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Study Finds Federal Workers Own More Than Private Sector Counterparts
A new government study finds that federal workers earn a little more than their counterparts in the private sector and that their total compensation is significantly higher.
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WASHINGTON (January 30, 2012)--The average federal worker earns about 2 percent more than a private sector worker in a comparable profession, although the government's generous pension system means that overall compensation is significantly higher, a new government report finds.
Once pension and health benefits are factored in, the average federal worker reaps 16 percent more in total compensation than do private sector workers.
The new Congressional Budget Office study says federal workers in lower-level jobs make more than private sector workers, but that those with advanced degrees earn more outside government.
Federal workers with a high school education or less earn about $4 more an hour than private sector employees.
The study comes as House GOP leaders have scheduled a vote this week to extend the current pay freeze on federal workers.
