Sunday, June 03, 2012

State Workers 22% Over-Compensated


Trog found a gem:

“After Act 10, Wisconsin state workers receive health benefits nearly twice as valuable and pension benefits more than 4.5 times as valuable as what workers in large private firms receive. Before Act 10, Wisconsin state employees received total compensation (salary and benefits) about 29 percent higher than comparable private sector workers. After Act 10, the compensation premium is about 22 percent. In dollar terms, the average Wisconsin state worker after Act 10 receives total compensation including benefits equal to $81,637 versus $67,068 for a similarly-skilled private worker, a difference of $14,569.”

That means Walker has a LOT more to do, and soon.  After all, there's another election coming up in a few years.

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