Federal Employees Make Too Much?

According to Pension & Benefits Daily, Federal employees on average get 2 percent more in wages than comparable private-sector employees, but 16 percent more in total compensation, the Congressional Budget Office said in a  report issued Jan. 30.

The report, which compared wages and benefits for federal and private-sector employees between 2005 and 2010, found that differences between federal and private-sector compensation varied depending on education level.

Federal workers with a bachelor’s degree averaged 15 percent higher total compensation, including wages and benefits, than comparable private-sector workers. Among workers with a high school diploma or less, total compensation costs averaged 36 percent more for federal employees. In contrast, among people with a professional degree or doctorate, total compensation costs were 18 percent lower for federal employees, the report said.

Text of the CBO report is available here.