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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Also, the underlying calculation for fed pay not keeping pace with the private sector to the tune of 24% does not take into account retirement benefits or healthcare. [b]The Cato Institute said when those two features of the fed pay package were included in the calculation that fed pay outpaced private sector pay. It’s disingenuous [/b]to think of a pension as deferred compensation and then not factor it into total compensation? And good healthcare that is not prohibitively expensive is a huge deal as current events have highlighted even more. [/quote] 1. The Cato Institute would like our pensions to go away. It is somewhat disingenuous to be citing them as the canonical source about whether or not we are paid enough without mentioning that they are actively attacking this part of our compensation. 2. What do you consider "prohibitively expensive"? How much do you pay for your healthcare? What are your premiums, deductibles, coinsurance and copay and OOP max amounts, and do you live in an area where all the health care people might need is available in-network?[/quote] 1. Math is math. Total comp is total comp. This is not a subjective exercise. If you want to say that fed salaries have lost ground to private sector salaries then you should calculate benefits like a pension or premium healthcare. These are momentarily material. This is basic reasoning. [/quote] Yes. Math is math. The CBO does math, and looks at total comp in public vs private. For well educated jobs (DCUM folks), total comp is 22% lower for Feds, and has been worsening for the last decade. There. You’re welcome. https://www.cbo.gov/publication/60235[/quote]
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