Federal Workers Compensation
You might feel bad for the federal workers that are missing a pay check because of the shutdown but its hard to feel really too bad if they haven’t saved up for a rainy day. With the shutdown being a possibility with any administration why haven’t they put something back before this. Its not like they are making minimum wage. Read the below article and think about it for a few seconds.
The Average Federal Employee Is Compensated $123,160
The average federal employee compensation is $123,160 per year, according to a new study by the Cato Institute.
The study shows two major trends: the first being that there is a staggering differential in federal pay and benefits packages and private sector pay and benefits packages; the second being that the differential between these two groups is now growing even larger. It uses Bureau of Economic Analysis data to reach its conclusions.
Currently, the federal government employs around 2.4 million Americans. Since the 1990s, federal employees have outstripped private sector growth rates in compensation and benefits packages, the study reports.
In 2015 alone, federal employee compensation was $123,160, a figure 76 percent more than that paid to private sector counterparts, who received $69,901 on average. Looking at the 2015 numbers, average earnings for the 112 million private sector employees in the U.S. labor-force was just $58,726, according to Cato findings.
Federal Employees Get 8.5 Weeks Off A Year, Costing Taxpayers $22 Billion
11:21 AM 12/27/2017 | Politics
Robert Donachie | Capitol Hill and Health Care Reporter
Federal employees are given an average of 43 days off per year, costing taxpayers well over $22 billion for that luxury, government watchdog organization OpenTheBooks reported.
Employees of the federal government are given, on average, 13 sick days, 10 federal holidays and 20 vacation days per year, according to the Tuesday OpenTheBooks study. Giving federal employees roughly 8.5 weeks off a year costs taxpayers $22.6 billion annually.
Some 406,960 federal employees made six-figure incomes in 2016, amounting to around 20 percent of all listed federal employees.