Want better pay and earlier retirement? A new study from the Fraser Institute indicates the public sector offers both compared to private sector jobs in Ontario.
According to the study, public sector workers retire just over a year earlier, on average than their private sector counterparts.
They earn almost 14 per cent more in average wages and 77 per cent are covered by registered pension plans.
The study’s co-author Jason Clemens told the National Post if the Ontario government is serious about tackling the deficit, compensation will have to be a focal point.
Clemens said long-term contracts are problem for not just Ontario, but North-American governments faced with rising costs and slowing economies.
The Post reported the Fraser Institute will issue its own recommendations in a month, suggesting government pay be tied to similar jobs and wages in the private sector.