3 ms·
You can look up the GS payscale here [0], and a high level description of each level here [1]. I've crunched the numbers many times, and the private sector pay
by gtop3 4y ago
You can look up the GS payscale here [0], and a high level description of each level here [1]. I've crunched the numbers many times, and the private sector pays better. There's some situations and professions where it's close, but they generally require unusual circumstances. Perhaps the most interesting part is looking at how to leverage benefits. CSPR has several situations in which you can collect a full inflation adjusted annuity at fifty years old[2], which changes the math for a comparable twenty or thirty year career in the private sector.
Raising the federal pay rate by 5.2% won't make federal employment competitive with private. Maybe it will change the balance for local and state government employment.
[0] https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/2023/general-schedule https://www.opm.gov/policy-data-oversight/pay-leave/salaries...
[1] https://gogovernment.org/all-about-government-jobs/pay-and-the-general-schedule/ https://gogovernment.org/all-about-government-jobs/pay-and-t...
[2] https://www.opm.gov/retirement-center/csrs-information/eligibility/ https://www.opm.gov/retirement-center/csrs-information/eligi...