Report: Public-sector workers are consistently at a premium
If you're going to get a good job, make sure it's a government job. At least that's the bottom line of a report by the Fraser Institute.
The think tank finds, public sector workers in Ontario, are much better off than the rest of you. Especially in terms of pensions, early retirement, and job security.
The study finds people working for taxpayers earn on average 13.9 percent more than those who don't.
Furthermore, 77 percent of them were covered by a registered pension plan in 2011 as opposed to only 26 percent of private-sector workers. Almost half of those people had contribution plans.
The Fraser report goes on to say that the differences between public and private sector wages have been examined over the past 30 years, and results consistently show a premium for those who work in the public-sector. Adding to that, those who have a government job retire 1.3 years earlier, on average.
Private pay is limited by a company's profits, while negotiating a public package is a political process.
(some files by E. Macko)