Saturday, March 24, 2018

Number of State Employees Down, Amount of State Payroll Up [Michigan Capitol Confidential]

Image result for pension tsunamiNumber of State Employees Down, Amount of State Payroll Up [Michigan Capitol Confidential]
"...But while the number of state workers has fallen over time, they are costing taxpayers more because pay and benefits have risen much faster, even after adjusting for inflation.
...During this 17-year time period, the average base pay of state employees rose 13 percent, from $2.7 billion to $3.1 billion. 
The cost of their benefits increased much faster, from $986 million to $2.5 billion, an overall increase of 154 percent.
...From 2000 to 2017, the average retirement cost per employee increased from $7,960 to $32,897 when adjusted for inflation..."
Read on!

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