Public and strongPrivate Sectorstrong Defined Benefit Pensions A.pdfVIP

Public and Private Sector Defined Benefit Pensions: A Comparison The public and private sectors differ in the retirement benefits provided to covered employees. But these differences are less pronounced when factors such as employee contributions and Social Security coverage are considered. BY ANN C. FOSTER lthough employer costs for Statistics’ Employee Benefits Survey employee compensation 4 Adiffer between the public (EBS) to make a detailed compari- son of public and private pensions. sector ($25.73 per hour worked) and Comparisons are made between full- the private sector ($17.49 per hour time workers in State and local worked), the proportions allocated to governments and those in medium employee benefits are roughly and large private establishments comparable: 30 percent for public (those employing 100 workers or sector employees and 28 percent for more). These establishments are private sector employees. Pensions comparable