion situations.
This study was conducted and the bulletin was p r e ­
pared in the B ureau 's D ivision of Wages and Industrial R e ­
lations by Dorothy R . Kittner, with the assista n ce o f Stanley S.
Sacks and M aurice L . Cunningham, under the su p ervision o f
Donald M . Landay.




Contents

Page

Introduction _____________________________________________________________________
Scope of study --------------- -------------------------------------------- -----P r e v a l e n c e --------------------------------------------------------------------Financing ----------------- _----------------------------------------------------Eligibility r e q u i r e m e n t s -------------------------------------------------------Life insurance for active w o r k e r s --------------------------------------------Basis for determ i n i n g a m o u n t ----------------------------------------------A m o u n t of insurance provided u n d e r flat-benefit plans -------------------A m o u n t of insurance provided b y graduated-accordingto-earnings plans ---------------------------------------------------------A m o u n t of insurance p r o vided b y graduated-by-lengthof-service p l a n s ____________________________________________________________
Variation in a m o u n t b a s e d on s e x ___________________________________________
Reduction in benefits during active e m p l o y m e n t ___________________ ________
Continuance of c o v e r a g e during layoff ------------ -------------------------Life insurance for retired w o r k e r s -------------------------------------------Life insurance for active w o r k e r s 1 dependents -------------------------------P e r m a n e n t a n d total disability provisions _____________________________________
Accidental death a n d d i s m e m b e r m e n t insurance ------------------------------

1
2
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4
5
5
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7
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8
8
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10

Tables:
1.

Health and insurance plans studied in m a n u f a c t u r i n g a n d n o n ­
m a n u f a c t u r i n g industries b y n u m b e r of w o r k e r s c o v e r e d
an d type of bargaining unit -------------------------------------------2. Health a n d insurance plans studied b y industry a n d groups eligible
for life insurance a n d accidental death a n d
d i s m e m b e r m e n t benefits _____________________________________________
3. Classification of plans providing life insurance and
accidental death and d i s m e m b e r m e n t benefits
b y g r o u p s eligible ____________________________________________________
4. M e t h o d of financing life insurance benefit b y g roups eligible
a n d type of bargaining unit ____________________________________________
5. M e t h o d of financing accidental death and d i s m e m b e r m e n t
benefits b y g roups eligible a n d type of
bargaining u n i t _________________________________________________________
6 . Relationship of m e t h o d of financing life insurance a n d
accidental death a n d d i s m e m b e r m e n t benefits
for active a nd retired w o r k e r s _______________________________________
7. Eligibility r e q u i r e m e n t s for life insurance a n d accidental
death a n d d i s m e m b e r m e n t benefits _____________________
8 . Plans
reducing or denying life insurance or accidental
death a n d d i s m e m b e r m e n t benefits for active w o r k e r s
hired after a specified a ge ____________________________________________
9. Basis of d e t ermining total a m o u n t of life insurance for
active w o r k e r s b y type of bargaining unit ____________________________
1 0 .
A m o u n t of life insurance provided active w o r k e r s under
plans providing a flat a m o u n t of insurance b y
m e t h o d of fin a n c i n g ----------------------------------------------------




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15

16

16
17

17
18

18

Contents — Continued

Page
Tables:—
11.

12.

13.

14.
15.
16.
17.

18.
19.

Continued

A m o u n t of life i nsurance provided active w o r k e r s earning
$4, 000 a n d $5, 000 yearly under plans graduating the
a m o u n t of insurance according to earnings alone b y
m e t h o d of financing ____________________ „______________________________
Plans extending life insurance benefit to retired
w o r k e r s b y basis of d etermining total a m o u n t of
insurance provided active w o r k e r s ____________________________________
A m o u n t s of life insurance provided w o r k e r s at age 65 a n d
70 w h o retired at age 65 a n d e a r n e d $4, 000 a n d $5, 000 yearly
before retirement _____________________________________________________
Disposition of life insurance benefit un d e r p e r m a n e n t
and total disability p r o v i s i o n s _________________________________________
Eligibility r e q u i r e m e n t s for p e r m a n e n t a n d total
disability life insurance b e n efit________________________________________
Basis for d etermining total a m o u n t of accidental death
and d i s m e m b e r m e n t benefit ________________
Relationship of accidental death benefit to a m o u n t of
life insurance provided w o r k e r s earning $4, 000 a n d
$5, 000 yearly _________________________________________________________
A m o u n t of accidental death benefit provided active
w o r k e r s b y plans providing a flat a m o u n t ____________________________
A m o u n t of accidental death benefit provided w o r k e r s earning
$4, 000 a n d $5, 000 yearly under plans graduating
the a m o u n t >of insurance according to earnings a l o n e -----------------




19

20

20
21
21
22

22
23

23

H e a lfh a n d In s u r a n c e P la n s U n d e r C o lle c t iv e B a r g a in in g

Life Insurance and Accidental Death and Dismemberment Benefits,
Early Summer 1960
In tr o d u c tio n

L ife in s u r a n c e in c lu d e d in c o l l e c t i v e l y b a r g a in e d h e a lth and in s u r a n c e
p r o g r a m s in v a r ia b ly c o v e r s d ea th a r is in g f r o m any c a u s e at any t im e , o n the
jo b o r o ff.
On th e o th e r hand, s o m e p la n s lim it a c c id e n t a l d ea th and d i s m e m ­
b e r m e n t b e n e fits to o f f - t h e - j o b a c c id e n t s , p r e s u m a b ly b e c a u s e p r o t e c t io n f o r
o n - t h e - j o b a c c id e n t s is p r o v id e d by w o r k m e n ’ s c o m p e n s a t io n .
W h e r e p a y a b le ,
b oth l if e in s u r a n c e and a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fits a r e p r o ­
v id e d in a d d itio n to w o r k m e n 's c o m p e n s a t io n b e n e fit s .
S im ila r ly , b oth b e n e fits
a r e p r o v id e d in a d d itio n to any d e a th b e n e fits that m a y be p a y a b le u n d e r a
p e n s io n p la n . 1

L ife in s u r a n c e and a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fits a r e
a lm o s t a lw a y s p r o v id e d th ro u g h g r o u p t e r m in s u r a n c e p o l i c i e s p u r c h a s e d f r o m
c o m m e r c i a l in s u r a n c e c a r r i e r s .
In a d d itio n to , o r o c c a s i o n a l ly in lie u o f,
g r o u p t e r m in s u r a n c e , s o m e p la n s h a v e g r o u p in s u r a n c e p o l i c i e s w ith p a id -u p
o r c a s h s u r r e n d e r v a lu e s .
U n lik e o t h e r h e a lth and in s u r a n c e b e n e fits , th e l if e
in s u r a n c e c o v e r a g e is a lw a y s co n tin u e d f o r at le a s t 30 d a y s a ft e r c e s s a t io n o f
a c t iv e e m p lo y m e n t and d u r in g th is p e r io d , the w o r k e r m a y c o n v e r t h is c o v e r a g e
to an in d iv id u a l p o li c y w ith ou t f i r s t b e in g r e q u ir e d to ta k e a p h y s ic a l e x a m in a tio n . 2
A fe w p la n s p r o v id e " d e a th " o r " f u n e r a l " b e n e fit s , s e l f - i n s u r e d by th e e m p lo y e r
o r by a fund to w h ic h he c o n tr ib u te d ; f o r th is stu dy, it w a s c o n s i d e r e d that
th e s e p la n s p r o v id e d a l if e in s u r a n c e b e n e fit u n le s s s u ch a. b e n e fit w a s in c id e n ta l
to a n o th e r m a jo r p u r p o s e , e . g. , to p r o v id e p e n s io n s .

A lth ou g h e m p l o y e r - s p o n s o r e d g r o u p lif e in s u r a n c e c o v e r a g e w a s in it ia lly
lim it e d to a c t iv e w o r k e r s , m a n y p la n s h a v e b e e n e x te n d e d to c o v e r r e t ir e d
w o r k e r s and s o m e to d e p e n d e n ts o f a c t iv e w o r k e r s .
W ith fe w e x c e p t io n s , o n ly
the a c tiv e w o r k e r r e c e i v e s a c c id e n t a l d e a th and d is m e m b e r m e n t b e n e fit s .
T h is stu dy d e s c r i b e s the c h a r a c t e r i s t i c s o f l if e in s u r a n c e and a c c id e n t a l
d e a th and d is m e m b e r m e n t b e n e fits u n d e r 300 s e le c t e d c o l l e c t i v e l y b a r g a in e d
h e a lth and in s u r a n c e p r o g r a m s in e f f e c t d u r in g the s u m m e r o f I9 6 0 .
The e lig i­
b ility r e q u ir e m e n t s , fin a n c in g m e th o d s , ty p e s and a m o u n ts o f b e n e fits , and the
p e r m a n e n t and t o ta l d is a b ilit y p r o v i s io n s o f the l if e in s u r a n c e p o l i c i e s w e r e
a n a ly z e d .
In a d d itio n to th e b e n e fits p r o v id e d u n d e r b a s ic in s u r a n c e p r o g r a m s that
c o v e r e d a ll w o r k e r s in th e b a r g a in in g u n it, s o m e p la n s m a d e a v a ila b le a d d itio n a l
o r s u p p le m e n ta r y lif e in s u r a n c e and a c c id e n t a l d e a th and d is m e m b e r m e n t b e n e fit s .

1 P e n s io n P la n s U n d er C o ll e c t i v e B a r g a in in g :
D ea th B e n e fits and S u r v iv o r
O p tio n s , D e c e m b e r I9 6 0 ( fo r t h c o m in g B L S B u l l .) .
2 T h is p r o v i s io n r e f l e c t s th e in flu e n c e o f th e N ew Y o r k State in s u r a n c e
la w w h ic h r e q u ir e s in s u r a n c e c o m p a n ie s d o in g b u s in e s s in th at S tate to in c lu d e
a 3 0 -d a y c o n v e r s io n p e r i o d in a ll t h e ir g r o u p t e r m in s u r a n c e c o n t r a c t s , r e g a r d ­
l e s s o f th e S tate in w h ic h th ey a r e w r itt e n .




2
W o r k e r s d e s i r i n g the a d d ed c o v e r a g e h ad to p a y a ll o r p a r t o f the c o s t o f s u ch
in c r e a s e d c o v e r a g e .
T h e p r o v i s io n s d e s c r i b e d in th is b u lle t in , u n le s s o t h e r w is e
in d ic a t e d , r e la t e to to ta l b e n e fits a v a ila b le to a c t iv e and r e t i r e d w o r k e r s (i. e . ,
b a s i c in s u r a n c e b e n e fits p lu s s u p p le m e n ta r y in s u r a n c e b e n e f i t s , w h e r e p r o v id e d ).
B e c a u s e o f the in c lu s io n o f s u p p le m e n ta r y c o v e r a g e , data p r e s e n t e d in th is s tu d y ,
e x c e p t w h e r e n o te d , a r e n ot c o m p a r a b le w ith th o s e sh o w n in the B u re a u * s p r e ­
v io u s stu d y . 3

S c o p e o f Study
T h e 300 h e a lth and in s u r a n c e p la n s s tu d ie d f o r l if e in s u r a n c e and a c c i d e n ­
ta l d ea th b e n e fit p r o v i s io n s w e r e s e le c t e d to p r o v id e a b r o a d l y r e p r e s e n t a t iv e
v ie w o f the typ e o f p r o t e c t io n p r o v id e d b y m a jo r p la n s u n d er c o l l e c t i v e b a r ­
g a in in g , i . e . , th o s e c o v e r i n g 1 ,0 0 0 o r m o r e w o r k e r s . 4 In s e le c t in g the s a m p le ,
c o n s i d e r a t i o n w a s g iv e n to in d u s tr y , g e o g r a p h ic lo c a t io n , typ e o f b a r g a in in g unit,
and s iz e o f p la n a s m e a s u r e d b y a c t iv e w o r k e r c o v e r a g e . 5
T h e 300 s e le c t e d
p la n s , ra n g in g in c o v e r a g e f r o m 1,00 0 to a h a lf m i ll io n w o r k e r s , p r o v id e d h e a lth
and in s u r a n c e p r o t e c t io n to a to ta l o f 4 . 9 m i ll io n w o r k e r s (ta b le 1), o r a bou t
4 0 p e r c e n t o f the e s t im a t e d to ta l n u m b e r o f w o r k e r s u n d er a ll h e a lth and in s u r a n c e
p la n s u n d er c o l l e c t i v e b a r g a in in g . 6 A lm o s t 3 out o f 4 p la n s (2 1 9 ), c o v e r i n g tw o th ir d s o f the w o r k e r s , w e r e in m a n u fa c tu r in g in d u s t r ie s (ta b le 2 ). N e a r ly a th ir d
o f the p la n s (9 5 ), c o v e r i n g m o r e than 40 p e r c e n t o f the w o r k e r s , w e r e n e g o tia t e d
b y m u lt ie m p lo y e r g r o u p s .

P r e v a le n c e
L ife in s u r a n c e w a s p r o v id e d a c t iv e w o r k e r s b y 295 o f the 300 p la n s
s tu d ie d (ta b le 2).
T h is b e n e fit w a s e x te n d e d to r e t ir e d w o r k e r s 7 b y a lm o s t
2 out o f 3 o f th e s e p la n s (1 8 9) r e p r e s e n t in g the s a m e p r o p o r t i o n o f the w o r k e r s
in the s a m p le .
A m u c h l a r g e r p r o p o r t i o n o f s in g le e m p lo y e r p la n s (a b o u t 3 out
o f 4) than o f m u lt ie m p lo y e r p la n s (3 out o f 10) e x te n d e d b e n e fit s to r e t i r e d
w orkers.
O n ly n in e p la n s , c o v e r i n g 5 p e r c e n t o f the w o r k e r s in the s a m p le ,
in s u r e d d e p e n d e n ts o f a c t iv e w o r k e r s ; o n ly on e o f th e s e n in e p la n s a ls o c o v e r e d
r e t i r e d w o r k e r s (ta b le 3).

