Posted AT 6:00 AM EST on 08/11/08
Financial Facelift: When a government salary lags private sector pay
In Vancouver, a scientist we'll call Claude is 44. He has a PhD in biochemistry, a solid job with the government of British Columbia, but for all his education and substantial accomplishments, he is not paid overly well. His gross income, $62,475 a year, is appropriate for lower middle managers in the private sector. Moreover, having worked abroad for a decade, he is behind his peers in building up retirement savings in the Canada Pension Plan and in registered plans.
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