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Buckeye Institute Releases New Report on Ohio Government Workers Compensation
July 6, 2010
The Ohio-based Buckeye Institute for Public Policy Solutionshas released an excellent report entitled The Grand Bargain is Dead, focusing on state government employee compensation packages and their effects on the state's financial solvency.
Author Matt Mayer notes that total compensation packages for state government workers far exceed their private sector neighbors by an average of 24.6 percent ($36, 858 v. $29, 586). This imbalance cannot be maintained by taxpayers. Mayer offers a list of cost savings that if enacted could save taxpayers billions, without laying off a single worker or cutting services.
Some of Mayer's noteworthy suggestions for savings are:
Ohio lawmakers must seriously consider making changes to goverment worker compensation packages as they attempt to close the state’s $8 billion deficit. Government workers have had a cushy ride over the past two years, essentially being immune from the pain of job losses, pay cuts and freezes and losses in retirement accounts endured by their private sector counterparts. It is time that these workers compensation packages were adjusted to reflect the current economic reality. Or else it is likely Ohio’s economy will continue to stagnate as more and more money is siphoned from he productive sector to support unsustainable wages and benefits.
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