- Industry: Government; Labor
- Number of terms: 77176
- Number of blossaries: 0
- Company Profile:
A set of activities or tasks that employees are paid to perform. Employees that perform essentially the same tasks are in the same occupation, whether or not they work in the same industry. Some occupations are concentrated in a few particular industries; other occupations are found in many industries. (See Industry. )
Industry:Labor
A series of payments to the dependents of deceased employees. Survivor benefits come in two types: First, the "transition" type pays the named beneficiary a monthly amount for a short period (usually 24 months). Transition benefits may then be followed by "bridge benefits," which are a series of payments that last until a specific date, usually the surviving spouse's 62nd birthday.
Industry:Labor
A separation of an employee from an establishment that is initiated by the employer; an involuntary separation; a period of forced unemployment.
Industry:Labor
A separation of an employee from an establishment that is initiated by the employer; an involuntary separation.
Industry:Labor
A separation of an employee from an establishment for miscellaneous reasons, including retirement, death, separation due to employee disability, or transfer to another location of the enterprise.
Industry:Labor
A separation of an employee from an establishment that is initiated by the employee; a voluntary separation; a resignation from a job or position.
Industry:Labor
A secondary or simultaneous activity is an activity done at the same time as a primary activity. With the exception of the care of children under age 13, information on secondary activities is not systematically collected in the American Time Use Survey.
Industry:Labor
A retirement plan that uses a specific predetermined formula to calculate the amount of an employee’s future benefit. The most common type of formula is based on the employee’s terminal earnings. Under this formula, benefits are based on a percentage of average earnings during a specified number of years at the end of a worker’s career—for example, the highest 5 out of the last 10 years—multiplied by the maximum number of years of credited service under the plan. In recent years, a new type of defined benefit plan, a cash balance plan, has become more prevalent. Under this type of plan, benefits are computed as a percentage of each employee’s account balance. Employers specify a contribution—usually based on a percentage of the employee’s earnings—and a rate of interest on that contribution that will provide a predetermined amount at retirement, usually in the form of a lump sum. In the private sector, defined benefit plans are typically funded exclusively by employer contributions. In the public sector, defined benefit plans often require employee contributions.
Industry:Labor
A primary activity is the main activity a respondent was doing at a specified time. Most published time use estimates reflect time spent in primary activities only.
Industry:Labor
