|A day in the life of a Federal civil servant|
Now fast forward to today's world......Lordy, Lordy, how things have changed and the pendulum has swung! Today's federal civil servant has rocketed ahead of us poor schmoes in the private sector to the point where one has to ask if the inmates are running the asylum in Ottawa. If by this time your beginning to believe that old Frustrated Joe is simply exaggerating the situation, just keep reading.
|Payday in Ottawa|
Latest figures show that the average pay for a Canadian federal civil servant is $114,000 per year! OUCH! Compare that to the average private sector paycheck that currently sits at around $70,000 per year and it appears that the federal paymasters have lost touch with reality somewhere over the last few decades.
But wait, the best is yet to come....it is estimated that the average annual salary for a federal employee will jump to $129,000 in the next three years. So as a taxpayer I have to ask just what kind of value we are seeing for this princely sum. So here's a couple of quick facts that should bring tears to your eyes (unless of course you draw your paycheck from the feds).
- Federal public sector employees are paid 17.3 percent higher than those working similar jobs in the private sector. Add in benefits, and the gap widens to an incredible 41.7 percent.
- The incomes of private-sector employees have advanced just 10% against inflation in the past 20 years, while during the same time period federal employees have raced ahead by 22% in real terms.
- Federal workers call in "sick or stressed" an average of 17 days a year, which is about twice that of a worker in the private sector.
- The feds now employ approximately 375,000 public servants, at a total cost of $43 billion in pay, pension and benefits (nearly double what it was a decade ago). Or in simpler terms, the average Canadian is shelling out $1,267 in taxes every year for this bloated monstrosity.
- The average age at which most federal civil servants qualify for a pension is 58 versus 62 in the private sector. Here's another kick in the $%^#'s for the private sector worker, 82% of public-sector workers (all levels of government) have what are called defined-benefit pension plans. These plans guarantee them a percentage of their salary (typically 70%) averaged over their five years of highest pay, even though, of course, they have not been contributing anywhere near that amount during their entire working lives. It doesn't take a rocket scientist to figure where the balance of that money is coming from, if you haven't figured it out just put your hand in your pocket (that is if there is still room in there along side the governments).
- To add insult to injury these same hard-working Canadians, the majority of them pensionless are nonetheless footing the bill for $227 billion in unfunded pension plans for current and retired federal civil servants.