Thursday, August 6, 2009

Public pensions vs. public investment

While being civil servant does not pay much in current wages (usually), it typically pays off handsomely in other benefits: stabily of job and pay, health care benefits and especially retirement benefits. This can be viewed as a long-term contract, where the state gives less now for the the peace of mind and future incomes. Few private firms offer this kind of benefit, one likely reason is that

No comments:

Post a Comment