I needed to read this to convince myself that I’m not asking for or expecting outrageous compensation at work.
I needed to read this to convince myself that I’m not asking for or expecting outrageous compensation at work.
"As members of the city's "Poop Patrol," workers are entitled to $71,760 a year, plus an additional $112,918 in benefits, such as healthcare and retirement savings, the San Francisco Chronicle reported." (https://www.businessinsider.com/san-francisco-poop-patrol-em...)
Want to reduce that cost further? Nationalize health care and increase social security.
In general, government jobs have even better insurance and retirement benefits than a "regular" job. CALPRS requires retirement contributions in the neighborhood of 30% of salary
Among benefits I think only pensions are averaged across all employees in this way. Even health care insurance varies based on which of the insurance options an individual employee picks. And payroll taxes (social security, at least) cap out somewhere in the low 6 figures.
Budgeting rules may also require that they allocate enough for each employee in case they all have families of 4 or larger when in fact many will have only one or two people in their household.
Even though the amount over the salary was called "mandated benefits," it likely also includes non-benefit costs like payroll taxes.
Even so, budgeting over 100% for non-salary costs per-employee is hard for me to get my head around; a bad pension situation seems like the most plausible expanation (or the original reporting [0] was wrong, they didn't show their work).
[0] https://www.sfchronicle.com/bayarea/matier-ross/article/Bree...
Many tech roles total cost is more than 1.5x-2x their salaries.
What tech roles provide defined benefit pension schemes?
(After many years of running, the bot seems broken. Not sure if I’ll fix it this time.)
Where do i sign up for £170k a year?