Quote:
Originally Posted by CliffFletcher
Government departments absolutely do calculate the long-term costs associated with every hire. And given how hard it is to lay someone off from the public sector, and how scary public balance sheets already look going forward, each new position is given more scrutiny than a new hire in the private sector.
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My point was that the expense on the books "until you die" if you work only a few years is a small one because you haven't accrued a large pension benefit (or potentially haven't even vested).
I wasn't saying that government departments don't calculate long term costs.
Anyways, I don't think we really disagree, we're just saying things differently. Yes, DB pensions have long term costs and risks associated with them, but if you only work a couple of years that pension liability is pretty low. Yes most private sector employers provide DC pensions or RRSP matching nowadays so so that their cost is limited to the timespan the person is employed.