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Report
Pensions & Benefits
Six-Figure Civil Servants
Average Compensation Cost Of New York City Public Employees
January 08, 2009
In fiscal year 2008, the average compensation cost per New York City full-time employee was $106,743; this figure represents a system out of sync with the private sector and an opportunity to limit the growth of the City’s liability in the future while continuing to provide fair and adequate compensation to the City’s employees. Three factors that have driven the growth in compensation among City employees are: 1) Pay increases are directly attributable to contract settlements with unions; 2) More generous terms of the health insurance benefits offered by the City, as compared to the private sector and other state and local governments; and 3) The benefit retirement plans offered by the City that lock in the City’s future payouts to retirees based on the employee’s pay, years of employment and age at retirement among other factors. CBC offers three recommendations in response to these factors.
Report
Economic Development
New York's Competitiveness: A Scorecard for 13 U.S. Metropolitan Areas
January 31, 2001
The scorecard examines eight different factors that contribute to economic and social well-being and compares the New York metropolitan area to twelve similar places.There are three conclusions: 1) New York has three serious competitive deficiencies; 2) New York is gaining on competitors in public safety and tourism and fiscal policy; and 3) New York is riding a wave of national prosperity but is not distinguishing itself with unique gains.