3
A n a ly s is o f H e a lth and In s u r a n c e P la n s U n d er C o ll e c t i v e B a r g a in i n g ,
1955 (B L S B u ll. 1 22 1, N o v e m b e r 1957).
T h e s a m e s a m p le o f p la n s w a s u s e d f o r the s tu d ie s o f a c c id e n t and
s ic k n e s s b e n e fits (B L S B u ll. 1 2 5 0 ), h o s p it a l b e n e fit s (B L S B u ll. 1 2 7 4 ), s u r g i c a l
and m e d ic a l b e n e fits (B L S B u ll.
1 2 8 0 ), and m a jo r m e d ic a l b e n e fit s (B L S B u ll.
1 2 9 3 ), s u m m a r iz e d in th e M o n th ly L a b o r R e v ie w i s s u e s o f June 1959 (p p . 6 4 6 -6 5 2 ),
F e b r u a r y I9 6 0 (pp . 1 5 0 -1 6 0 ), June I9 60 (p p . 5 9 8 -6 0 4 ), J u ly I9 6 0 (p p . 7 1 0 -7 1 7 ), and
A p r il 1961 (pp . 3 7 1 -3 7 9 ), r e s p e c t i v e l y .
5 T h e s a m p le c o m p r i s e d 271 p la n s a ls o s tu d ie d in the B u re a u * s 1955 r e p o r t
and 29 r e p la c e m e n t s that w e r e r e q u ir e d b e c a u s e o f a d e c r e a s e in p la n c o v e r a g e
to fe w e r than 1 ,0 0 0 w o r k e r s , c o m p a n y m e r g e r o r sh u td o w n , o r la c k o f s u ffic ie n t
c u r r e n t d a ta .
6 A ll c o v e r a g e d ata r e p o r t e d in th is stu d y r e la t e to the n u m b e r o f a c t iv e
w o r k e r s (m e n and w o m e n ) c o v e r e d b y the p la n s .
N o a tte m p t w a s m a d e to d e t e r ­
m in e the n u m b e r o f w o m e n w o r k e r s , d e p e n d e n ts , o r r e t i r e d w o r k e r s c o v e r e d b y
the p la n s s tu d ie d .
7 T h e t e r m " r e t i r e d w o r k e r s , " as u s e d in th is b u lle t in , d o e s n ot n e c e s s a r i l y
c o v e r a ll p e n s i o n e r s .
W o r k e r s r e t i r e d b e f o r e the e x t e n s io n o f b e n e fit s to
p e n s io n e r s a r e s o m e t im e s n ot c o v e r e d and r e t i r e d w o r k e r s w h o d id n ot m e e t
p r e s c r i b e d e l ig i b i l it y r e q u ir e m e n t s a r e e x c lu d e d .
L a te




3

A c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fit s w e r e in c lu d e d in s o m e w h a t
m o r e than h a lf o f the 300 p la n s s tu d ie d (1 6 2 ), c o v e r i n g l e s s than h a lf o f the w o r k e r s
(47 p e r c e n t ) (ta b le 2).
In c o n t r a s t w ith the e x t e n s io n o f lif e in s u r a n c e , l e s s than
5 p e r c e n t o f th e s e p la n s p r o v id e d b e n e fit s f o r r e t i r e d w o r k e r s , and no p la n had
s u ch c o v e r a g e f o r d e p e n d e n ts .
F r o m la te 1955 to e a r l y s u m m e r I9 6 0 , the p r o p o r t io n o f p la n s s tu d ie d
that p r o v id e d l if e in s u r a n c e b e n e fit s to a c t iv e w o r k e r s and to t h e ir d e p e n d e n ts h as
r e m a in e d a b ou t the s a m e .
In c o n t r a s t , c o v e r a g e o f r e t i r e d w o r k e r s i n c r e a s e d
f r o m 49 p e r c e n t o f the p la n s in 1955 to 63 p e r c e n t in I9 6 0 .
D u rin g the s a m e
p e r i o d , th e r e w a s lit t le ch a n g e in a c c id e n t a l d e a th and d is m e m b e r m e n t b e n e fit
c o v e r a g e o f b o th a c t iv e and r e t ir e d w o r k e r s .
S u p p le m e n ta r y l if e in s u r a n c e c o v e r a g e w a s a v a ila b le to a c t iv e w o r k e r s
u n d e r 36 o f the 204 s in g le e m p lo y e r p la n s that p r o v id e d b a s ic c o v e r a g e ; no m u lt i­
e m p lo y e r p la n s p r o v id e d s u ch a d d itio n a l b e n e f it s .
O n ly 15 o f the 189 p la n s that
e x te n d e d b a s ic c o v e r a g e to r e t ir e d w o r k e r s a ls o e x te n d e d s u p p le m e n ta r y c o v e r a g e
to th em ; o n ly 3 p la n s p r o v id e d s u p p le m e n ta r y a c c id e n t a l d ea th and d is m e m b e r m e n t
b e n e fits .
F in a n c in g 8
T h e e n tir e c o s t o f l if e in s u r a n c e f o r the a c t iv e w o r k e r w a s p a id b y the
e m p lo y e r u n d e r a lm o s t 3 out o f 5 (16 8) o f the 295 p la n s (ta b le 4 ).
U n d e r the
r e m a in in g p la n s (1 2 7 ), the c o s t o f l if e in s u r a n c e c o v e r a g e w a s s h a r e d b y the
e m p lo y e r and w o r k e r . 9
U n d er m o s t p la n s (145) e m p lo y e r s p a id the e n tir e c o s t o f r e t ir e d w o r k e r s *
l if e in s u r a n c e c o v e r a g e .
C o n s id e r in g o n ly the 189 p la n s that p r o v id e d l if e i n s u r ­
a n c e f o r b o th g r o u p s , the e m p lo y e r fin a n c e d the e n tir e c o s t o f b e n e fits u n d e r
t h r e e - f o u r t h s o f the p la n s f o r r e t i r e e s , c o m p a r e d w ith l e s s than o n e - h a lf o f the
p la n s f o r a c t iv e w o r k e r s (ta b le 6 ).
T h ir ty p la n s (a b o u t o n e ou t o f six ) r e q u ir e d
the r e t i r e d w o r k e r to p a y p a r t o f the c o s t o f h is in s u r a n c e c o v e r a g e . 10 D ep en d en ts*
l if e in s u r a n c e c o v e r a g e w a s e m p lo y e r fin a n c e d u n d e r e ig h t o f the n ine p la n s p r o ­
v id in g s u ch c o v e r a g e ; it w a s jo in t ly fin a n c e d u n d e r the r e m a in in g o n e .
The a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fit w a s p a id f o r b y the
e m p lo y e r u n d e r 7 out o f 10 o f the 162 p la n s w ith this benefit (table 5 ).
U n d e r the
8 If the w o r k e r c o n tr ib u te d to w a r d the c o s t o f the h e a lth and in s u r a n c e
p r o g r a m a s a w h o le (w ith the e m p lo y e r p a y in g the r e m a in in g c o s t ) , the b e n e fit
w a s c l a s s i f i e d as jo in t ly fin a n c e d . If b o th b a s ic and s u p p le m e n ta r y in s u r a n c e w e r e
a v a ila b le to the w o r k e r (a c t iv e o r r e t ir e d ) , the b e n e fit w a s c l a s s i f i e d a c c o r d in g
to h ow the to ta l a m ou n t o f in s u r a n c e c o v e r a g e w a s fin a n c e d ; f o r e x a m p le , i f the
b a s ic c o v e r a g e w a s p a id f o r s o l e l y b y the e m p lo y e r and the s u p p le m e n ta r y c o v e r ­
a g e b y the a c t iv e w o r k e r , the b e n e fit w a s c l a s s i f i e d a s ’ ’ e m p lo y e r and w o r k e r ”
fin a n c e d .
9 F o u r o f th e s e p la n s p r o v id e d jo in t ly fin a n c e d b a s ic and s u p p le m e n ta r y
in s u r a n c e ; 21 p la n s p r o v id e d e m p lo y e r fin a n c e d b a s ic in s u r a n c e and jo i n t ly fin a n c e d
s u p p le m e n ta r y in s u r a n c e ; 7 p la n s , e m p lo y e r fin a n c e d b a s ic in s u r a n c e and w o r k e r
fin a n c e d s u p p le m e n ta r y in s u r a n c e ; and 4 p la n s p r o v id e d jo i n t ly fin a n c e d b a s ic
in s u r a n c e and w o r k e r fin a n c e d s u p p le m e n ta r y in s u r a n c e .
10 Th e e m p lo y e r p a id the fu ll c o s t o f the b a s ic in s u r a n c e e x te n d e d to r e ­
t i r e d w o r k e r s u n d e r 6 o f th e s e 30 p la n s and the r e t i r e d w o r k e r s c o n tr ib u te d o n ly
to w a r d the c o s t o f the s u p p le m e n ta r y in s u r a n c e e x te n d e d to h im (5 p la n s) o r p a id
the fu ll c o s t o f the a d d itio n a l c o v e r a g e (1 p la n ); 1 p la n p r o v id e d jo i n t ly fin a n c e d
b a s ic and s u p p le m e n ta r y in s u r a n c e .




4

r e m a in in g p la n s (4 9 ), the e m p lo y e r and th e w o r k e r s h a r e d th e c o s t . 11
The cost
o f r e t ir e d w o r k e r s ' b e n e fits w a s p a id s o le l y by th e e m p lo y e r u n d e r t h r e e p la n s,
and s h a r e d u n d e r f o u r p la n s .

L ife in s u r a n c e c o v e r a g e f o r r e t ir e d w o r k e r s w a s p r o v id e d by 4 out o f
5 (10 2) o f th e 127 p la n s that p r o v id e d jo in t ly fin a n c e d b e n e fits f o r a c t iv e w o r k e r s .
O n ly on e out o f tw o p la n s w ith e m p lo y e r fin a n c e d in s u r a n c e f o r a c t i v e w o r k e r s
e x te n d e d c o v e r a g e to r e t i r e d e m p lo y e e s , o w in g c h i e f l y to the s m a ll p r o p o r t io n
o f m u lt ie m p lo y e r p la n s that e x te n d e d b e n e fits to r e t i r e e s . H o w e v e r , u n d er 3 out
o f 5 o f th e 102 p la n s w ith jo in t ly fin a n c e d b e n e fits f o r a c t iv e w o r k e r s , w o r k e r s '
c o n tr ib u tio n s c e a s e d im m e d ia t e ly u p on r e t ir e m e n t (ta b le 6 ).
R e t ir e d w o r k e r s
a ls o r e c e i v e d e m p lo y e r fin a n c e d b e n e fits f r o m a ll but 3 o f the 87 p la n s w ith
s u ch b e n e fits f o r a c t iv e w o r k e r s .
O n ly fo u r p la n s r e q u ir e d r e t ir e d w o r k e r s to
a s s u m e the fu ll c o s t o f t h e ir c o v e r a g e .

E lig ib ilit y R e q u ir e m e n ts 12

L ife in s u r a n c e and a c c id e n t a l d e a th and d is m e m b e r m e n t b e n e fits w e r e
u s u a lly e f f e c t iv e a ft e r th e w o r k e r had c o m p le t e d a s h o r t p e r i o d o f e m p lo y m e n t
(ta b le 7 ).
A lm o s t t h r e e out o f fo u r p la n s m a d e l if e in s u r a n c e a v a ila b le by th e
end o f 4 m o n th s o f e m p lo y m e n t, and w ith in that s*ame t im e p e r io d , a c c id e n t a l
d ea th and d is m e m b e r m e n t b e n e fit p r o t e c t io n c o m m e n c e d u n d e r f o u r out o f f iv e
p la n s .
In p la n s p r o v id in g both b e n e fit s , h o w e v e r , th e e m p lo y m e n t p e r i o d r e q u ir e d
f o r c o v e r a g e by e a c h b e n e fit w a s , w ith s ix e x c e p t io n s , th e s a m e . W h e r e h e a lth and
in s u r a n c e p la n s e s t a b lis h e d d if fe r e n t e lig i b i l it y r u le s f o r t h e ir v a r io u s b e n e fits ,
w h ic h w a s n ot th e g e n e r a l p r a c t i c e , a lo n g e r e m p lo y m e n t p e r i o d w a s r e q u ir e d
f o r l if e in s u r a n c e and a c c id e n t a l d ea th b e n e fits than f o r o th e r ty p e s o f p r o t e c t io n . 13

One out o f s e v e n p la n s e ith e r r e d u c e d l if e in s u r a n c e b e n e fits o r d e n ie d
th e m to w o r k e r s h ir e d a ft e r th e y had r e a c h e d an a d v a n ce a g e — m o s t fr e q u e n tly
a g e 65 (ta b le 8 ).
T w e n t y -e ig h t p la n s r e d u c e d the b e n e fit and 13 p la n s d e n ie d
th e m to s u ch w o r k e r s .

T h e a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fit o f n e w ly h ir e d w o r k e r s
c o v e r e d by 10 o f th e 162 p la n s w a s a ls o a ff e c t e d by a g e at h ir in g .
S ix p r o v id e d
a r e d u c e d b e n e fit to o l d e r w o r k e r s , and fo u r p la n s no b e n e fit.

11 One o f t h e s e p la n s p r o v id e d e m p lo y e r fin a n c e d b a s ic a c c id e n t a l d e a th
and d is m e m b e r m e n t in s u r a n c e and jo in t ly fin a n c e d s u p p le m e n ta r y in s u r a n c e ; and
tw o p la n s p r o v id e d jo in t ly fin a n c e d b a s ic a c c id e n t a l d e a th and d is m e m b e r m e n t
i n s u r a n c e and w o r k e r fin a n c e d s u p p le m e n ta r y in s u r a n c e .
12 E lig ib ilit y r e q u ir e m e n t s , a s d is c u s s e d in th is s e c t io n , r e f e r o n ly t o the
p e r i o d o f e m p lo y m e n t r e q u ir e d o f the w o r k e r b e f o r e he is e l i g i b l e to p a r t ic ip a t e
in th e p la n .
U n d er s o m e p la n s , in a d d itio n to s p e c if y in g an e m p lo y m e n t r e q u i r e ­
m en t, a p e r i o d o f u n ion m e m b e r s h ip w a s a ls o r e q u ir e d .
T h is p e r i o d r a r e l y
e x c e e d e d the e m p lo y m e n t r e q u ir e m e n t .
13 T h e e l ig i b i l it y r e q u ir e m e n t s f o r o th e r b e n e fits in th e s a m e p la n s as
a n a ly z e d in th is b u lle tin w i ll b e fou n d in the o th e r b u lle tin s in th is s e r i e s .
For
a c c id e n t and s ic k n e s s b e n e fit s , s e e B LS B u ll. 1250, ta b le 5, p . 5; f o r h o s p it a l
b e n e fit s , B L S B u ll. 1274, ta b le 7, p. 10; and f o r s u r g i c a l and m e d ic a l b e n e fits ,
B L S B u ll. 1280, ta b le 9, p. 13.




5
L ife In s u ra n c e f o r A c t iv e W o r k e r s

B a s is f o r D e t e r m in in g A m o u n t. — A u n ifo r m o r " f l a t " a m ou n t o f
life
in s u r a n c e w a s p r o v id e d b y o v e r h a lf o f the 295 p la n s (ta b le 9 ).
U n d er the
r e m a in in g 136 p la n s , the to ta l a m ou n t o f in s u r a n c e a v a ila b le w as d e p e n d e n t on
e a r n in g s , s e r v i c e , o r o th e r c r i t e r i a a p p lic a b le to the in d iv id u a l w o r k e r .
O ver
1 out o f 3 o f the 295 p la n s , c o v e r i n g a lm o s t h a lf the w o r k e r s , c o n s i d e r e d
e a rn in g s in d e te r m in in g the a m ou n t o f b e n e f it s . 1
4 A s in 1 95 5, m u lt ie m p lo y e r
p la n s u s u a lly p r o v id e d a fla t am ou n t o f lif e in s u r a n c e , and s in g le e m p lo y e r
p r o g r a m s a g ra d u a te d a m ou n t. 15
A m ou n t o f In s u r a n c e P r o v id e d U n d er F la t - B e n e f i t P l a n s . — T h e to ta l
a m ou n t o f lif e in s u r a n c e a v a ila b le u n d e r the 159 f la t -b e n e fi t p la n s ra n g e d f r o m
$ 500 (8 p la n s) to $ 1 5 ,0 0 0 (1 p la n ).
O v e r h a lf o f th e s e p la n s (55 p e r c e n t ) ,
c o v e r i n g a s lig h tly l a r g e r p r o p o r t i o n o f the w o r k e r s (59 p e r c e n t ) , p r o v id e d l e s s
than $ 2 ,5 0 0 (ta b le 10).
A t le a s t $ 4 ,0 0 0 w a s p r o v id e d b y s lig h t ly m o r e than on e
out o f fo u r p la n s .
T h e a v e r a g e b e n e fit , in c lu d in g s u p p le m e n ts , w a s $ 2 ,4 3 1 ;
e x c lu d in g s u p p le m e n ts , the a v e r a g e b a s ic in s u r a n c e a m o u n te d to $ 2 ,2 7 0 — an
in c r e a s e o f 18 p e r c e n t o v e r the la te 1955 a v e r a g e . 16
J o in tly fin a n c e d fla t b e n e fits w e r e , on the a v e r a g e , m o r e than tw ic e the
a m ou n t o f the e m p lo y e r fin a n c e d b e n e fits ($ 4 ,4 5 9 > c o m p a r e d w ith $ 1 ,8 0 3 )
(ta b le 10).
M o r e than h a lf the w o r k e r s w ith in s u r a n c e fin a n c e d e n t ir e ly b y the
e m p lo y e r w e r e c o v e r e d f o r l e s s than $ 1 ,5 0 0 .

