Skip to comments.Public employees base salary only half of total compensation, PSU study shows
Posted on 10/01/2012 1:57:31 PM PDT by hiho hiho
Base salary only makes up half the total cost of compensation for public employees in Oregon. Indeed, the value of overtime, paid time off, medical and post-retirement benefits, plus a host of other additions, often exceeds base wages, according to a study released this week by Portland State University's Center for Public Service.
In Redmond, for example, the cost of non-salary compensation -- what the study calls a burden rate -- for an experienced police officer is 136 percent of base pay.
(Excerpt) Read more at oregonlive.com ...
One of the crushing portions of state and local government pensions is the ability to pad pensions by working extreme amounts of overtime for a few years to set the pension rate.
Social Security is similar from what I understand about it.
UMMMM No. Social Security is not like that.
And that is our gripe with public employees. They complain about how low their wages are and the whole thing is a scam, as well a sham.
They know they are lying and bemoaning with the evil eye so others won’t envy them.
For instance, here in San Jose a Police Officer makes 4 times what the average citizen make in total compensation.
in the private sector our insurance benefits are taxable, while in the public sector it’s not.
Additionally, the type of coverage for public employees is Gold Card Coverage with low deductibles and less disallowables.
I just spoke with a friend who has had two operations this year and her deductible for the year was $5,000.
The public employee has only to meet $50-$100 in the course of a year!
Hell, we have librarians earning over $200,000. Really?!!!
That’s crazy, it’s not fair OH! and I forgot the best parts of being a public employee
You can retire after only 20 years of “service” at 90% of your highest salary! You also get to keep your insurance gratis and they even let you keep you public employee discount card that gets you 5%-20% on things like See’s Candies, Airline tickets and Hotels.
They guy who pays his taxes could never hope to have such a good deal and will have to work till 65-70 before he “can” retire.
Here is a really cool deal that makes retiring even more lucrative: Let’s say you retire from your job, you can reapply and get another job, “With Another Job Title” and because you are “very experienced in that field You can get a job that pays what you were making before.
So let’s say you retire as a Librarian @ $200K a year in benefits. You simply get another job, actually the same job and instead of being called a Librarian they call you a Book Docent or whatever and you get paid what you were making before you retired.
Now you are making nearly $400k per year.
Social Security is collected on salary/hourly rate wages up to a certain point. Overtime payments above that level simply wouldn’t change the equation.