the staff of the Ridgewood blog
MORRISTOWN NJ , Garden State Initiative (GSI) today released “The Stark Gap Between Public and Private Employee Benefits”, an analysis of the latest employee compensation data from the U.S. Bureau of Labor Statistics which illustrates some dramatic differences in compensation costs between the public and private sectors. While it’s less surprising that government costs for retirement and medical benefits far exceed the private sector, the 50% differential in cost in New Jersey versus the rest of the US is startling.
The analysis was conducted by Charles Steindel, Ph.D., a former New Jersey State Chief Economist and current resident scholar at Ramapo College. It is available for download at: https://www.gardenstateinitiative.org/updates/publicemployeebenefits
Continue reading NJ State Employee Benefits Cost 50% more then Private Sector
