A Fraser Institute report released Thursday suggests the Ontario public sector can best be described as a money monster.
It notes 1.3 million Ontario workers, almost one in five, or 18.7%, are employed by the public sector, meaning municipal, provincial and federal governments.
They enjoy, on average, better salaries, benefits and pensions than the 81.3% of workers in the private sector or self-employed.
Based on comparable jobs, public sector workers earn an average of 13.4% more annually, 10.3% when union membership is factored in.
They are far more likely to have pension plans (82.1%) compared to private sector workers (25.2%) and their pensions are likely to be better than those in the private sector.
That’s because 97% of government workers have the best kind, known as defined benefit plans. This compares to fewer than half — 45.1% — in the private sector for the minority of workers who have a pension.
Public sector workers retire earlier — 1.4 years on average — and take more personal time off, 10.9 days annually compared to 6.8.
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The public sector money monster | EDITORIAL | Editorial | Opinion | Toronto Sun
It notes 1.3 million Ontario workers, almost one in five, or 18.7%, are employed by the public sector, meaning municipal, provincial and federal governments.
They enjoy, on average, better salaries, benefits and pensions than the 81.3% of workers in the private sector or self-employed.
Based on comparable jobs, public sector workers earn an average of 13.4% more annually, 10.3% when union membership is factored in.
They are far more likely to have pension plans (82.1%) compared to private sector workers (25.2%) and their pensions are likely to be better than those in the private sector.
That’s because 97% of government workers have the best kind, known as defined benefit plans. This compares to fewer than half — 45.1% — in the private sector for the minority of workers who have a pension.
Public sector workers retire earlier — 1.4 years on average — and take more personal time off, 10.9 days annually compared to 6.8.
more
The public sector money monster | EDITORIAL | Editorial | Opinion | Toronto Sun