Tag: Private Sector

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Reader says financial experience in the private sector does not equate at all to experience in the public sector

FAC committee Ridgewood

The FAC is dead, keep it that way. No offense, but financial experience in the private sector does not equate at all to experience in the public sector. They are very different animals and the previous FAC was completely clueless on village operations and department function in hopes of saving pennies. Yet overlooked major holes such as the parking authority, human resources (remember that mess) and a manager who was living in candyland. We elect council members to oversee the operation, if they are doing their job there is no need for a FAC.
And lets be honest with each other, the zoo that needs a cleaning is on Cottage Place. If the FAC has no authority to give opinion on that money pit, then whats the point. Pennies saved on property taxes isnt worth the insane opinion of so called experts. Been There…. Done That.

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Reader says it is time to freeze Ridgewood pensions and move onto 401K style plans and keep medical costs in line with what private sector receives

Ridgewood EA teachers protest

I am not a Christie fan but I will give him credit for trying to reel in the unsustainable pension and medical benefits public employees receive. it has to change. I don’t think it is right that money was diverted from the teacher’s pension fund starting with Christie Whitman and that has to be repaid. For heaven’s sake, it is time to freeze pensions and move onto 401K style plans and keep medical costs in line with what private sector receives. Long gone are the days when public employee salaries were lower than the private sector so delayed remuneration in the form of pensions, etc. made up the difference. As for Ridgewood’s current travesty with the NJEA and our BOE – I’m just sick. I wish all these complaining teachers could be replaced. And, yes, I’m one of those who wears the cloak of anonymity because I have kids in school and I know the teachers retaliate. Many are not as dedicated to their students and the field of education as they profess.

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Study: Government Workers Make 78 Percent More Than Private Sector

Obama-Golf

Average pay and benefits $52,688 higher than non-gov’t employees

BY: Elizabeth Harrington
October 8, 2015 2:45 pm

Employees for the federal government earn far more than their counterparts in the private sector, according to a new study by the Cato Institute.

Federal workers’ pay and benefits were 78 percent higher than private employees, who earned an average of $52,688 less than public sector workers last year.

The study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350. Cato based its findings on figures from the U.S. Bureau of Economic Analysis (BEA).

But when adding in benefits pay for federal workers, the difference becomes more dramatic. Federal employees made $119,934 in total compensation last year, while private sector workers earned $67,246, a difference of over $52,000, or 78 percent.

https://freebeacon.com/issues/study-government-workers-make-78-percent-more-than-private-sector/