Asked and Answered: Pension Contribution Percentages

Asked and Answered: Pension Contribution Percentages

Asked and Answered: Pension Contribution Percentages

To: Arthur Kennickell

A graduate student at Ohio State University is conducting
research on pensions with the SCF’92 data.

Even though several variables ask “What percent of your pay or
amount of money per month or year contribute? —PERCENT,
the range of
the values(minimum, maxmum) is too big–it’s much higher than 100.
(although there are also values less than 100)


Have all values on percent of salary contributed
to a pension plan been converted to amounts?

4219(1) R30.1 What percent of your pay or amount of money per month or
4319(2) year does (your employer/the business) contribute?– PERCENT
4419(3)
4819(1) R78.1 What percent of (his/her) pay or amount of money per
4919(2) month or year does [(his/her) employer/the business] contribute?
PERCENT
5019(3) Code PERCENT to 2 decimal places
-1. None
-2. Cannot convert, wage variable is negative
0. Inap. (No spouse, not currently working, not included in
pension plan on main job, receiving benefits from all
plans on main job, no further plans, plan not like type B,
employer does not contribute to plan)
4220(1) R30.1 What percent of your pay or amount of money per month or
4320(2) year does (your employer/the business) contribute?– AMOUNT
4420(3)
4820(1) R78.1 What percent of (his/her) pay or amount of money per
4920(2) month or year does [(his/her) employer/the business] contribute?
AMOUNT


Subject: Re: question about employer pension contributions

Date: Wed, 24 Apr 1996
From: Arthur Kennickell {m1abk00@FRB.GOV}

Almost all variables in the SCF are coded without decimals. If you
multiply the percent questions by .01 (as indicated apparently
inadequately in the codebook), you will get more reasonable looking
numbers.

Where we have a percent and are able to compute a level amount, we
have done so. To see which one (if any) was originally given by the
respondent, consult the shadow variables (the so-called J-codes).

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