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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Mac Con Ulaidh who wrote (79688)	7/25/2010 5:03:59 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 149317

She needs a fed job. === dailyme.com Report: Federal workers earn 22 percent more than private sector: Changes could save $47 billion a year DESERT DISPATCH, BARSTOW, CALIF. \| 1 hour, 38 minutes ago July 25--WASHINGTON --Federal employees are paid 22 percent more per hour, on average than comparable private-sector workers according to a new report. Moreover, the unemployment rate among the federal work force is also far lower than that for private-sector workers, according to the study by the conservative Heritage Foundation. "Federal workers enjoy far greater job security," notes James Sherk, author of the report. "Federal agencies rarely lay off employees for bad performance, and they don't let workers go in economic downturns, either." Between 2007 and 2009, unemployment for federal workers went up slightly, from 2 percent to 2.9 percent. But the private-sector unemployment rate jumped from 4.2 percent to 9.4 percent over the same time period. In addition to greater job security, government workers also enjoy much more generous benefits. These include child care and student loan repayment, atop more typical perks such as paid leave and group life insurance. Federal workers also have access to a twotiered pension system -- one that offers both "defined benefit" and "defined contribution" payments. S t i l l , S h e rk s ay s not all federal workers earn above-market pay. Federal pay varies considerably from market rates, and some federal workers -- especially highly skilled ones -- are actually underpaid. O ve ra l l , t h o u gh , t h e facts show that government workers earn well above what their counterparts in the private sector make. Sherk recommends abolishing the General Schedule, which sets federal pay rates and implement a market-based payment system. T h at s t e p a l o n e would save taxpayers approximately $47 billion a year.