Quote:
Originally Posted by Lanny_McDonald
Every professional position, regardless of it being public or private sector, have similar commitments. Benefits are benefits and pensions are no different that 401ks or RRSP programs. They both shake out in the wash.
Public sector is in tough to hire because budgets are tight, are planned out a full year at a time, allow for zero slush fund, and then have to recruit with less salary available. It is tough to get appropriate talent in a timely fashion, so you have to rely on the workforce you have and pay the OT until you start cutting into contingency funding. At that point you have to make hard decisions about revenue and services.
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Public service retirement benefits and pensions are paid for life, even if you worked for only a few years. You’re an expense on the books until you die. In the private sector once you quit or are laid off, the employer doesn’t owe you another penny.