1 T w e n t y -fo u r o f the 36 p la n s w ith s u p p le m e n ta r y in s u r a n c e p r o v id e d a
4
fla t am ou n t o f b a s ic i n s u r a n c e , and the r e m a in in g p la n s p r o v id e d a b a s ic a m ou n t
g ra d u a te d a c c o r d in g to e a r n in g s (6 p la n s ) , s e r v i c e (5 p la n s ), o r e a r n in g s and
s e r v i c e (1 p la n ).
E x c e p t f o r 8 p la n s that p r o v id e d a fla t a m ou n t o f s u p p le m e n ta r y
as w e ll as b a s ic in s u r a n c e , the a m ou n t o f s u p p le m e n ta r y in s u r a n c e a v a ila b le
w a s b a s e d on e a r n in g s (in 3 p la n s , e a r n in g s and s e r v i c e ) .
15 T h e fo llo w in g ta b u la tio n s h o w s the b a s is f o r d e te r m in in g the a m ou n t o f
b a s ic lif e in s u r a n c e p r o v id e d b y the p la n s a n a ly z e d in th is b u lle t in and in the
1955 r e p o r t (C f. ta b le B - l in B L S B u ll. 1221).
U n lik e the d ata p r e s e n t e d in
ta b le 9» the b a s is f o r d e t e r m in in g the a m ou n t o f o p tio n a l in s u r a n c e p r o v id e d
u n d e r 36 s in g le e m p lo y e r p la n s p r o v id in g s u p p le m e n ta r y in s u r a n c e , d e s c r i b e d
in fo o tn o te 14, d o e s n ot a ff e c t the c l a s s i f i c a t i o n o f p la n s in th is ta b u la tio n .
Plans
Basis of determining amount
All plans providing basic life insurance______

I960

1955

295

284

Flat amount ---------------------------------------------175
177
Graduated amount--------------------------------------118
102
Earnings ---------------------------------------------89
75
Service-----------------------------------------------18
12
Length-of-uni on membership______________
2
4
Service and earnings------------------------------6
7
Other--------------------------------------------------3
4
Flat amount plus graduated amount__________
2
5
Union membership -----------2
0
Earnings or service-------------------------------0
5
16 B a s e d on a c o m p a r i s o n o f the a v e r a g e a m ou n t
s p e c if ie d in 175 p la n s
that p r o v id e d a fla t a m ou n t o f b a s ic in s u r a n c e c o v e r a g e in the s u m m e r o f
I9 6 0 w ith the a m ou n t
p r o v id e d u n d e r 177 p la n s in la te 1955 and sh o w n in
ta b le B - 2 , B L S B u ll. 1221.




6

A m ount
o f In su ra n ce
P r o v id e d
b y G r a d u a te d -A c c o r d in g -to -E a r n in g s
P l a n s .— T o sh o w the a m ou n t o f l if e in s u r a n c e p r o t e c t io n p r o v id e d b y g r a d u a te d
p la n s , the b e n e fit s p a y a b le to w o r k e r s at s e le c t e d e a r n in g s l e v e l s — $ 4 , 0 0 0 and
$ 5, 000 a y e a r — h a v e b e e n c o m p u te d .
It i s im p o r ta n t to n o te th at the a m o u n ts
sh ow n in th is b u lle t in f o r th e s e w o r k e r s u n d e r g r a d u a te d p la n s w o u ld n ot be
a p p lic a b le to w o r k e r s at o th e r e a r n in g s l e v e l s .
T h e to ta l a m ou n t o f l if e in s u r a n c e a v a ila b le to w o r k e r s e a r n in g $ 4 ,0 0 0
and $ 5, 000 a n n u a lly v a r i e d g r e a t ly a m o n g th e 104 p la n s that d e t e r m in e d in s u r a n c e
c o v e r a g e a c c o r d in g to e a r n in g s a lo n e .
C o v e r a g e r a n g e d f r o m $ 1, 500 to $ 11, 000
f o r w o r k e r s e a r n in g $ 4 ,0 0 0 y e a r l y , and f r o m $ 1 ,5 0 0 to $ 1 4 ,0 0 0 f o r th o s e w ith
ann u al e a r n in g s o f $ 5 ,0 0 0 .
O v e r 95 p e r c e n t o f the $ 4, 0 0 0 - a - y e a r w o r k e r s and
75 p e r c e n t o f the $ 5 , 0 0 0 - a - y e a r w o r k e r s w e r e c o v e r e d b y an a m o u n t e q u a l to o r
g r e a t e r than t h e ir annual e a r n in g s r a te (ta b le 11).
A t l e a s t $ 6 , 000 w a s p r o v id e d
w o r k e r s e a r n in g $ 4, 000 y e a r l y b y a lm o s t tw o out o f f iv e p la n s , r e p r e s e n t in g n e a r ly
a th ir d o f the w o r k e r s w h o s e in s u r a n c e w a s b a s e d on e a r n in g s a lo n e .
A t le a s t
th is a m ou n t w a s a v a ila b le to n e a r ly h a lf the $ 5, 0 0 0 - a - y e a r w o r k e r s u n d e r m o r e
than h a lf o f the p la n s .
A b o u t on e out o f s ix w o r k e r s u n d e r g r a d u a te d p la n s w a s
e l ig i b l e f o r in s u r a n c e e q u a l to at le a s t tw ic e h is a nn u al e a r n in g s r a t e .
On the
a v e r a g e , the $ 4, 0 0 0 - a - y e a r w o r k e r w a s in s u r e d f o r $ 5 ,3 1 8 , and the $5, 0 0 0 - a y e a r w o r k e r f o r $ 6, 3 64 .
T w o out o f th r e e g r a d u a te d p la n s , a s c o m p a r e d w ith o n ly s lig h t ly m o r e
than on e ou t o f fo u r fla t b e n e fit p la n s , r e q u ir e d the w o r k e r to c o n tr ib u te to w a r d
the c o s t o f h is to ta l c o v e r a g e (ta b le 11).
C o n t r ib u t o r y p la n s p r o v id e d h ig h e r
b e n e f it s , on the a v e r a g e , than n o n c o n t r ib u t o r y p la n s , but the d if f e r e n c e w a s n ot
a s g r e a t a m o n g g r a d u a te d p la n s a s a m o n g fla t p la n s .
F o r the $ 4, 0 0 0 - a - y e a r
w o r k e r , f o r e x a m p le , g r a d u a te d c o n t r ib u t o r y p la n s a v e r a g e d $ 5 ,4 1 6 and n o n ­
c o n t r ib u t o r y $ 5, 062— a d if fe r e n c e o f 7 p e r c e n t — c o m p a r e d w ith a d i f f e r e n c e o f
a lm o s t 150 p e r c e n t b e tw e e n the a v e r a g e f o r c o n t r ib u t o r y and n o n c o n t r ib u t o r y fla t
p la n s .
F o r the $ 5 ,0 0 0 - a - y e a r w o r k e r , jo i n t ly fin a n c e d g r a d u a te d b e n e fit s a v e r a g e d
$ 6 , 5 8 4 and the e m p l o y e r - f i n a n c e d b e n e fit , $ 5 , 7 90 , a d if f e r e n c e o f a bou t 14
p ercen t.
Th e a v e r a g e b a s ic b e n e fit p r o v id e d a $ 4, 0 0 0 - a - y e a r w o r k e r u n d e r p la n s
d e te r m in in g the b a s ic a m ou n t a c c o r d in g to e a r n in g s r o s e s lig h t ly d u r in g the la s t
5 y e a r s — i. e . , f r o m $ 4, 954 in la te 1955 to $ 4 ,9 9 0 in the s u m m e r o f I9 6 0 . 17
The
i n c r e a s e in th e s e a v e r a g e s d o e s n ot r e f l e c t the fa c t that s o m e o f the p la n s in ­
c r e a s e d the b e n e fit f o r w o r k e r s in the l o w e r and h ig h e r e a r n in g s c l a s s i f i c a t i o n s
w ith ou t a ffe c t in g the b e n e fit s o f $ 4 , 0 0 0 - a - y e a r w o r k e r s .
A m ou n t
of
In su ra n ce
P r o v id e d
b y G r a d u a te d -b y - L e n g t h - o f -S e r v ic e
P l a n s . 18— F o r a $ 47 0 0 0 - a - y e a r w o r k e r , the m in im u m b e n e fit p r o v id e d u n d e r the
29 p la n s that g r a d u a te d b e n e fit s a c c o r d in g to le n g th o f s e r v i c e r a n g e d f r o m $ 250
to $ 8 ,0 0 0 , w ith 3 out o f 4 o f th e s e 29 p la n s p r o v id in g $ 2 ,0 0 0 o r l e s s .
Th e
m a x im u m s r a n g e d f r o m $ 1 ,0 0 0 to $ 1 3 ,0 0 0 , but w e r e u s u a lly u n d e r $ 5 ,0 0 0 .
M in im u m c o v e r a g e w a s u s u a lly a v a ila b le a s s o o n a s the w o r k e r c o m p le t e d the
e m p lo y m e n t r e q u ir e m e n t s :
5 p la n s r e q u ir e d l e s s than 1 m o n th , 3 p la n s r e q u ir e d
1 o r 2 m o n th s , 16 p la n s r e q u ir e d 3 to 6 m o n th s in c lu s iv e , and 5 p la n s r e q u ir e d
a year.
O n ce a c q u ir in g m in im u m c o v e r a g e , the w o r k e r * s b e n e fit w a s i n c r e a s e d

17 B a s e d o n a c o m p a r i s o n o f the a v e r a g e b a s ic b e n e fit o f
w h ich e a r n in g s w e r e a f a c t o r in d e te r m in in g the b a s ic c o v e r a g e .
18 In c lu d e s 12 p la n s in w h ic h e a r n in g s w e r e a ls o a f a c t o r
the a m ou n t o f c o v e r a g e and 4 p la n s that b a s e d the a m o u n t on
m e m b e r s h ip , w h ich , f o r c a lc u la t io n p u r p o s e s , w a s a s s u m e d to
s e r v ic e .




the p la n s u n d e r
in d e te r m in in g
le n g t h -o f - u n i o n
e q u a l le n g th o f

7
u n til he r e c e iv e d th e m a x im u m b e n e fit p r o v id e d u n d e r the p la n (in f r o m 1 to
35 y e a r s ) .
M o s t fr e q u e n tly , as sh ow n b e lo w , 5 y e a r s ', o r lo n g e r , s e r v i c e w a s
r e q u ir e d to r e a c h th e m a x im u m .

Service or union membership requirement
for maximum life insurance benefit

Number of
plans

All plans with amount of life insurance
based on service or union membership-------------

29

1 year --------------------------------------------------------2 years --------------------------------------------------------

5
4
1
8
1
1
4
1
2
1
1

3 years _____________________________
5 years -------------------------------------------------------6 years _____________________________________
7 years -------------------------------------------------------10 years-------------------------------------------------------14 years-------------------------------------------------------15 years-------------------------------------------------------20 years-------------------------------------------------------35 years--------------------------------------------------------

V a r ia t io n in A m ou n t B a s e d on S e x . — G e n e r a lly , b o th m e n and w o m e n
r e c e iv e d th e s a m e a m ou n t o f l if e in s u r a n c e p r o t e c t io n ; o n ly 10 p la n s p r o v id e d
w o m e n w o r k e r s l e s s c o v e r a g e than m e n .
A s sh o w n b e lo w , m o s t fr e q u e n tly th e s e
10 p la n s p r o v id e d w o m e n w o r k e r s h a lf o f th e a m ou n t g iv e n to m e n .

Percent of amount of total life insurance provided
men workers that was provided women
workers with earnings of ,at
least $3,000 and not more
than $5,000 a year
All plans providing less insurance for women
workers than for men workers ________________________
50 percent
52 percent _
62 V
i
percent
66 2 percent
/J

Plans
10

Workers
(thousands)
8 8 .9

65.1
ll.5
2

21. 1

1

1.2

Under this plan, women earning less than $2,500 received 65 percent of the
amount provided men earning $3,000 or less.
1

T h e l if e in s u r a n c e b e n e fit f o r $ 4 , 0 0 0 - a - y e a r w o m e n w o r k e r s w a s l e s s th an t h e ir
annual e a r n in g s ra te u n d e r a ll e x c e p t 2 o f th e s e 10 p la n s .
R e d u c tio n in B e n e fits D u r in g A c t iv e E m p lo y m e n t . — A lth o u g h , u n d e r
m o s t p la n s , th e a m ou n t o f l i f e in s u r a n c e r e m a in e d u n ch a n g e d r e g a r d l e s s o f th e
w o r k e r 's a g e, in 24 p la n s , b e n e fits f o r a c t iv e w o r k e r s w e r e r e d u c e d at a g e 65.
One p la n d is c o n tin u e d b e n e fits at a g e 65.
T h r e e o t h e r p la n s , as sh ow n in the
f o llo w in g ta b le , r e d u c e d b e n e fits at a g e s 66 and 68:




8
Provision

Plans

Workers
(thousands)

Plans reducing or discontinuing benefit ------------

28

786.0

24

767. 5
6.7
5.0

Reduced at age:
6 5 ---------------------------------------------------- -----6 6 __________________________________
6 8 ---------------------------------------------------Discontinued at age:
6 5 ----------------------------------------------------

6.8

B e n e fits w e r e r e d u c e d by e it h e r o f tw o m e th o d s w h ic h w e r e a ls o c o m ­
m o n ly u s e d in r e d u c in g b e n e fits f o r r e t ir e d w o r k e r s .
A b ou t h a lf th e 27 p la n s
m a d e a s in g le r e d u c t io n at a s p e c if ie d a g e ; the r e s t g r a d u a lly r e d u c e d the c o v ­
e r a g e to a m in im u m l e v e l that w a s m a in ta in e d d u r in g the r e m a in d e r o f th e
w o r k e r ’ s e m p lo y m e n t.

