2 ms·
While I agree Total Compensation should be what is talked about, in general pension plans for government employees is self-funded by them. Some states are as hi
by zie 2y ago
While I agree Total Compensation should be what is talked about, in general pension plans for government employees is self-funded by them. Some states are as high as 10-15% of your salary going into your pension and the employer picking up the same or higher rate. Pennsylvania for instance has an employer contribution rate of 34.94% plus an employee rate of around 7.56%. - https://www.psers.pa.gov/About/PFR/Documents/ECR%20fact%20sheet%20FINAL.pdf https://www.psers.pa.gov/About/PFR/Documents/ECR%20fact%20sh...
Arizona is at 12.29% each for employee and employer for a combined rate of almost 25%. https://www.azasrs.gov/content/contribution-rates https://www.azasrs.gov/content/contribution-rates