It's hard to compare because government benefits/pensions etc all vary just like private sector. It also depend on your profession and what level of employment you want to be in as well (Manager, Director, VP etc).TrafficEng wrote: ↑Mar 1st, 2018 7:11 amA DB plan is not better than doublr digit annual bonuses, stock purchase plans , expense accounts . We have unlimited sickleave and much better benefits package than govt with flex dollars that can be paid out as well. I don't think a DB plan is worth lower salary to start let alone the easy extra 20% a year from bonuses and stock purchase plans
Also better vacation... govt if I were to go back would start me off at 3 weeks...I started with 4 weeks at my current gig, signing bonus as well in addition to the annual bonus and stock purchase plans...way better than the only "advantage" of a db pension plan
Besides the pension, some benefits are better at 100% coverage even though there may not be options to spend it elsewhere and also include health benefits at full service even after retirement and sometimes with better spousal support for pension and health/dental etc.
Vacation may start at 3 weeks but usually caps at 6 weeks and you earn them much faster and get paid out for any extra earned beyond 6 weeks. I got my 4 weeks at year 5, and will get 5 weeks in 13 years and 6 weeks at 23 years etc. Depending on which sector, some don't even get 6 weeks ever.
And most decent companies do have 100% sick leave and LTD anyways.
The only thing I compare is based on the private companies I know of vs my knowledge of government. But the reality is, if one spouse works in government, the other in private you can get the best of both worlds and if it works out that one in private really works hard and strives to move up, you can really maximize the benefits of being a top performer in addition to all the perks in both places. We use my health/dental because it's 100% paid and we use my husband's flex dollars to pay for "health/wellness" like supplements, gym memberships and health-related activities etc. Take advantage of stock options etc etc. He can take more risks since my employment is more secure.