C o n tin u a n ce o f C o v e r a g e D u r in g L a y o f f . 19— A lm o s t 3 ou t o f 5 p la n s
(175) p r o v id e d f o r th e co n tin u a tio n o f l if e in s u r a n c e f o r l a i d - o f f w o r k e r s .
A bou t
on e out o f f iv e o f th e s e p la n s p r o v id e d c o v e r a g e f o r m o r e than 6 m o n th s .
The
fin a n c in g o f b e n e fits f o r l a i d - o f f w o r k e r s w a s th e s a m e as f o r a c t iv e w o r k e r s
u n d e r t w o - t h ir d s o f the 175 p la n s .
T h e r e m a in in g p la n s r e q u ir e d w o r k e r s to
a s s u m e the fu ll c o s t o f t h e ir b e n e fit s .
In s o m e p la n s , the c o s t w a s to be
a s s u m e d im m e d ia t e ly u p on la y o ff, but in a l a r g e r p r o p o r t io n , a ft e r a s p e c if ie d
p e r i o d o f t im e ra n g in g f r o m 1 to 6 m o n th s a ft e r l a y o f f .
U n d e r 22 p la n s , f o r
e x a m p le , c o v e r a g e d u r in g la y o f f w a s p a id f o r by th e e m p lo y e r f o r the f i r s t
6 m o n th s and f o r an a d d itio n a l 18 m o n th s by the w o r k e r s w h o e le c t e d to co n tin u e
coverage.

L if e In s u r a n c e f o r R e t ir e d W o r k e r s
B e n e fits w e r e r e d u c e d u p on r e t ir e m e n t by a ll but a fe w o f th e 189 p la n s
that e x te n d e d l if e in s u r a n c e c o v e r a g e to r e t ir e d w o r k e r s .
O n ly 14 p la n s p r o v id e d
a ll w o r k e r s , th ro u g h o u t t h e ir e n tir e r e t ir e m e n t p e r io d , w ith c o v e r a g e eq u a l to
th at a v a ila b le to th e m im m e d ia t e ly b e fo r e r e t ir e m e n t (ta b le 12).
An a d d itio n a l
10 p la n s t e m p o r a r i ly co n tin u e d th e am ou n t in e f f e c t im m e d ia t e ly p r i o r to r e t i r e ­
m e n t, but a ft e r a d e s ig n a te d p e r i o d — u s u a lly a y e a r — c o v e r a g e w a s r e d u c e d .
U n d er 124 (a b ou t 2 out o f 3) o f th e 189 p la n s e x te n d in g l if e in s u r a n c e to
r e t ir e d w o r k e r s , im m e d ia t e ly u p on r e t ir e m e n t b e n e fit s w e r e r e d u c e d to an a m ou n t
w h ic h w a s th en m a in ta in e d d u r in g th e e n tir e r e t ir e m e n t p e r i o d .
B e n e fits u n d e r
28 p la n s w e r e r e d u c e d at th e t im e w o r k e r s r e t ir e d and p e r i o d i c a l l y t h e r e a f t e r
u n til a s p e c if ie d m in im u m l e v e l w a s r e a c h e d .

19

T h is

d is c u s s io n

e x c lu d e s the 3 0 -d a y c o n v e r s io n p e r i o d r e f e r r e d to o n

p . 1.
20 S ee fo o t n o t e s 6 and 7, p . 2.
E x c e p t w h e r e in d ic a te d , th e d is c u s s io n
r e la t e s to th e t o t a l a m ou n t o f in s u r a n c e ( b a s i c p lu s s u p p le m e n ta r y w h e r e p r o v id e d )
e x te n d e d to r e t ir e d w o r k e r s .




9
P r o v i s i o n f o r lif e in s u r a n c e c o v e r a g e f o r r e t i r e d w o r k e r s w a s m o s t
f r e q u e n t ly fou n d in p la n s that p r o v id e d a g ra d u a te d a m ou n t o f in s u r a n c e to a c t iv e
w orkers.
In o v e r fo u r out o f fiv e o f the p la n s w ith a g r a d u a te d b e n e fit f o r a c t iv e
w o r k e r s c o v e r a g e w a s e x te n d e d to r e t i r e d w o r k e r s , as a g a in s t l e s s than h a lf o f
th e f la t -b e n e fi t p la n s (ta b le s 9 and 1 2 ).
L en g th o f s e r v i c e w a s r a r e l y a f a c t o r in d e t e r m in in g a w o r k e r *s c o v e r a g e
a ft e r r e t ir e m e n t .
F e w e r than 1 out o f 5 p la n s (34) r e la t e d the b e n e fit a m ou n t to
th e n u m b e r o f y e a r s the w o r k e r h ad s e r v e d p r i o r to r e t ir e m e n t .
T h e a v e r a g e a m ou n t o f lif e in s u r a n c e p r o v id e d r e t i r e d w o r k e r s p r e v i o u s l y
e a r n in g $ 4 ,0 0 0 a y e a r w a s $ 2 , 0 1 9 at a g e 65 and $ 1 ,4 2 9 at a ge 70 (ta b le 13).
T h is 3 0 - p e r c e n t d e c lin e b e tw e e n the a g e s o f 65 and 70 s te m m e d f r o m the v e r y
s h a r p r e d u c t io n s
m a d e b y 23 p la n s
and the d is c o n tin u a n c e o f b e n e fits b y
3 p la n s . 21
F o r the s a m e r e a s o n , a lth o u g h 1 out o f 6 p la n s p r o v id e d at le a s t
$ 4 ,0 0 0 o f l if e in s u r a n c e f o r 6 5 - y e a r - o l d r e t i r e e s , o n ly a bou t 1 out o f 10 p la n s
p r o v id e d r e t i r e e s at a g e 70 w ith at le a s t th is a m o u n t.
S im ila r r e d u c t io n s w e r e
m a d e f o r r e t i r e e s f o r m e r l y e a r n in g $ 5 , 0 0 0 a y e a r .
B a s i c lif e in s u r a n c e c o v e r a g e f o r the 6 5 - y e a r - o l d r e t ir e d w o r k e r , w h o
e a r n e d $ 4 , 0 0 0 , a v e r a g e d $ 1 ,7 4 2 in the s u m m e r o f I9 6 0 as a g a in s t $ 1 ,6 8 4 in
la te 1955. 22
N o s ig n ific a n t ch a n g e in the a v e r a g e b a s ic a m ou n t a v a ila b le to
7 0 -y e a r -o ld r e t ir e e s w as re p o r te d .
L if e In s u r a n c e f o r A c t iv e W o r k e r s 1 D e p e n d e n ts
N ine p la n s — tw o m o r e than in la te 1955— p r o v id e d a life in s u r a n c e b e n e fit
f o r d e p e n d e n ts o f a c t iv e w o r k e r s .
S e v e n o f th e s e p la n s c o v e r e d a ll d e p e n d e n ts
(s p o u s e and d ep en d en t c h ild r e n ).
T h e c o v e r a g e f o r a d e p e n d e n t s p o u s e w a s , as
sh ow n b e lo w , e ith e r $ 500 ( s e v e n p la n s ) o r $ 1 ,0 0 0 (tw o p la n s ), w h ile f o r c h ild r e n
it r a n g e d f r o m $ 1 0 0 to $ 5 0 0 , d e p e n d in g o n t h e ir a g e .

Amount of insurance

Plans

Workers
(thousands)

All plans providing life insurance for dependents

9

245.4

Dependent children
Dependent spouse
$500
500
500
1 ,0 0 0

Minimum

Maximum

.

$100
100
100

500 500 .

$250

21 T h e s e data
r e la t e to 137 p la n s that p r o v id e d co m p u ta b le b e n e fit s at
65 and 70.
22 U n lik e the a v e r a g e s in ta b le
13 w h ic h in c lu d e s u p p le m e n ta l c o v e r a g e ,
th e s e I9 6 0 a v e r a g e s , lik e the 1955 a v e r a g e s , w e r e b a s e d o n the a m ou n t o f b a s ic
c o v e r a g e e x te n d e d to r e t i r e d w o r k e r s .
T h e y e x c lu d e the s u p p le m e n ta l c o v e r a g e
e x te n d e d to r e t ir e d w o r k e r s b y n in e p la n s that p r o v id e d a c tiv e w o r k e r s a fla t
a m ou n t o r an a m ou n t b a s e d o n e a r n in g s .

ages




10

P e r m a n e n t and T o t a l D is a b ilit y P r o v i s i o n s
A p e r m a n e n t a n d to ta l d is a b ilit y b e n e fit p r o v i s i o n w a s in c lu d e d in a ll but
20 o f the 295 p la n s p r o v id in g l i f e in s u r a n c e (ta b le 14).
A b o u t a fo u r t h o f the
p la n s (71) p r o v id e d f o r a c a s h s e ttle m e n t o f the fu ll p o l i c y a m o u n t, u s u a lly p a y a b le
in m o n th ly in s ta llm e n ts r a th e r than in a s in g le lu m p s u m .
T w o -t h ir d s o f the
p la n s ( 1 8 9 ) m a in ta in e d fche in s u r a n c e f o r the le n g th o f the d is a b ilit y o r f o r a
s p e c if ie d p e r i o d and w a iv e d c o n t r ib u t io n s f r o m d is a b le d w o r k e r s c o v e r e d b y
jo i n t ly fin a n c e d p la n s .
T h e fu ll a m o u n t o f in s u r a n c e w a s m a in ta in e d b y 2 out o f
3 (12 1) o f th e s e p la n s f o r the d u r a tio n o f th e d is a b ilit y , and b y 1 ou t o f 5 (37)
f o r a s tip u la te d p e r i o d — u s u a lly a y e a r .
T h e r e s t o f th e s e p la n s (31) m a in ta in e d
the fu ll a m ou n t o f c o v e r a g e f o r a s p e c if ie d p e r i o d , a ft e r w h ic h a r e d u c e d a m o u n t
w a s p r o v id e d f o r th e r e m a in d e r o f the d is a b ilit y p e r io d .
T o q u a lify f o r c o v e r a g e u n d e r the p e r m a n e n t and to ta l d is a b ilit y p r o v i s io n
o f the l i f e in s u r a n c e c o n t r a c t , the d is a b ilit y u s u a lly had to o c c u r b e f o r e a s ta te d
a g e — g e n e r a lly b e f o r e a g e 60 (1 9 4 p la n s) o r a g e 65 (5 2 p la n s) (ta b le 15).
O n ly
1 6 p la n s a ls o r e q u ir e d that the w o r k e r m u s t h a v e b e e n in s u r e d f o r o r m u s t h av e
w o r k e d f o r a s tip u la te d p e r i o d o f t im e .
A c c id e n t a l D ea th and D is m e m b e r m e n t I n s u r a n c e
The a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fit s fo u n d in 162 o f the 300
s e l e c t e d p la n s w e r e , w ith on e e x c e p t io n , p r o v id e d in a d d itio n to l i f e in s u r a n c e
b e n e f it s .
U n lik e l if e in s u r a n c e , h o w e v e r , w h ic h c o v e r e d d e a th f r o m a n y c a u s e at
a n y t im e , on e out o f fo u r a c c id e n t a l d e a th b e n e fit p la n s c o v e r e d o n ly o f f - t h e - j o b
a c c id e n ts .
T h is r e s t r i c t i o n w a s p r e s u m a b ly m a d e b e c a u s e w o r k e r s in v o lv e d in
o n - t h e - j o b a c c id e n t s w o u ld b e e n title d to w o r k m e n ^ c o m p e n s a t io n b e n e f it s .

Plans
All plans providing accidental death and
dismemberment benefits -----------------Occupational and nonoccupational
cases covered-------------------------------Only nonoccupational cases covered___
Only occupational cases covered---------

Workers
(thousands)

■

162

2,321.2

■

118
42

1,753.8
540.2
27.2

2

S e v e n ou t o f 10 o f the p la n s p r o v id e d a fla t a c c id e n t a l d e a th and d i s ­
m e m b e r m e n t b e n e fit (ta b le 16).
M o s t o f the r e m a in in g p la n s p r o v id e d a b e n e fit
g r a d u a te d a c c o r d in g to e a r n in g s .
E x c e p t f o r 15 p la n s , the b a s is f o r d e te r m in in g
the a m ou n t o f a c c id e n t a l d ea th and d is m e m b e r m e n t b e n e fit w a s the s a m e a s the
on e u s e d in d e te r m in in g the l i f e in s u r a n c e c o v e r a g e .
T h e a m ou n t o f the a c c id e n t a l d e a th b e n e fit in o v e r th r e e ou t o f f iv e o f the
p la n s w a s e q u a l to th e a m ou n t o f l if e in s u r a n c e p r o v id e d .
A lm o s t a ll o f the r e ­
m a in in g p la n s had a s m a l le r a c c id e n t a l d e a th b e n e fit (ta b le 17).
O f the 113 p la n s w ith a fla t a c c id e n t a l d e a th b e n e fit , 81 p r o v id e d l e s s
than $ 3 , 0 0 0 and o n ly 18 o f the p la n s p r o v id e d $ 4 , 0 0 0 o r m o r e (ta b le 18).
Th e
a v e r a g e b e n e fit w a s $ 2, 6 9 1— a lm o s t $ 500 m o r e than th e a v e r a g e b e n e fit p r o v id e d
in la te 1955.
T h e a v e r a g e fla t d ea th b e n e fit e x c e e d e d the a v e r a g e fla t l if e in ­
s u r a n c e b e n e fit b y $ 2 6 0 b e c a u s e s e v e r a l o f the l a r g e r p la n s that p r o v id e d r e l a t iv e ly
lo w l i f e in s u r a n c e b e n e fit s p r o v id e d no a c c id e n t a l d e a th b e n e fit .




11

T h e 40 p la n s that g r a d u a te d d e a th b e n e fits a c c o r d in g to e a r n in g s p r o v id e d ,
o n th e a v e r a g e , $ 3, 373 f o r the $ 4 , 0 0 0 - a - y e a r w o r k e r and $ 3, 621 f o r th e w o r k e r
e a r n in g $ 5 , 0 0 0 a n n u a lly (ta b le 19) . 23
T h e s e a m o u n ts w e r e s u b s ta n tia lly l e s s
th an th e a v e r a g e g r a d u a te d l if e in s u r a n c e b e n e fits (ta b le 1 1 ) f o r t h e s e e a rn in g s
l e v e l s b e c a u s e s e v e r a l o f th e l a r g e r p la n s , c o v e r i n g t w o - t h ir d s o f th e w o r k e r s ,
p r o v id e d a c c id e n t a l d ea th b e n e fits e q u a l to o n e - h a lf o f th e l if e in s u r a n c e b e n e fit s .

T h e r h u ltid is m e m b e r m e n t b e n e fit— th e c a s h a m ou n t p a y a b le f o r a c c id e n t a l
l o s s o f (a) tw o o r m o r e lim b s , (b) c o m p le t e l o s s o f s ig h t, o r (c) l o s s o f sig h t
in on e e y e p lu s l o s s o f on e lim b — ^was th e s a m e as the a c c id e n t a l d e a th b e n e fit
in a ll e x c e p t f iv e p la n s , w h e r e th e m u lt id is m e m b e r m e n t b e n e fit w a s l a r g e r .
A ll
p la n s p r o v id e d o n e - h a lf o f the m u lt id is m e m b e r m e n t b e n e fit a s a s in g le d i s m e m ­
b e r m e n t b e n e fit
(p a y m e n t f o r th e l o s s o f on e lim b o r the s ig h t o f on e e y e ).

T h r e e p la n s r e d u c e d and f o u r p la n s d is c o n tin u e d a c c id e n t a l d e a th b e n e fits
w h en a w o r k e r r e a c h e d a g e 65 o r o l d e r .

