I have law enforcement in my family. They generally earn their pension. I have fire fighters in my family, their total compensation exceeds the value of their labor. We could pay 2/3 what we are paying for fire fighters in our community and still have a line of applicants two blocks long for the positions that open. I have friends an…
I have law enforcement in my family. They generally earn their pension. I have fire fighters in my family, their total compensation exceeds the value of their labor. We could pay 2/3 what we are paying for fire fighters in our community and still have a line of applicants two blocks long for the positions that open. I have friends and neighbors who are government workers. Their regular pay commensurate with their responsibilities and level of performance compared to the private sector is generally always equal to or exceeds that of the general job market; however, when adding the value of their benefits including their pension, their compensation is significantly greater than is the general labor market.
One problem is that government employees get to retire early. Another is that their pension is too high as a percentage of their pay at retirement. They also do things like pack on OT at the end of their career to inflate that final pension amount.
The multi trillion dollar unfunded government pension liability is one of the country's biggest problems.
I have law enforcement in my family. They generally earn their pension. I have fire fighters in my family, their total compensation exceeds the value of their labor. We could pay 2/3 what we are paying for fire fighters in our community and still have a line of applicants two blocks long for the positions that open. I have friends and neighbors who are government workers. Their regular pay commensurate with their responsibilities and level of performance compared to the private sector is generally always equal to or exceeds that of the general job market; however, when adding the value of their benefits including their pension, their compensation is significantly greater than is the general labor market.
One problem is that government employees get to retire early. Another is that their pension is too high as a percentage of their pay at retirement. They also do things like pack on OT at the end of their career to inflate that final pension amount.
The multi trillion dollar unfunded government pension liability is one of the country's biggest problems.