Quote Originally Posted by 32t View Post
On the TV news tonight I was told that the average public/government employee in Wisc is paid 4.something percent less than the private sector. As a national average it is around 7% less. Gotta do more research but food for thought.

Tim
I wish I had access to the contracts.
A classic difference is that pay is less but retirement
is at 20 years and the pension rate is 80+% of wages
combined with a rich health plan.

So a private sector dude makes 4% more but has to work
for 45 years and then retires with his 401K or just social
security and must depend on Medicade....

This is a lifetime problem.

Worse in the northern climates those that retire
migrate to the warmth of Florida taking their
cash flow with them. Thus the retirement wages
from Wisconsin do not get spent in Wisconsin
but with a big sucking sound flow south.

Again this is a lifetime problem and the entire
span of a working lifetime must come to the
equation.

Then there is the issue of double dip. After 20 years
at one job many "retire" and take another position exchanging
their municipal job for a state job or a county job... Again
20 years later fully vested he retires again.
Now with two pensions that each pay 80% of his base
plus medical come together and retirement is 160% of
his 'highest' paid years adjusted up for inflation.

Without breaking these insane contracts and renegotiating
sane terms the entire game will end badly.