The CD Howe Institute releases a virtually identical study every year, peddling the same misconceptions about federal pensions and public sector compensation.
Federal public sector employees work hard for and make significant contributions to their pension plan – more than 10 cents on each dollar earned.
The pension benefits paid to public sector workers are deferred salary. Over the years, these worker have forgone salary increases in exchange for pension security. They are part of public sector workers’ overall compensation.
The average annual pension received by retired federal public sector workers is $24,000. And the idea that public sector workers are overpaid is a mistaken one, informed by flawed reports produced by business lobby groups.
The Canadian Union of Public Employees conducted a rigorous analysis of public and private compensation using the most detailed occupational data available from the census. These results, published in detail in the Battle of the Wages report, found that when similar occupations are compared, overall average pay for public sector workers is very similar to the private sector (higher by just 0.5 per cent).
When public servants are properly compensated, it contributes to the growth of local economies and ensures the quality of important public services.
Robyn Benson, National President, PSAC
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