MANY FEDERAL WORKERS OUT-EARN PRIVATE SECTOR LABOR

http://www.gopusa.com/news/2012/01/31/many-federal-workers-out-earn-private-sector-labor/?subscriber=1

GOP USA – 1/31/2012

"While millions of Americans continue to struggle with stagnant wages and high unemployment, government bureaucrats in Washington continue to enjoy significant advantages over those whose tax dollars finance their compensation," read a statement by the office of Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee.

The average benefits package for federal workers, including health insurance and a defined benefit pension plan, costs the government about 48 percent more than for private sector workers in comparable jobs. Defined benefit pensions — in which retirement payments are based on a formula involving wages and length of service — are becoming far less common in the private sector.

The federal government employs about 2.3 million civilian workers, or about 1.7 percent of the U.S. workforce. Total compensation for civilian federal workers costs roughly $200 billion a year. Civilian worker pay has been frozen for the past two years in response to exploding budget deficits.

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