Dontcha ya hate it when they drop the A-bomb on a good idea?
Oh, the humanity
PS - a 6-pack per week is just a tease
Oh, the humanity
PS - a 6-pack per week is just a tease
New study – govt workers make 6.7% more than private sector workers
- Thread starter Locutus
- Start date
Not a surprise to me. Private sector pension and savings plans don't exist beyond larger corporations. I wouldn't blame the public sector for that nor blame the public sector for having more programs. I don't see any reason to discourage public sector pensions. It's not like the private sector will take it up if government doesn't. The study just confirms what is. Nothing to be learned by it.
I can see why anyone (public or private) would not want to maximize their position in terms of bennies and/or pension arrangements. That said, from the public standpoint, there appears to be a real disconnect between expectations of Defined Benefit plans and the more realistic Defined Contribution arrangement.
Im in a defined benefit private sector plan. The company has often encouraged the switch over which I haven't done. Now they only offer DC to new employees. The government must have a ton of long term employees who got into pensions when DC was virtually non-existant. I don't know what they offer now.
You are extremely fortunate to have a DB plan via a private sector employer, those are extremely rare these days.
On the public side, you can see the writing on the wall in terms of what new hires are being offered.. The unfunded pension liability associated with the DB (public) plans are enormous and as med science is more effective at keeping us alive longer, those plans cost teh taxpayer a ton in the long term
On the public side, you can see the writing on the wall in terms of what new hires are being offered.. The unfunded pension liability associated with the DB (public) plans are enormous and as med science is more effective at keeping us alive longer, those plans cost teh taxpayer a ton in the long term
This is why I keep saying that the public service should hand out a carton of smokes to all their staff at Christmas time.
Heck just pay everybody minimum wage. And then get rid of minimum wage. Imagine how much money that would save!!!!
Stop feeling sorry for yourself.
Defined Contribution is realistic and more so, if the union believes that Defined Benefit is possible, have the Union tale over the management of the fund and guarantee their members the DB instead of the taxpayer.
... Funny how the union has never made the offer to do so, eh?... Might even make you wonder why
Two small points the Fraser Institute is skewed to the right in every way
they do not study anything they don't think either, they crank our right
wing propaganda.
Secondly the union must have done a good job representing its workers
after all that is what the union is for its a bargaining agent. Even hockey
players have a union. If they are earning more, then the private sector
employees just got the message, Join a Union and have someone bargain
for you. Wages and working conditions are negotiable and a union is a
good way to do that. In my time I've been a general manager and a union
president.
they do not study anything they don't think either, they crank our right
wing propaganda.
Secondly the union must have done a good job representing its workers
after all that is what the union is for its a bargaining agent. Even hockey
players have a union. If they are earning more, then the private sector
employees just got the message, Join a Union and have someone bargain
for you. Wages and working conditions are negotiable and a union is a
good way to do that. In my time I've been a general manager and a union
president.
In retrospect, I did not mean to direct that to you personally... I interpreted your comment as a defeatist statement on behalf of the issue.
I communicated the ideal very poorly... My bad
I communicated the ideal very poorly... My bad
In Alberta, the private sector pays more. You are confusing BC and Alberta. You've been confused a lot lately. Perhaps you should see a doctor.
Well it was a pretty flippant comment I made, so I guess I deserved it. Cheers!
If you are a clerk, you're better off with the gummint. As you move up the chain it gets worse for you.. Deputy Ministers make maybe $150K-$200K with bennies, with a staff of thousands. Clearly they'd make more in industry.
What we really need is more mixing between private sector and public sector. That would benefit all, I think.
