Federal Pay Is Higher

http://www.futureofcapitalism.com/2012/01/federal-pay-is-higher

Paul Ryan's House Budget Committee is out with a press release about a new Congressional Budget Office report on differences between federal government employee compensation and private sector employee compensation:

• Overall, federal civilian employees receive total compensation that is 16 percent higher than their private-sector counterparts;

• Federal civilian employees receive 2 percent more in cash wages than private-sector employees;

• The most significant advantage comes in the form of benefits, where federal civilian employees enjoy a 48 percent advantage over their private-sector counterparts.

The Budget Committee notes that while President Obama is proposing a raise for federal workers (beyond the step increases they already get for seniority), House Republicans are proposing a pay freeze for federal civilian employees and for members of Congress.

The full CBO report and a CBO summary of it can be accessed here.

by Editor  |  Jan 30, 2012 at 4:47 pm Related Topics:  Compensation receive the latest by email: subscribe to the free futureofcapitalism.com mailing list