Quote:
Originally Posted by The Dad Fisherman
I can only talk to the Federal Gov but....
The Pension/Benefits are not as good as everybody thinks.....people who have been in the Gov for decades are Grandfathered in to the sweet pension plan but new employees are in TSP which is a form of 401k. and a much reduced pension plan, and the Medical bennies they offer are nothing to write home about either.
Not sure what everybody thinks, and the cost to the federal employee in terms of contribution to the pension has gone up recently, but, according to the U.S. Bureau of Economic Analysis, average annual federal gvt. job compensation including pay, health and retirement bennies is $123,049 compared to $61,051 for annual average private sector combined pay, health and retirement benefit compensation. The Salary Reporter states that the average federal worker gets $40,785 annually in benefits compared to $9.882 annually for average private sector workers.
The salaries they pay, at least in my field, are lower than what is offered in the private sector too, by about 5%
It's true that some federal jobs pay less compared to comparable private sector, but the reverse is true in most cases, and by a greater than 5% margin. A U.S.A Today survey in 2010 found that 180 federal jobs paid higher salaries than their private counterparts, and only 36 private sector jobs paid more than comparable federal jobs. Also federal jobs are far more secure than those in the private sector.
I'm not saying there aren't some issues with what the governemnt is spending.
I was just pointing out that the job creation that was talked about had somewhat to do w/ the decrease in contractors...the work still needs to get done so as contractors were eliminated, jobs were created
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Has any analysis been done to determine how many of the "new" jobs were a result of replacing contractors with federal employees? That might be more enlightening.
According to the U.S. Office of Personnel Management, total number of federal personnel rose by 237,000 from 2008 to 2010 which included 148,000 uniformed military personnel and 84,000 executive branch civilians.
The Federal Jobs Network noted as of today that a further expansion of 182,629 workers were added to the federal workforce from 2010 to 2012. They point out in particular possibilities for future federal job expansion created by new health care legislation which calls for the formation of 150 new regulatory agencies and commissions. And many more federal regulators are needed to manage failed banks and TARP funds. They point out that the federal government owns 60% of GM and all of Fanny Mae and Freddy Mac, and have now taken over 100% of the student loan program. They say "There are many more jobs projected and those who start early will have a better chance of success." Jobs are available in the the U.S. and abroad.
Which all begs the question, is the Federal Government doing too much? Has it expanded its mission well beyond constitutional limitations? Is there an end goal to this trajectory?