The Big Benefit Base
A recent survey finds that state and local employees have certain compensatory advantages.
Conventional wisdom says that, while private-sector employees earn larger salaries than their public-sector counterparts, governments make up some of the difference with superior benefits. For once, conventional wisdom is right.
That, anyway, is what a new survey from the International Foundation of Employee Benefit Plans, a nonprofit member association, suggests. By many measures, the U.S. public employers sampled--almost all of which represented state and local government--provide more generous health benefits than their corporate counterparts. On average, public- sector deductibles are lower and employees pay a lower share of premiums.
Governments also give out more paid holidays than corporations. The difference is biggest for Martin Luther King Jr. Day (87 percent versus 32 percent), Presidents' Day (67 percent versus 33 percent) and Columbus Day (36 percent versus 9 percent).
As to long-term disability coverage, however, public employees don't do nearly so well: Nearly 89 percent of corporations offer coverage; only around 67 percent of public employers do.
That generosity is possible only through spending. The survey found that a large majority of public employers commit more than 30 percent of their payroll dollars to benefits.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST POLITICS HEADLINES
First D.C. Statehood Bill in 20 Years Gets a Senate Hearing8 hours ago
Erasing Maria Shriver10 hours ago
Convicted California Senator Resigns17 hours ago
Arizona Doesn't Have to Follow Federal Laws -- Or Does It?18 hours ago
Texas Schools Struggle to Serve Huge Number of Immigrants1 day ago
Voter ID Law Reinstated in Wisconsin1 day ago