In many cases, employee pension costs go from just about 4.5 percent of payroll to 7.5 percent, he adds. (inc.com)
But more must be done to control public employee pension costs. (bcnys.org)
Hamilton says the problem is government sponsors who typically underestimate the cost of guaranteeing pay - outs in the future, leading to the undervaluation of employee pension costs and the mismanagement of employee compensation. (cdhowe.org)