Benefits, retirement and savings make up larger percentage of government employee compensation

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Economics Daily, December 16, 2015

Over the last 10 years, state and local government employer costs for employee benefits have increased as a share of total compensation. This can be mostly attributed to increases in retirement and savings, specifically defined benefit plans. Retirement and savings as a share of total compensation increased from 6.6 percent in March 2005 to 10.4 percent in September 2015.