Federal Salaries Are 23 Percent Less Than in Private Sector
22nd October 2020
And worth every penny.
The only thing that saves us is that we don’t get all the government we pay for.
22nd October 2020
And worth every penny.
The only thing that saves us is that we don’t get all the government we pay for.
October 23rd, 2020 at 15:48
Tim…
The Federal Salary Council quoted here is made up of fed employee union execs, and encourages the underpaid idea. If you look at that article and/or at the WaPo article it refers to, there is no hint of the deluxe taxpayer funded health care (continuing into retirement) or the defined benefit pensions, which no one in the private sector has, or the fact that no matter how mediocre you are, you’re unfireable.
Cato, last year:
“When benefits such as health care and pensions are included, the federal compensation advantage over private workers is even larger, according to the BEA data. In 2018 total federal compensation averaged $135,971 or 80 percent more than the private-sector average of $75,381….”
As you would say, Read it: https://www.fedsmith.com/2019/11/15/80-disparity-fed-benefits-says-report/
Hope all is well with you,
Debby
October 24th, 2020 at 05:02
I am fully prepared to believe that government employees are vastly overpaid for what they do. Before I retired the company I worked for every year gave me an information sheet of ‘total compensation’, which included not only my salary but also the effective cost to the company of benefits like health care, stock options, restricted stock grants, and so on. Nobody does that for government employees except people like Cato, and Cato doesn’t get the public attention that it really deserves. (I have a friend at Cato — Wally Olson and I were at Yale together.)