Cadillac pay in the land of Lincoln

Article Highlights

  • Is pay for private and public workers in Illinois about even? Andrew Biggs examines the latest data

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  • Private sector worker in Illinois would have to up 401K contribution from 4 to 40% of salary to equal public sector pension

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  • Are Illinois public employees overpaid compared to private sector workers? The key is benefits

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Apparently some quotes I provided for a news story on public sector pay in Illinois have caused some concern there, where pay and benefits for government workers is a live political issue. I haven’t analyzed Illinois specifically–and as my study with Jason Richwine on Ohio pay shows, these things can get complicated–but my guestimate to the reporter was that it’s very likely that Illinois public employees receive a pay premium over similar private sector workers.

Read the full article on American.com

Andrew G. Biggs is a resident scholar at AEI

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About the Author

 

Andrew G.
Biggs
  • Andrew G. Biggs is a resident scholar at the American Enterprise Institute (AEI), where he studies Social Security reform, state and local government pensions, and public sector pay and benefits.

    Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration (SSA), where he oversaw SSA’s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of the President's Commission to Strengthen Social Security. Biggs has been interviewed on radio and television as an expert on retirement issues and on public vs. private sector compensation. He has published widely in academic publications as well as in daily newspapers such as The New York Times, The Wall Street Journal, and The Washington Post. He has also testified before Congress on numerous occasions. In 2013, the Society of Actuaries appointed Biggs co-vice chair of a blue ribbon panel tasked with analyzing the causes of underfunding in public pension plans and how governments can securely fund plans in the future.

    Biggs holds a bachelor’s degree from Queen's University Belfast in Northern Ireland, master’s degrees from Cambridge University and the University of London, and a Ph.D. from the London School of Economics.

  • Phone: 202-862-5841
    Email: andrew.biggs@aei.org
  • Assistant Info

    Name: Kelly Funderburk
    Phone: 202-862-5920
    Email: kelly.funderburk@aei.org

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