The federal government has become one of the best places to work, paying more in salary and benefits than the private sector, offering up to 43 days off, funding a high retirement match, and providing a healthcare system that gives workers some 300 plan choices, according to a new analysis.
Federal workers earn 22 percent to 40 percent more than private sector workers in pay and benefits.
Matches to retirement contributions range from 15 percent to 18 percent, far higher than the typical 3 percent to 5 percent in the private workforce.
While the official studies find that federal employees are underpaid relative to the private sector by 20 percent or more, almost all outside studies find the reverse: Federal employees earn much more.
A 2016 study by Heritage Foundation experts of federal pay and benefits found that federal employees receive wages that are 22 percent higher than similar workers in the private sector receive.
Including the value of employee benefits, the total compensation premium increased to between 30 percent and 40 percent.
The American Enterprise Institute found a 14 percent pay premium and a 61 percent total compensation premium.
https://www.washingtonexaminer.com/washington-secrets/report-federal-workers-reap-40-better-compensation-43-days-off-18-retirement-match
Federal workers earn 22 percent to 40 percent more than private sector workers in pay and benefits.
Matches to retirement contributions range from 15 percent to 18 percent, far higher than the typical 3 percent to 5 percent in the private workforce.
While the official studies find that federal employees are underpaid relative to the private sector by 20 percent or more, almost all outside studies find the reverse: Federal employees earn much more.
A 2016 study by Heritage Foundation experts of federal pay and benefits found that federal employees receive wages that are 22 percent higher than similar workers in the private sector receive.
Including the value of employee benefits, the total compensation premium increased to between 30 percent and 40 percent.
The American Enterprise Institute found a 14 percent pay premium and a 61 percent total compensation premium.
https://www.washingtonexaminer.com/washington-secrets/report-federal-workers-reap-40-better-compensation-43-days-off-18-retirement-match
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