Provision
Plans reducing or discontinuing benefit---------- -----------------Reduced at age:
65 -------------------------------------------------------66
___________________________
Discontinued at age:
65 ------------------------------------------------------68
------------------------------------------------------70 ------------------------------------------------------- -----------

Plans
7

Workers
(thousands)
149.9
15.6
A u
n
1 2 0 .0

2

5.0
5.3

O n ly s e v e n p la n s e x te n d e d b e n e fits to r e t ir e d w o r k e r s .
S ix p la n s p r o ­
v id e d th e s a m e a m ou n t o f c o v e r a g e that w a s a v a ila b le to th e w o r k e r im m e d ia t e ly
p r i o r to r e t ir e m e n t , but tw o o f th e s e s ix p la n s d is c o n tin u e d c o v e r a g e s h o r t ly
a ft e r r e t ir e m e n t .

23

a s c e r t a in e d




by

T h e a m ou n t o f a c c id e n t a l d e a th b e n e fits u n d e r g r a d u a te d p la n s
th e s a m e m e th o d as that u s e d f o r l if e in s u r a n c e , s e e p. 6 .

w as

12
T a b le 1.

H ea lth and in s u r a n c e p la n s stu d ied in m a n u fa c tu r in g and n o n m a n u fa ctu rin g in d u s tr ie s
b y n u m b e r o f w o r k e r s c o v e r e d and typ e o f b a r g a in in g u n it, e a r ly s u m m e r I96 0 1
(W o r k e r s in th o u s a n d s)
A ll in d u s tr ie s

W ork ers co v e re d

T o ta l

S in g le e m p lo y e r

M u lt ie m p lo y e r

P la n s

W ork ers

P la n s

W ork ers

A ll p lan s stu d ie d ----------------------------------

300

4 ,9 3 3 .2

205

2 , 806 . 7

95

2 , 126. 5

1 ,0 0 0 and u n d e r 5 ,0 0 0 w o r k e r s ------5, 000 and u n d e r 1 0 ,0 0 0 w o r k e r s ------10, 000 and u n d e r 15, 000 w o r k e r s ----1 5, 000 and u n d e r 2 5 , 000 w o r k e r s ----2 5 ,0 0 0 and u n d e r 5 0 ,0 0 0 w o r k e r s ----5 0 ,0 0 0 and u n d e r 1 0 0 ,0 0 0 w o r k e r s —
1 0 0 ,0 0 0 w o r k e r s and o v e r -----------------

137
59
34
26
28
5
11

351.
419.
387.
472.
92 8.
306.
2 ,0 6 8 .

102
39
20
17
17
4
6

262 . 4
2 72 . 0
224. 6
302 .9
532 . 0
250 . 8
962 . 0

35
20
14
9
11
1
5

89.
147.
162.
169.
39 6.
55.
1, 106.

7
1
0
0
8
6
0

M a n u fa ctu rin g

P la n s

W ork ers

3
1
4
1
8
8
0

N onm an uf a c tur ing

S in g le e m p lo y e r

M u it ie m p io y e r

S in g le e m p lo y e r

M u it ie m p io y e r

P la n s

W ork ers

P la n s

P la n s

P la n s

A ll p la n s stu d ie d -----------------------------------

179

2 , 6 5 0 .4

40

672. 5

26

156. 3

55

1 ,4 5 4 .0

1 ,0 0 0 and u n d e r 5 ,0 0 0 w o r k e r s --------5, 000 and u n d e r 10, 000 w o r k e r s -----10, 000 and u n d e r 15, 000 w o r k e r s ----1 5 ,0 0 0 and u n d e r 2 5 ,0 0 0 w o r k e r s ----2 5 ,0 0 0 and u n d e r 5 0 ,0 0 0 w o r k e r s ----5 0 ,0 0 0 and u n d e r 1 0 0 ,0 0 0 w o r k e r s —1 0 0 ,0 0 0 w o r k e r s and o v e r ------------------

86
34
17
16
16
4
6

218. 6
240. 7
188. 6
2 8 7 .9
5 0 1 .8
250. 8
96 2. 0

14
11
8
1
3
1
2

39. 5
77. 6
90 . 8
18. 0
109. 8
55. 8
2 8 1 .0

16
5
3
1
1
-

43. 8
3 1 .3
36. 0
15. 0
3 0 .2
-

21
9
6
8
8
3

49 . 8
69. 5
7 1 .6
151. 1
287. 0
8 2 5 .0

W ork ers

W ork ers

W ork ers

1
A il c o v e r a g e data r e p o r t e d in th is stu d y r e la t e to the n u m b e r o f a c t iv e w o r k e r s (m en and w o m e n )
c o v e r e d b y the p lan s w h ic h p r o v id e the s p e c if ie d b e n e fit . No a ttem p t w as m a d e to d e te r m in e the n u m b e r
o f w o m e n w o r k e r s , d e p e n d e n ts , o r r e t ir e d w o r k e r s c o v e r e d b y the p la n s .




T a b le 2.

H ealth and in s u r a n c e p lans stu d ied by in d u s tr y and g ro u p s e lig ib le fo r life in s u r a n c e and
a c c id e n ta l death and d is m e m b e r m e n t b e n e f i t s , e a r ly s u m m e r I960 1
(W o r k e r s in th ou sa n d s)
A ll p lans p ro v id in g a c c id e n ta l death
and d is m e m b e r m e n t b e n e fits f o r —

A ll p lan s p r o v id in g life in s u r a n c e f o r
T otal

P lan s
A ll p lan s s t u d i e d -----------------------------M a n u fa ctu rin g

----------------------

F o o d and k in d re d p r o d u c ts ----------T o b a c c o m a n u fa c tu r e s ------------------T e x tile m i l l p r o d u c ts --------------------A p p a r e l and o th e r fin ish e d
p r o d u c t s ------------------------------------------L u m b e r and w ood p r o d u c t s ,
e x c e p t fu r n it u r e ----------------------------F u r n itu r e and fix t u r e s ------------------P a p e r and a llie d p r o d u c t s ------------P r in tin g , p u b lish in g , and
a llie d in d u s tr ie s --------------------------C h e m ic a ls and a llie d p r o d u c t s -----P e tr o le u m r e fin in g and
r e la t e d in d u s tr ie s ----------------------R u b b e r and m is c e lla n e o u s
p la s t ic s p r o d u c ts ------------------------L e a th e r and le a th e r p r o d u c t s -------S ton e, c la y , and g la s s p r o d u c t s ----P r i m a r y m e ta l i n d u s t r i e s -------------F a b r ic a t e d m e ta l p ro d u c ts ----------M a c h in e r y , e x c e p t e l e c t r i c a l ------E l e c t r i c a l m a c h in e r y , equ ip m en t
and su p p lie s ---------------------------------T r a n s p o r ta tio n e q u ip m e n t -----------In stru m en ts and r e la t e d p ro d u c ts —
M is c e lla n e o u s m a n u fa c tu r in g
i n d u s t r i e s --------------------------------------N o n m a n u fa ctu rin g ---------------M ining, c ru d e p e t r o le u m , and
n a tu ra l gas p r o d u c t io n ----------------T r a n s p o r ta tio n ------------------------------C o m m u n ic a tio n s -----------------------------U t ilit ie s : E l e c t r i c and gas ----------R e ta il and w h o le s a le tra d e ----------H o te ls and r e s t a u r a n t s ------------------S e r v ic e s -------------------------------------------C o n s t r u c t i o n ------------------------------------M is c e lla n e o u s n o n m a n u fa ctu rin g
in d u s tr ie s --------------------------------------




D ep en d en ts
of a c t iv e
w orkers

A c tiv e
w orkers

In d u stry
W o rk e r s

P la n s

W ork ers

P la n s

W ork ers

P la n s

R e tir e d
w orkers

A c tiv e
w orkers

R e tir e d
w orkers
W ork ers

P la n s

W ork ers

1, ta b le 1.

W ork ers

300

4 ,9 3 3 .2

295

4 ,3 8 1 . 8

9

24 5. 4

189

3, 154. 0

162

2 ,3 2 1 .2

7

5 4 .4

219

3 ,3 2 2 .9

219

3 ,3 2 2 .9

3

28. 1

150

2 ,6 4 4 . 1

114

1 ,6 4 3 .8

6

3 6 .4

140. 6
22. 5
2 .4

7

4 2 .2

-

-

7

-

-

17. 7

-

-

1

7. 5

_

_

7. 5
3. 3
43. 1

3
4
8

44. 5
66. 1
32. 3

_

_

1

5. 5

1
9

2. 5
9 6 .2

4
5

19. 0
3 1 .9

1
-

2 .5
-

8

92 . 7

3

38. 7

1

7. 5
_

17
3
11

168. 1
24 . 0
44. 7

17
3
11

168. 1
24. 0
44 . 7

1

9. 6

-

-

1

7. 0

14
2
1

6

395. 1

6

39 5. 1

_

_

5

383. 1

3
5
13

44. 5
68. 1
49. 5

3
5
13

44. 5
68. 1
49. 5

_

_

-

-

-

-

1
2
12

6
10

2 1 .7
1 0 9 .4

6
10

2 1 .7
109. 4

-

-

8

92. 7

8

92 . 7

8
11
10
21
11
22

108. 3
68. 7
76. 8
4 9 9 .2
98. 1
147 0

8
11
10
21
11
22

108. 3
68. 7
76. 8
4 9 9 .2
98. 1
147. 0

1
-

16
23
8

3 3 0 .2
902. 0
33. 4

16
23
8

3 3 0 .2
9 0 2 .0
33. 4

-

-

11
13
6

307. 3
618. 1
2 7 .9

9
17
5

2 64. 6
712. 0
12. 8

1

4. 3

7

4 1 .4

7

4 1 .4

_

_

3

12. 7

3

19. 5

_

-

81

1 ,6 1 0 .3

76

1 ,0 5 8 .9

6

21 7. 3

39

5 0 9 .9

48

677. 4

1

18. 0

4
22
2
11
12
5
9
15

1 9 4 .9
870. 7
38. 3
3 5 .2
60. 4
67. 1
140. 1
196. 4

4
20
2
10
12
5
9
13

1 9 4 .9
352. 7
38. 3
3 4 .2
60. 4
67. 1
140. 1
164. 0

2
2
_
2

160. 0
1 5 .9
_
4 1 .4

3
10
2
9
5
5
4

193. 6
68. 6
38. 3
3 1 .7
31. 7
_
90. 0
48. 8

2
15
1
11
3
5
10

1 1 .3
3 2 1 .2
1 .9
5 7 .9
52. 6
86. 7
138. 6

1
-

18. 0
-

-

-

1

7 .2

1

7 .2

.
-

-

-

6
3
9
21
7
16

105. 8
19. 3
56. 8
4 9 9 .2
79. 3
123. 8

6
1
5
6
6
14

105. 8
3. 5
43. 8
3 3 .4
25. 3
1 2 3 .2

_
1
1
-

-

.
1 1 .5
-

1

7 .2

1
7' 2

See fo o tn o te

P lan s

1 1 .6
5. 0
.

.

14
T a b le 3.

C l a s s i f i c a t i o n o f p la n s p r o v id in g life in s u r a n c e and a c c id e n t a l death and
d is m e m b e r m e n t b e n e fit s b y g r o u p s e lig ib le , e a r ly s u m m e r I96 0 1
(W o r k e r s in th ou s a n d s)
E lig ib le g r o u p s

A c tiv e
w ork ers

D ep en d en ts
o f a c t iv e
w ork ers

T ota l
R e tir e d
w ork ers

-

X

-

X

X

X

-

X

X

X

A i l p la n s p r o v id in g a c c id e n t a l death anc1
d is m e m b e r m e n t b e n e fit s ---------------------X
X

_

_

X

4 , 3 8 1 .8

98
188
8
1

9 9 3 .9
3, 1 4 2 .5
233. 9
1 1 .5

162

_

X

W ork ers

295

A l l p lan s p r o v id in g life in s u r a n c e ---------

P la n s

2 ,3 2 1 .2

155
7

2,26*6. 8
5 4 .4

1
B a se d on a stu d y o f 300 h e a lth and in s u r a n c e p lan s u n d er c o l l e c t i v e b a r g a in in g c o v ­
e r in g a p p r o x im a t e ly 5 m i ll i o n w o r k e r s .
A ll c o v e r a g e data r e la t e to the n u m b e r o f a c t iv e
w o r k e r s (m e n and w o m e n ) c o v e r e d b y the p la n s .
No a ttem p t w as m a d e to d e te r m in e the
n u m b e r o f w o m e n w o r k e r s , d e p e n d e n ts , o r r e t ir e d w o r k e r s c o v e r e d b y the p la n s .




15
T a b le 4.

M eth od o f fin a n c in g life in s u r a n c e b e n e fit by g r o u p s e lig ib le
and typ e o f b a r g a in in g unit, e a r ly s u m m e r I96 0 1
(W o r k e r s in th o u s a n d s)
T y p e o f b a rg a in in g unit
T o ta l

G r o u p s c o v e r e d and m e th o d
o f fin a n c in g 2

S in gle e m p lo y e r

M u lt ie m p lo y e r

P la n s

W ork er s

P la n s

W ork ers

P la n s

W ork ers

295
168
127

4, 3 8 1 .8
2 ,3 4 7 .5
2, 0 3 4 .3

2 04
81
123

2 ,8 0 5 .7
8 2 6 .4
1, 979. 3

91
87
4

1, 576. 1
1, 521. 1
55. 0

9
8
1
“

2 4 5 .4
2 3 8 .4
7. 0

2
1
1
“

18. 5
1 1 .5
7. 0
-

7
7
-

22 6. 9
22 6. 9
-

189
145
6 30
2
4
8

3, 1 5 4 .0
2, 678. 6
305. 8
27. 0
3 0 .4
1 1 2 .2

160
120
29
3
8

2, 3 7 1 .0
1, 9 7 8 .4
256. 8
23 . 6
1 1 2 .2

29
25
1
2
1

A c t iv e w o r k e r s

A l l p la n s p r o v id in g b e n e f i t s ___________
E m p lo y e r o n ly ________ ____________
E m p lo y e r and w o r k e r 3 _____________

D e p en d en ts o f a c t iv e w o r k e r s
A l l p la n s p r o v id in g b e n e f i t s ___________
E m p lo y e r o n ly _______________________
E m p lo y e r and w o r k e r _______ _____
W o r k e r o n ly _____________________
—

~

~

R e tir e d w o r k e r s

A l l p la n s ex te n d in g b e n e f i t s ----------------E m p lo y e r o n ly ______________________
E m p lo y e r and r e t ir e d w o r k e r 5 ____
E m p lo y e r and a c t iv e w o r k e r
_____
R e tir e d w o r k e r o n l y 7 _______________

