FEDERAL WORKERS OVERPAID, AND CBO AGREES

http://cbo.gov/doc.cfm?index=12696&utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

Congressional Budget Office – Comparing the Compensation of Federal and Private-Sector Employees -- Justin Falk – 1/30/2012

Congressional Budget Office – Working Paper

http://cbo.gov/ftpdocs/126xx/doc12697/2012-03FedWagesWP.pdf

26-page PDF form -- Includes charts and graphs

http://links.heritage.org/hostedemail/email.htm?CID=11025738795&ch=279B5B6B68A8E582F78BE46B1CE5617A&h=46bbc6eadba8266863ef51d35e843f7d&ei=WEGUcp8dN

Here's some news that federal bureaucrats in Washington -- and indeed around the country -- don't want to hear: According to a Congressional Budget Office (CBO) report released this week, federal workers are paid higher than their private-sector counterparts.

The federal pay system unnecessarily inflates federal pay. My research shows that, on average, federal employees earn hourly wages 22 percent higher than otherwise comparable private-sector workers. Numerous studies by researchers whose personal views span the political spectrum come to similar conclusions.

Federal employees also receive premium benefits. They receive both a defined-benefit and defined-contribution pension plan, can retire with full benefits at 56, and receive significantly more paid leave than their private-sector counterparts. Accounting for the value of these benefits raises the federal compensation premium to between 30 percent and 40 percent above similar private-sector workers. All told, the federal compensation premium will cost taxpayers $47 billion this year.

Northwoods Patriots - Standing up for Faith, Family, Country
northwoodspatriotscomm@gmail.com