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How can benefits be $41,791? If this is the average, what are they on the high side?
by hop 16y ago
How can benefits be $41,791? If this is the average, what are they on the high side?
- jswinghammer 16y agoPension plans.
- kscaldef 16y agoTFA says "Most of this was the government's contribution to pensions". But also consider that decent health insurance for a family is getting up near $10K a year, and federal employees get pretty generous vacation time, which is probably worth several thousand as well.
- SamAtt 16y agoThis is very educational: http://www.jobsfed.com/bene2.htm http://www.jobsfed.com/bene2.htm So to take an example look at vacation time. If the average person is making $39 an hour (based on the USA Today numbers) and they accrue 8 hours per pay period + 4 hours sick leave per pay period that alone is 39 days of time off per year. Add the 10 vacation days and you're up to 49 days a year or $15,288. Then look at Health Care. Supposedly a U.S. citizen spends an average of $7,290 per year on health care. Assume even one child and maybe a spouse (which are all covered under the employee's health care plan) and you get into some serious money. All in all it isn't a surprising number at all.