78 3. 0
7 0 0 .2
49. 0
27. 0
6. 8

1 See fo o tn o te 1, ta b le 3.
2 If the w o r k e r c o n tr ib u te d to w a r d the c o s t o f the h e a lth and in s u r a n c e p r o g r a m a s a w h o le (w ith
the e m p lo y e r p ay in g the r e m a in in g c o s t ) , the life in s u r a n c e b e n e fit w a s c l a s s i f ie d a s jo in tly fin a n c e d .
If
b o th b a s ic and s u p p le m e n ta ry in s u r a n c e w e r e a v a ila b le to the w o r k e r (a ctiv e o r r e t ir e d ), the b e n e fit w as
c l a s s i f i e d a c c o r d in g to h ow the to ta l am ou n t o f in s u r a n c e c o v e r a g e w a s fin a n c e d ; fo r e x a m p le , i f the b a s ic
c o v e r a g e w a s p aid fo r s o le ly b y the e m p lo y e r and the s u p p le m e n ta ry c o v e r a g e by the a c t iv e w o r k e r , the
b e n e fit w a s c l a s s i f i e d a s " e m p l o y e r and w o r k e r " fin a n c e d .
3 4 p la n s p r o v id e d b a s ic and s u p p le m e n ta ry in s u r a n c e fin a n c e d b y the e m p lo y e r and w o r k e r ; 21 p la n s
p r o v id e d b a s ic in s u r a n c e fin a n c e d s o le ly by the e m p lo y e r and s u p p le m e n ta ry in s u r a n c e , by the e m p lo y e r and
the w o r k e r ; 7 p la n s p r o v id e d b a s ic in s u r a n c e fin a n c e d s o le ly by the e m p lo y e r , and s u p p le m e n ta ry in s u r a n c e ,
s o le ly by the w o r k e r ; and 4 p la n s p r o v id e d b a s ic in s u r a n c e fin a n c e d by the e m p lo y e r and w o r k e r and su p­
p le m e n ta r y in s u r a n c e , s o le ly by the w o r k e r . A l s o , 4 p la n s p r o v id e d fo r the e m p lo y e r to pay the fu ll c o s t
o f the in s u r a n c e a fte r the w o r k e r r e a c h e d ag e 65; 1 plan p r o v id e d e m p lo y e r -fin a n c e d in s u r a n c e d u rin g the
f i r s t 2 y e a r s o f c o v e r a g e ; and 1 p lan p r o v id e d e m p lo y e r -fin a n c e d in s u r a n c e fo r w o r k e r s un der ag e 35 o r
w ith l e s s than 5 y e a r s o f s e r v i c e .
4 6 p la n s p r o v id e d b a s ic and su p p le m e n ta ry in s u r a n c e fin a n c e d s o le ly b y the e m p lo y e r .
5 4 p la n s p r o v id e d b a s ic in s u r a n c e fin a n c e d s o le ly b y the e m p lo y e r and s u p p le m e n ta ry in s u r a n c e by
the e m p lo y e r and the r e t i r e d w o r k e r ; 1 p lan p r o v id e d b a s ic in s u r a n c e fin a n c e d s o le ly by the e m p lo y e r and
s u p p le m e n ta ry in s u r a n c e , s o le ly by the r e t i r e d w o r k e r ; and 1 p lan p r o v id e d b a s ic and s u p p le m e n ta ry in s u r ­
a n ce fin a n c e d b y the e m p lo y e r and the r e t i r e d w o r k e r .
6 U nder 2 p la n s , life in s u r a n c e p r o v id e d r e t ir e d w o r k e r s o v e r a c e r t a in ag e (age 68 in 1 p lan and
a g e 7 0 in the o t h e r ) w a s fin a n c e d s o le ly b y the e m p lo y e r .
7 3 o f th e se p la n s p r o v id e d b a s ic and s u p p le m e n ta ry in s u r a n c e .
8 T h e s e p la n s p r o v id e d " p a id -u p " life in s u r a n c e c o v e r a g e that w a s p u r c h a s e d b y the r e t ir e d w o r k e r
d u r in g h is a c t iv e e m p lo y m e n t .
In s o m e o f th e s e p la n s the e m p lo y e r p u r c h a s e d a d d itio n a l in s u r a n c e c o v ­
e r a g e f o r the r e t i r e d w o r k e r .




16
T a b le 5.

M eth od o f fin a n c in g a c c id e n ta l d eath and d is m e m b e r m e n t b e n e fit s by g r o u p s e lig ib le and
type o f b a rg a in in g un it, e a r ly s u m m e r I960 1
(W o r k e r s in th ou sa n d s)
T ype o f b a rg a in in g unit
T ota l

G r o u p s c o v e r e d and m e th o d
o f fin a n c in g 2

S ingle e m p lo y e r
P la n s

W ork ers

P la n s

M u lt ie m p lo y e r

W ork ers

P la n s

W ork ers

A c tiv e w o r k e r s
A ll p la n s p r o v id in g b e n e fit s __________
E m p lo y e r o n ly ______________________
E m p lo y e r and w o r k e r 3 _____________

162
113
49

2 ,3 2 1 .2
1 ,2 3 1 .9
1 ,0 8 9 .3

103
56
47

1 ,5 0 5 .4
436. 1
1 ,0 6 9 .3

59
57
2

815. 8
795. 8
20. 0

5
2
3

33. 9
1 1 .8
22. 1

2
1
1

20. 5
2. 5
18. 0

R e t ir e d w o r k e r s
A ll p la n s e x ten d in g b e n e fit s __________
E m p lo y e r o n ly ______________________
E m p lo y e r and r e t i r e d w o r k e r

1
2
3
fin a n c e d
and the

7
3
4

54. 4
14. 3
40. 1

See fo o tn o te 1, ta b le 3.
See fo o tn o te 2, ta b le 4.
1 p lan p r o v id e d b a s ic in s u r a n c e fin a n c e d s o le ly by the e m p lo y e r and s u p p le m e n ta ry in s u r a n c e
by the e m p lo y e r and the w o r k e r ; and 2 p la n s p r o v id e d b a s ic in s u r a n c e fin a n c e d b y the e m p lo y e r
w o r k e r and su p p le m e n ta ry in s u r a n c e fin a n c e d s o le ly by the w o r k e r .

T a b le 6.

R e la tio n s h ip o f m e th o d o f fin a n c in g life in s u r a n c e and a c c id e n ta l death and. d is m e m ­
b e r m e n t b e n e fit s fo r a c t iv e and r e t ir e d w o r k e r s , e a r ly s u m m e r I960 1
(W o r k e r s in th ou sa n d s)
L ife
in s u r a n c e

M eth od o f fin a n c in g 2

P la n s

A ll p la n s p r o v id in g b e n e fit fo r a c t iv e w o r k e r s
an d r e t i r e d w o r k e r s ____ _____
B e n e fit f o r a c t iv e w o r k e r fin a n c e d
by e m p lo y e r
___
B e n e fit f o r r e t i r e d w o r k e r fin a n c e d :
B y e m p lo y e r
B y r e t i r e d w o r k e r and e m p lo y e r __________
By r e tir e d w o rk e r
B e n e fit f o r a c t iv e w o r k e r fin a n c e d by
e m p lo y e r and w o r k e r
B e n e fit f o r r e t i r e d w o r k e r fin a n c e d :
B y e m p lo y e r _________________________________
B y r e t i r e d w o r k e r and e m p lo y e r __________
B v a c t iv e w o r k e r and e m p lo y e r
By r e tir e d w o rk e r
O ther




W ork ers

A c c id e n t a l
d eath and
d is m e m b e r m e n t
b e n e fit
P la n s

W ork ers

189

3 ,1 5 4 .0

7

54. 4

87

1 ,4 3 3 . 1

3

14. 3

84
2
1

1 ,3 7 3 .9
5 2 .4
6. 8

3
_

14. 3
_

102

1 ,7 2 0 .9

4

61
28
2
3
8

1 ,3 0 4 .7
2 5 3 .4
27. 0
23. 6
112. 2

-

_

4
_

_

40 . 1
_

40 . 1
_

-

See fo o tn o te 1, ta b le 3; 295 p la n s p r o v id e d a life in s u r a n c e b e n e fit f o r a c t iv e w o r k e r s .
See fo o tn o te 2, ta b le 4 .

17
T ab le

7.

E lig ib ility

re q u ire m e n ts

fo r

life

d ism e m b e rm e n t b e n e fits,
(W o rkers

in su ra n c e

e a rly

and a c c id e n ta l death and

sum m er

I9 6 0 1

in th o u sa n d s)
A c c i d e n t s l! d e a t h a n d

Life
E ffe c tiv e

date

d ism e rn b e rm e n t
be n e fit

in su ra n c e

of c o v e ra g e

P la n s

W o rkers

P la n s

A l l p la n s
A fter

p ro vid in g

b e n e fits

W o rkers

295

4 ,3 8 1 .8

162

51

1 ,3 2 4 .0

26

584. 8

16

108. 1

-----------------------

2 ,3 2 1 .2

e m p lo y m e n t fo r—

Under

1 m o n t h -------------------------------------------

1 and u n d er 2 m onths

----------------------------

31

2 and u n d er

3 m onths

----------------------------

23

3 5 0 .2
133. 1

3 and u n d er 4 m onths

----------------------------

63

4 6 1 .2

4 and u n d er
5 and u n d er

-------------------------------------------------------

4

9 1 .3

2

15. 0

-

75. 0
-

49
1

6 6 6 .9
6. 3

16

105. 3

13

1 8 6 .2

1
3

10. 7

5 m onths
6 m onths
7 m onths

----------------------------

8 and u n d er 9 m onths

----------------------------

6 and u n d er
12 a n d u n d e r
F irs t

13 m o n t h s

------------------------

d a y of m o n th fo llo w in g

90. 5

17

3 1 1 .1

39
2

6. 3

co m p le tio n

of e m p lo y m e n t fo r—
Under

1 m onth

8

-----------------------------------------

3 0 .2

6
11

281. 1

7

6 6 .9
3 1 1 .7
504. 8

6

496. 0

12

104. 1

6

53. 0

----------------------------

1

3. 0

1

3. 0

----------------------------

3

8. 3

2

10. 8

1 and u n d er 2 m onths

----------------------------

2 and u n d er 3 m onths

----------------------------

3 and un d e r

4 m onths

----------------------------

4 and u n d e r

5 m onths

6 and u n d e r

7 m onths

15

--------------------------------------------------

2

5 .9

1

3. 3

-----------------------------------------------------------------

10

1 4 2 .9

9

152. 0

7 or m ore
O ther

1

See

fo o tno te

T ab le

8.

1,

ta b le

P la n s

3.

re d u cin g

or

d en yin g

life

d is m e m b e r m e n t b e n e fits
after

a

sp e c ifie d

age,

(W o rk ers

in su ra n c e

o r a c c id e n ta l d eath and

fo r a ctiv e w o r k e rs
e a rly

sum m er

h ire d

I960 1

in th o u sa n d s)
A c c id e n ta l death and

Life

d ism e m b e rm e n t

in su ra n c e

P ro v isio n
P la n s

b e n e fit
P la n s

A l l p la n s re d u c in g o r d e n yin g b e n e fits
fo r w o rk e rs h ire d after a
s p e c i f i e d a g e -------------------------------------------------

41

28

2 0 7 .2

6

976. 5

R e d u c e d b e n e fits p ro v id e d if h ire d
a fte r sp e c ifie d age
------------------------------------

W o rkers

10

W o rkers

76. 9

785. 6

50 y e a r s

-----------------------------------------------------

1

10. 0

-

55 y e a r s

-----------------------------------------------------

90. 8

-

60 y e a r s

-----------------------------------------------------

2
5

66. 0

3

57. 3

65 y e a r s
66 y e a r s

---------------------------------------------------------------------------------------------------------

18

612. 1

2

15. 6

2

6. 7

1

4. 0

130. 3

B e n e fits

not a v a ila b le

sp e c ifie d

after

-----------------------------------------------

11

176. 9

4

50 y e a r s

-----------------------------------------------------

1

11. 6

-

-

55 y e a r s

-----------------------------------------------------

3

7. 0

-

-

65 y e a r s

-----------------------------------------------------

7

158. 3

2

125. 0

70 y e a r s

-----------------------------------------------------

-

2

5. 3

-----------------------------------------------------------------

22

-

-

O ther

1
162,

See

foo tnote

a c c id e n ta l
2

age

age

if h ir e d

-

56

These
or




death
p la n s

la te r.

1,

ta b le
and

d id

3.

295

p la n s

d ism e m b e rm e n t
not

p ro v id e

life

p ro v id e d

14. 0

life

in su ra n c e

for

a c tiv e

w o rkers,

and

b e n e fits.
in su ra n c e

to

w o rkers

b e c o m in g

u n io n

m em bers

at

18
T ab le

9-

B a s is

of d e t e r m i n i n g
by type

total am o un t

of b a r g a in in g u n it,
(W o rkers

of lif e

e a rly

in su ra n c e

sum m er

of d e te r m in in g

Type

p la n s

amount

w o rkers

in th o u s a n d s )

A ll
B a sis

fo r a c tiv e

I9 6 0 1

of b a r g a in in g u n it

S in g le

M u ltie m p lo y e r

e m p lo y e r
P la n s

W o rkers

P la n s

s t u d i e d ---------------------------------------

300

4 ,9 3 3 .2

205

2 ,8 0 6 . 7

95

P l a n s p r o v i d i n g l i f e i n s u r a n c e ----------F l a t a m o u n t 2 --------------------------------------------

295

4 ,3 8 1 .8

204

2 ,8 0 5 .7

159
118

1 ,7 7 4 .9

81

575. 0

91
78

2 ,4 6 6 .2

107

2, 104. 0

11

87

1 ,9 2 9 .2
30. 1
-

2

A l l p la n s

G r a d u a t e d ---------------------------------------------------E a r n i n g s 3 ----------------------------------------------

W orkers

P la n s

W orkers

2, 126. 5
1, 5 7 6 . 1
1 ,1 9 9 .9
3 6 2 .2

--------------------------------------------------

89
13

1 ,9 5 6 . 1
200. 8

L e n g t h - o f - u n i o n m e m b e r s h i p --------

2

94. 6

2

94. 6

11
3

150. 7
64. 0

9
2

125. 7
19. 0

2
1

25. 0
45. 0

18

140. 7

16

126. 7

2.

14. 0

S e rv ice
S e rv ice

and

e a rn in g s 4

---------------------

O t h e r -------------------------------------------------------

9
-

2 6 .9
170. 7

4

F l a t a m o u n t p lu s a m o u n t g ra d u a te d
a c c o r d i n g to e a r n i n g s , s e r v i c e ,
o r u n i o n m e m b e r s h i p 5 ------------------------

1

See

2

8

p la n s

3

1

p la n

in su ra n c e
4
2

e a rn in g s;
based

on
5

in g s ;

ta b le
a

p ro v id e d

p la n s

on

1.

fia t

am ount

of

flat

a

amount

fo r

b a sic

in su ra n c e

wom en

and

a

w o rkers.

fla t

6

am ount

p la n s

of

su p p le m e n ta ry

p ro vid e d

b a sic

and

in su ra n c e .

su p p le m e n ta ry

ea rn in g s.

p ro vid e d

p ro vid e d
and

1,

p ro vid e d

based

3

p la n s

foo tnote

b a sic

b a sic

1 p la n

in su ra n c e

in su ra n c e

based

based

p ro vid e d b a s ic

on

on

se rv ice

se rv ice

in su ra n c e

based

and

and
on

su p p le m e n ta ry

su p p le m e n ta ry

se rv ice

and

in su ra n c e

in su ra n c e

ea rn in g s,

and

based

based

on e a r n in g s ;

on

se rv ice

s u p p le m e n ta ry

and

in su ra n c e

e a rn in g s.
15

p la n s

p ro vid e d

1 p la n p ro v id e d

e a rn in g s;

and

2

a

p la n s

T ab le

a

fla t

flat

p ro v id e d

10.

a m o u n t of b a s i c

am ount

of

a

b a sic

fla t

A m o u n t of life

in su ra n c e

in su ra n c e

am ount

p lu s

in su ra n c e

an

p ro v id e d

s u p p le m e n ta ry

su p p le m e n ta ry

am ount

a fla t a m o u n t of in s u r a n c e 1 b y m e th o d
(W o rkers

and

and

gradu ated

a c tiv e w o r k e rs

of fin a n c in g ,

on

u n io n

on

earn­

se rv ice

and

m e m b e rsh ip .

p ro v id in g
I9 6 0 2

in th o u sa n d s)
of f in a n c in g 3

E m p lo y e r

Total
P la n s

159

1 ,7 7 4 .9

W orkers

P la n s

1 ,3 5 5 . 1

45

9
33
10

323. 1
430. 6

_

52. 7

1

1 .2

19
6
8

145. 2

11

70. 5
4. 0

3

114

215. 7

419. 8
_

---------------------------------$ 1 , 5 0 0 -------------------$ 2 , 0 0 0 --------------------

$ 2 , 000 and u n d er
$ 2 , 500 and u n d e r

$ 2 , 500
$ 3 , 000

---------------------------------------

82. 9

$ 3 , 000 and

under

$ 3 , 500

--------------------

11

86. 9
100. 7

2

$ 3 , 500 and

under

$ 4 , 000

--------------------

10

9 7 .2

7

91. 8
84. 4

3

8 .9
12. 8

$ 4 , 000 and

under

$ 4 , 500

--------------------

15

147. 3

$ 4 , 500 and

under

$ 5 , 000

--------------------

2

64. 8

7
-

40. 7
-

$ 5 , 000 and

under

$ 6 , 000

--------------------

18

$6, 000 and under

$ 7 , 000

--------------------

5

1 7 8 .9
29. 3

-------------------------------------

2

$ 7 , 000 and o v e r

323. 1
446. 1

11
30

and w o r k e r

U n d e r $ 1 , 0 0 0 ----$ 1 ,0 0 0 and under
$ 1 , 500 and u n d er

A verag e

9
38

E m p lo y e r

o n ly

W o rkers

P la n s

W o rkers

A l l p la n s p ro v id in g a fla t a m o u n t
o f l i f e i n s u r a n c e 4 -------------------------------

to

u n d e r p la n s
sum m er

based

based

a cc o rd in g

e a rly

M ethod
A m ount

in su ra n c e

in su ra n c e

53. 9

8

f l a t a m o u n t 5 ----------------------------

3 1 .0

In clu d e s

a ll

p la n s

p ro v id in g

2

See

foo tnote

1,

ta b le

See

foo tnote

2,

ta b le

4;

4

In clu d e s

5

Am ount

— _______________
of b a s ic

and




5

p la n s

p ro v id e d

295

p ro v id in g
by

each

a

p la n s
le s s e r

p la n

p ro v id e d

life

am ount

fo r

w e ig h te d

by

in su ra n c e
w om en

num ber

of

for

a c tiv e

81. 5
3 1 .0

1

______________________ ______________________
in su ra n c e .
w o rkers.

w o rkers.
w o rkers

23. 0
$4, 459

1

s u p p le m e n ta ry

64. 8

2

$ 1 , 803

1

am o u n ts

106. 6

4

6. 3
-

3.

3

fla t

8
2
4

9 7 .4

1
-

$ 2 , 431
_____________________

1

14

1 5 .5

5

covered.

19
T ab le

11.

A m o u n t of lif e
u n d e r p la n s

in su ra n c e

g ra d u a tin g

p ro v id e d

a ctiv e

w o rkers

the a m o u n t of i n s u r a n c e

b y m ethod

of f i n a n c i n g ,
(W o rk ers

e a rly

e a rn in g

a c c o rd in g

sum m er

p ro v id in g

life

on e a r n in g s

y e a rly -

of f in a n c in g 3

E m p lo y e r

P la n s

based

$ 5 ,0 0 0

a lo n e 1

I9 6 0 2

M ethod

A l l p la n s

and

in th o u sa n d s)

Total

Am ount

$ 4 ,0 0 0

to e a r n i n g s

W orkers

104

2 ,0 7 8 .2

E m p lo y e r

o n ly

W o rkers

P la n s

P la n s

, nd w o rk e r
a
W orkers

in s u ra n c e

a lo n e 4

------------------

35

576. 0

69

1 ,5 0 2 .2

$4, 0 0 0 -a-year-w o rk er
Under

$ 2 ,0 0 0

$ 2 ,0 0 0

-------------------------------------------

1

and u n d er

$ 2 ,5 0 0

---------------------

$ 2 ,5 0 0

and un d er

$ 3 ,0 0 0

---------------------

1

$ 3 ,0 0 0

and u n d er

$ 3 ,5 0 0

---------------------

1

2

3

1. 5

-

1

18. 0

_

_

-

1

1. 5
31. 3

1 .9

-

1 .9
37. 4

3

37. 4
-

13. 3

1

$ 3 ,5 0 0

and u n d er

$ 4 ,0 0 0

---------------------

4

2 1 .0

1

$ 4 ,0 0 0

and un d er

$ 4 ,5 0 0

---------------------

28

5 3 4 .2

16

$ 4 ,5 0 0

and u n d er

$ 5 ,0 0 0

----------------------

12

5 3 2 .6

5

70. 1

7

462. 5

$ 5 , 000 and u n d e r

$ 6 ,0 0 0

---------------------

13

244. 1

3

14. 5

10

229. 6
214. 6

3

12. 1

12

8 .9
2 8 3 .3

250. 9

$ 6 ,0 0 0

and und er

$ 7 ,0 0 0

---------------------

14

304. 4

2

and u n d er

$ 8 ,0 0 0

---------------------

2

20. 4

-

89. 8
-

12

$ 7 ,0 0 0

2

20. 4

$ 8 ,0 0 0

and un d er

$ 9 ,0 0 0

---------------------

12

2 2 7 .2

2

35. 5

10

$ 9 ,0 0 0

and un d er

$ 1 0 , 0 0 0 --------------------

3

52. 5

10

1 1 1 .2

7

191. 7
58. 7

$ 1 0 ,0 0 0

and u n d er

-----------------

1

4. 4

-

-

1

4. 4

$ 1 1 ,0 0 0

-------------------------------------------------------

1

6. 6

-

-

1

A verag e

graduated

$ 1 1 ,0 0 0

a m o u n t --------------------

$ 5 ,3 1 8

$ 5 , 062

6. 6
$ 5 ,4 1 6

$5, 0 00 -a-year-w o rk er
Under

$ 2 ,0 0 0

-------------------------------------------

1

$ 2 ,0 0 0

and under

$ 2 ,5 0 0

---------------------

$ 2 ,5 0 0

and under

$ 3 ,0 0 0

---------------------

2

$ 3 ,0 0 0

and u n d er

$ 3 ,5 0 0

---------------------

1

2

3. 8

1 .9

_

-

1 .9
30. 2

1

-

1

1

3 1 .3

$ 3 ,5 0 0

and under

$ 4 ,0 0 0

---------------------

-

$ 4 ,0 0 0

and u n d er

$ 4 ,5 0 0

---------------------

4

142. 8

1

$ 4 ,5 0 0

and un d er

$ 5 ,0 0 0

---------------------

326. 1

13

$ 5 ,0 0 0

and u n d er

$ 6 ,0 0 0

---------------------

15
22

8 .9
316. 5

599. 0
290. 7

6
5

26. 3
75. 3

1

7. 8

$ 6 ,0 0 0

$ 7 ,0 0 0

-

-

---------------------

14

$ 7 ,0 0 0

and u n d er

$ 8 ,0 0 0

---------------------

11

$ 8 ,0 0 0

and un d er

$ 9 ,0 0 0

---------------------

6

215. 9
78. 0

$ 9 ,0 0 0

and u n d er

$ 1 0 ,0 0 0

------------------

2

1 1 .4

-

$ 1 1 ,0 0 0

-----------------

13

3
2

$ 1 0 ,0 0 0

and u n d er

-

1

and u n d er

1

2. 3

1

1. 5
18. 0

1

_

30. 2
13. 3

-

-

3

133. 9

2

9. 6
572. 7

16

215. 4

9
10

3 1 .8

208. 1

5

-

4 6 .2

2

1 1 .4

65. 5

10

22. 5

$ 1 1 ,0 0 0

and u n d er

$ 1 2 ,0 0 0

-----------------

5

2 5 4 .9
49. 8

3

189. 4
2 7. 3

$ 1 2 ,0 0 0

and u n d er

$ 1 3 ,0 0 0

-----------------

5

35. 8

-

-

5

35. 8

$ 1 4 ,0 0 0
A verag e

------------------------------------------------------g r a d u a t e d a m o u n t 5 -----------------

1

6. 6

-

-

1

on

15

1,
2,

p ro v id in g

2
3

See
See

4
5

In c lu d e s 5 p la n s p ro v id in g
S e e fo o tno te 5, ta b le 10.




footnote
fo o tno te

p la n s

ta b le
ta b le

3;
4.

a

295
a

flat

p la n s
le s s e r

$ 5 , 790

1
1 In clu d e s
ea rn in g s.

$ 6, 364

1

am ount

of

b a sic

p ro v id e d

life

am ount

fo r

in s u ra n c e

in su ra n c e
wom en

fo r

and

______________________ 1 ____________________
1
_
su p p le m e n ta ry

a ctiv e

w o rkers.

6. 6
$6, 584

w o rkers.

in su ra n c e

based

20
T ab le

12.

P la n s

e x te n d in g life

in s u ra n c e

am o u n t of in s u r a n c e

b e n e f i t to r e t i r e d w o r k e r s

p ro v id e d a c tiv e w o r k e r s ,
(W o rkers

by b a s is

of d e te rm in in g

sum m er

e a rly

I9 6 0 1

in th o u sa n d s)
A m o u n t of life

lo ta L

B a s i s of d e te r m in in g a m o u n t of life
in s u ra n c e fo r a ctiv e w o r k e r s

Sam e

e x te n d in g lif e

re tire d w o rk e rs

W o rkers

189

3 ,1 5 4 .0

14

970. 1
2 ,0 7 7 . 4

10

__

__

__

__

______________

______________

O ther

____

1 5 .3

96

468. 7
2 ,0 6 2 .1

3
-

1 5 .3
-

76

1 ,8 1 1 .3

-

-

8
2

94. 6

9
1

1 2 1 .8
9 9 .9
95. 3

a m o u n t g r a d u a t e d ____

14

106. 5

1

6 .6

1 0 1 .9
4. 6

1

6 .6

12

_

24. 4

13

13

_________ __________

1

See

2

In c lu d e s p la n s

fo o tno te
after

1,

ta b le

3;

re tire m e n t,

of s e r v ic e

295

p la n s

p ro v id e d

a

th a t m a in t a in e d the a m o u n t that

befo re

fo llo w in g w h ic h it w a s

re tire m e n t;

and

p la n s

life
a

reduced;

that

1

in su ra n c e

re tire d

b e n e fit

w orker

p la n s

extend ed

10. 0

had

that

fo r

based

coverage

to

a ctiv e

b efo re
the

4 .6

w o rkers.

re tire m e n t
am ount

fo r

after

re tire d

w o rkers

re tire d

at age

a

stip u ­

re tire m e n t

for

a

sp e c ifie d

o n ly .

T ab le

13.

A m o u n t of life

in su ra n c e p ro v id e d w o r k e rs

$ 4 ,0 0 0

and

$ 5 ,0 0 0

y e a rly

b efo re

(W o rkers

A m o u n t of in s u r a n c e

p ro vid in g

p rio r

on e a r n in g s
Under

$500

and under

$ 1 ,0 0 0

P la n s

W o rkers

2, 898. 6

3 165

7. 5

P la n s

___

5 0 1 .3

..

53

814. 0

7 5 .6

14

217. 3

15

1 8 2 .6

14

3

4
2

48. 3

3 .4

50. 9
1 5 .4

17

$ 2 ,5 0 0
$ 3 ,0 0 0

and under
and under

$ 3 ,0 0 0
$ 3 ,5 0 0

_____________________
. _

3
2

_

......

1

7. 5

18
47

478. 6
782. 5

and under

7

90. 6

2

17. 3

6
4

6 9 .6

2

2 6 .5

3

133. 7

2

1 6 .0

3

1

4

1 5 .9
5 1 .2

3
_

3 0 .0
_

1
_
_

1 .9
6. 0
_
_

1

4 .4

_

_

1
-

6 .6
-

1
-

6 .6
-

9 5 7 .2

$ 5 ,0 0 0

$ 5 ,0 0 0

and under

$ 6 ,0 0 0

$ 6 ,0 0 0
$ 7 ,0 0 0

and under
and under

$ 7 ,0 0 0
$ 8 ,0 0 0

_____________________

$ 8 ,0 0 0

and under

$ 9 ,0 0 0

_____________________

$ 9 ,0 0 0

and under

$ 1 0 ,0 0 0
$ 1 1 ,0 0 0

... .. .

$ 1 1 ,0 0 0
____________________________________________________

$ 1 4 ,0 0 0
O ther
am ount 5

_

_____

_

$ 2 ,0 1 9
________________1

S e e fo o tno te
186 exten d ed
Im m e d ia te ly

1, t a b le 3; 1 8 9 p l a n s e x t e n d e d
a
s u c h a b e n e fit w h e n th e y r e a c h e d
after

re tire m e n t;

e x clu d e s

sub sequent




th ese

p la n s

w ere

not

183. 9
68. 2
1 5 .0

2

1 2 .4

1

12. 0

3

19. 3
9 1 .7

68. 3
17. 1

8
2

4
2

1 9 .2

3
1
-

48. 5
7. 5
-

1

4. 4

7 .9

_

_

_

6 .6

_

_

-

1
4 31

957. 2

4 31

6 .4

2
_

1 3 1 .9

6 .6
957. 2

$1, 558

______________ 1
_________________ _______________1

in su ra n c e
70.

b e n e fit

to

w o rk ers

re tirin g

at

age

re d u ctio n .

E x c lu d e s 3 p la n s w ith 8, 500 w o r k e r s w h ic h d ro p p e d
t h e s e p la n s a r e in c lu d e d in the a v e r a g e b e n e fit.
T h e am o u n ts p ro v id e d u n der
S e e fo o tn o te 5,
t a b le 10.

202. 9

19
8
3

$ 2 , 239

______________ 1
life
age

49
14

797. 8

3

$1. 429
■

5 0 1 .3

10
4

1

9 5 7 .2

7. 5

21

18. 0
22. 2

_

4 31

2 ,8 9 0 .1

1

8 .9
62. 7

5

5 6 .0
7. 6

$ 4 ,5 0 0

and under

9
3

4 31

$ 4 ,0 0 0

1
and

70

W o rkers

3 165

118. 9

4 4 .4

20
5

_

_____________________

A verag e

P la n s

90. 3

13*8. 7

$ 2 ,0 0 0

$ 4 ,5 0 0

2 ,8 9 8 .6

7 9 7 .2

$ 2 ,5 0 0

$ 4 ,0 0 0

168

7. 5

4 7 8 .6

and under

____

2 ,8 9 0 .1

18

_________________________

$ 1 ,5 0 0

and under

$ 1 2 ,0 0 0

At age

W o rkers

1
21

$ 1 ,5 0 0

and under

a-year-w o rker

A t age 65 2

1

_______________

$ 2 ,0 0 0

$ 1 0 ,0 0 0

65 a n d e a r n e d

I960 1

$ 5 ,0 0 0
70

168

------------------------------------

$ 1 ,0 0 0

and under

At age

W o rkers

50
12

$ 3 ,5 0 0

sum m er

to r e t i r e m e n t

_ _

and under

70 w h o

e a rly

an am ount based

a lo n e
______

65 a n d

a-year-w o rker

A t age 65 2
P la n s

a fla t a m o u n t o r

at age

re tire m e n t,

in th o u sa n d s)

$ 4 ,0 0 0

ever,

3

-

1

65

2 ,6 3 0 .7

66

-

_____________________

$500

2 175

5 0 1 .4

10. 0

__

___________

P la n s

523. 3

121. 8

__

to e a r n i n g s

on y e a r s

W o rkers

9
1

______________________

________

_____

p e rio d

w o rkers

P la n s

1 ,8 2 6 .6

79
8
2

_________

A cco rd in g

la te d p e r io d

a c tiv e

W o rkers

____

and e a rn in g s
______________________

F la t a m o u n t p lu s
O ther

P la n s

re tire d w o rk e rs

than a m o u n t for

94. 6

99

L e n g t h - o f - u n i o n m e m b e r s h i p _________
S e rv ice

L e ss

2 4 .4

76

________________________________
_ _ _ _ -------- ----------

_________
______

S e rv ice

extended

to

_________________________________

F la t am ount
_________
G raduated
______
__
E a rn in g s

in s u ra n c e

in s u ra n c e

as fo r

a ctiv e w o r k e rs
P la n s

A ll p la n s

total

b e n e fit

b efo re

c o m p u ta b le .

w orker

reached

age

70;

how ­

21
T a b le

14.

D isp o sitio n

of life

and total d isa b ility

in su ra n c e

p ro v isio n s,

(W o rkers

b e n e fit u n d e r p e rm a n e n t

e a rly

sum m er

I960 1

in th o u sa n d s)

M eth o d of s e ttle m e n t 2

P la n s

W orker s

275

4, 1 9 4 .6

p a i d _____________________________

71

1, 0 6 1 . 8

In in s ta llm e n ts
_________________________________________________
I n l u m p s u m ________________________________________________________

55

796. 8

A l l p la n s w ith p e r m a n e n t and to tal d is a b ilit y
p ro v isio n s
______________________________________________________________
F u l l a m o u n t of in s u r a n c e

5

d u r a t i o n o f d i s a b i l i t y ________________________________

F o r

sp e c ifie d

p e rio d

d u r a t i o n o f d i s a b i l i t y ________________________________
sp e c ifie d p e rio d

F o r

sp e c ifie d

p e rio d ;

red uced

d u ra tio n of d is a b ility
P o rtio n

of in s u r a n c e

m a in ta in e d

____________________________________

d is c o n tin u e d ,

p a id in in s t a llm e n t s
O t h e r __ ____

1

See

(w o rke r's

fo o tn o te

1,

ta b le

2

o p tio n )
_.......... _

3;

2 1 .8

2

3 4 4 .2

or
___________
... , .

295 p la n s

5

p ro v id e d

39. 6

life

in s u ra n c e

for

w o rkers.

15.

re q u ire m e n t w a s

E lig ib ility

re q u ire m e n ts

these

cases,

the

lo w e r age

or

se rv ­

the p la n p r o v i s io n .

fo r p e rm a n e n t and to tal d is a b ilit y life
e a rly su m m e r I 9 6 0 1

(W o rkers
p ro v id in g

in th o u sa n d s)
B e n e fits a re

in su ra n c e

a v a ila b le , if d is a b ility

perm an ent and

o r in su re d co v e ra g e
re q u ire m e n ts

A l l p la n s p ro v id in g d is a b ilit y
b e n e f i t s --------------------- --------------

In

u s e d to c l a s s i f y

P la n s

P rio r

b e n e fit,

o ccu rs—

to a g e

A t any age
So
55
65
b e n e fits
W o r k e r s P l a n s W o r k e r s P l a n s W o r k e r s P l a n s W o r k e r s P l a n s ;W o r k e r s
P la n s

total d is a b ility

—

275

4, 1 9 4 .6

28

764. 1

1

11. 7

194

2, 9 3 1 .4

52

4 8 7 .4

r e q u i r e m e n t s ---------------

se rv ice

257

3 ,7 4 8 . 9

26

1 1 .7

51

4 7 2 .4

-

-

-

179
2

2 ,5 9 5 .3

123. 9

669. 5
-

1

2

________

1

-

-

1

-

-

___________________

3 .9
120. 0

-

-

_________________________________

14

2 2 7 .2

-

-

12
1

1 6 7 .2

-

-

o r in su re d

coverage

re q u ire m e n t

______________________

________________________________

1 5 y e a r s -----------In su re d

m a in ta in e d

sp e c ifie d am o u n t of s e r v ic e .

ice

1 year

776. 6

b a la n ce

2 U n d e r 26 p la n s , d iffe re n t m e th o d s of se ttle m e n t w e r e p ro v id e d
d is a b ilit y o c c u r r e d b e fo re o r a fte r a sp e c ife d age o r w ith le s s than

if

S e rv ice

484. 4

1 ,2 9 4 .1

am o un t for

fo r d u ra tio n of d is a b ility

F u l l a m o u n t of in s u r a n c e

a ctiv e

13. 5
2 ,5 5 5 . 1

31

_______________

F o r

No

2
189
121
37

m a in ta in e d

F o r

S e rv ice

4

______________________________________

F u l l a m o u n t of in s u r a n c e

T ab le

172. 1
158. 6

p a id in in s t a llm e n t s ,

F o r

a

196. 7

6

P o rtio n of in s u r a n c e
b a la n ce m a in ta in e d

68. 3

11

In in s t a llm e n t s o r lu m p su m (w o r k e r 's
o p tio n )
--------------------------------------------------------------

__

-

-

1

1 2 3 .9
3. 9

-

-

1

120. 0

-

-

-

-

13

2 1 2 .2

-

-

12

1 6 7 .2
-

1
-

15. 0
-

1
-

15. 0
-

-

-

coverage

re q u ire m e n t
1 year
2 years

_________
--------

_______________________________

1 5 .0

-

-

-

-

________

1

45. 0

-

-

-

-

1

_ _ ________ _____
________ _ _ —

2

94. 6

2

94. 6

-

-

-

2

94. 6

2

94. 6

-------------------------------

6 y e a r s ______________

__

________

45. 0

U n io n m e m b e r s h ip
re q u ire m e n t
________
5 years
__ ____
__

‘
1

See

footnote




1,

ta b le

3;

295

p la n s

p ro v id e d

life

in s u ra n c e

-

'
fo r

a ctiv e

w o rkers.

22
T a b le 16.
B a s is fo r d e te rm in in g total am o u n t
of a c c id e n ta l death and d is m e m b e r m e n t
b e n e fit, e a r ly s u m m e r I9 6 0 1
(W o rk ers
B a s is

for

d e te rm in in g

A ll p la n s p ro v id in g

P la n s

amount

W o rkers

a c c id e n ta l

_____________________________

162

2 ,3 2 1 .2

_____________________________

113

1 ,0 3 1 .2

______ _____ ___________________

47

1 ,2 8 2 .2

38

1 ,0 7 4 . 1

d e a th b e n e fit
F la t

in th o u sa n d s)

am ount

G raduated
E a rn in g s

________

________________

6

1 8 1 .6

______

3

26. 5

______________________

2

7. 8

S e rv ice
Ea rn in g s

and se rv ice

F la t am o u n t p lu s a m o u n t
g rad u ated a c c o rd in g
e a rn in g s

1
that

T ab le

17.

R e la tio n sh ip

____________

See

to

footnote

p ro v id e d

b a sic

1,
and

ta b le

3;

o f a c c i d e n t a l d e a t h b e n e f i t to a m o u n t
$ 4 ,0 0 0

and

$ 5 ,0 0 0

y e a rly ,

(W o rk ers
B a sis
P la n s

e a rly

in s u ra n c e

sum m er

p ro v id in g

b e n e fit and life

e a rn in g

in th o u sa n d s)
a m o u n t of a c c id e n t a l d eath b e n e fit

g ra d u a tin g b e n e fit

w orker
P la n s

to d e t e r m i n e
a m o u n t of b e n e fit

u n ifo rm . b e n e fit

W o rkers

P la n s

u sin g

other m ethods

lin g a

$ 5 ,000-a-year

W o rkers

P la n s

P icm s

to e a r n i n g s

$ 4 ,000-a-year

P la n s

p ro v id e d w o r k e rs

I9 6 0 1

w orker

A ll p la n s

3 p la n s

in su ra n c e .

of life

fo r d e te rm in in g

a c c o rd in g

A m o u n t of a c c id e n t a l d eath b e n e fit

in c lu d e s

su p p le m e n ta l

W o rkers

P la n s

W o rkers

a c c id e n ta l death

in s u ra n c e

40

__________________

1 ,0 8 1 .9

40

1 ,0 8 1 .9

112

1 ,0 2 8 . 8

9

208. 1

A c c id e n t a l d e a th b e n e fit w a s —
M ore

than fa ce

L e ss

v a lu e

of life
-

-

-

-

3

9 6 .0

-

-

-

-

-

-

2

5 1 .0

-

-

________________

-

-

-

-

1

45. 0

-

-

________________

27

________________________________________

in su ra n c e

than trip le but m o r e

t h a n d o u b l e t h e f a c e v a l u e ______
L e s s th a n d o u b le the f a c e
v a lu e
Sam e
life
L e ss
life

as

__

___________________

the fa c e v a lu e

in su ra n c e

of

______________

th a n the f a c e

v a lu e

M ore

13

26

2 8 8 .4

73

604. 9

5

783. 5

14

3 0 6 .0

4'

168. 5

3

165. 5

1

3. 0

_

_

_

-

7 9 3 .5

34

39. 6

5

4 1 .3

6

5 1 .3

13

7

7 2 1 .0

7

7 2 1 .0

7

1 4 4 .0
37. 5

14

124. 5

th a n o n e - h a lf the

f a c e v a l u e _____ _ _ _ _ _ _
O n e - h a lf the f a c e v a lu e
L e ss

2 9 8 .4

of

in su ra n c e
___________

th a n o n e - h a l f the
-

fa c e v a lu e
O ther
_ .
O ther

_

_ _

_

See




foo tnote

_

1

2 1 .2

1

2 1 .2

-

1,

ta b le

3;

161

-

2

p la n s

p ro v id e d

life

in s u ra n c e

and

a c c id e n ta l

-

21. 9

death

b e n e fits.

23
T ab le

18.

A m o u n t of a c c id e n t a l d eath b e n e fit

p ro v id e d

a c tiv e w o r k e r s

a fla t a m o u n t,

by p la n s p ro v id in g

e a rly

(W o rkers

sum m er

in th o u sa n d s)

A m o u n t of b e n e fit

A ll p la n s

p ro v id in g

I96 0 1

W o rkers

P la n s

a fla t

a m o u n t of a c c id e n t a l d eath
b e n e fit
$500

and under

$ 1 ,0 0 0

113

________________________________________
$ 1 ,0 0 0

1 ,0 3 1 .2

6

26. 3

28

____________

1 6 6 .6

and under

$ 1 ,5 0 0

$ 1 ,5 0 0

and under

$ 2 ,0 0 0

________

10

55. 3

$ 2 ,0 0 0

and under

$ 2 ,5 0 0

________

$ 2 ,5 0 0

and under

$ 3 ,0 0 0

________

29
8

2 0 9 .9
157. 3

$ 3 ,0 0 0

and under

$ 3 ,5 0 0

________

11

143. 7

$ 3 , 500 and u n d e r

$ 4 ,0 0 0

*________

3

$ 4 ,0 0 0

and under

$ 4 ,5 0 0

________

7

68. 5
87. 7

$ 4 ,5 0 0

and under

$ 5 ,0 0 0

________

-

$ 5 ,0 0 0

and under

$ 6 ,0 0 0

________

10

_________________________

1

$ 6, 000 and o v e r
A verag e

f l a t a m o u n t 2 ________________

-

1 0 9 .9
6. 0

$ 2 ,6 9 1

_______ 1
________
1

S ee fo o tno te

1,

ta b le

3;

162 p la n s p r o v i d e d

a n a c c id e n t a l d e a th b e n e fit.
2

T ab le

19.

See

fo o tn o te

5,

ta b le

10.

A m o u n t of a c c id e n t a l d e a th b e n e fit p ro v id e d w o r k e r s

$ 4 ,0 0 0

and

$ 5 ,0 0 0

in su ra n c e

y e a rly

a c c o rd in g

under

p la n s

to e a r n i n g s

(W o rkers

g ra d u a tin g

a lo n e ,

e a rly

e a rn in g

the a m o u n t of

sum m er

I9 6 0 1

in th o u sa n d s)

$4, 0 0 0 -a -y e a r-w o rk e r

$ 5 ,000-a-year-w o rker

A m o u n t of b e n e fit
P la n s

A ll p la n s

p ro v id in g an a c c id e n ta l

d e a th b e n e fit b a s e d on e a r n in g s
U
$
$
$
$

n
2
2
3
3

a l o n e ___

40

d e r $ 2 ,0 0 0
____________ _______________ ________________
,0 0 0 and un d er $ 2 ,5 0 0
,5 0 0 and u n d er $ 3 ,0 0 0
....
________ _
,0 0 0 and u n d er $ 3 ,5 0 0
.
,5 0 0 and u n d er $ 4 ,0 0 0
. _
_ _____ .

_

$ 4 ,0 0 0

and under

$ 4 ,5 0 0

$ 4 ,5 0 0
$ 5 ,0 0 0

and under
and under

$ 5 ,0 0 0
$ 6 ,0 0 0

$ 6 ,0 0 0

and under

$ 7 ,0 0 0

$ 7 ,0 0 0

and under

$ 8 ,0 0 0

$ 8, 000 and u n d er

$ 9 ,0 0 0

_

___

__________________________
_

_

_____ 1___________________
_______________________
_

graduated am ount 2

40

1 ,0 8 1 .9
.

1 ,0 8 1 .9

.

3

462. 5

4

2

4. 8

-

3

122. 6

2

4

2 1 .0
243. 8

10

464. 0
-

1 2 1 .4

-

-

74. 3

6

-

102. 8
-

69. 1
68. 8

13
4
4
-

r

$ 9 ,0 0 0 and u n d e r $ 1 0 ,0 0 0
$ 1 1 ,0 0 0 and u n d er $ 1 2 ,0 0 0
A v erag e

W o rkers

P la n s

W o rkers

14

262. 7

3

-

29. 6
4. 9
-

1

-

1
-

81. 5

5

-

-

15. 0
-

1

$ 3 ,3 7 3

1 5 .0
$ 3 , 621

1
1
2

See
See




footnote
fo o tno te

1,
5,

ta b le
ta b le

3; 162
10.

p la n s

p ro v id e d

an

a c c id e n ta l

death

b e n e fit.

☆ U .S . GOVE RN M EN T PRINTING O F F IC E : 1961 O - 597564