Benefits represent a higher percentage of total compensation for New Jersey public school teachers than for full-time employees in the private sector: Employer costs for full-time employee wages and benefits as a percentage of total compensation, by sector, June 2013
| Benefits breakdown | |||||||
|---|---|---|---|---|---|---|---|
| W-2 wages | Benefits | Total compensation | Insurances | Retirement and savings | Legally required benefits | Retiree health benefits | |
| Private-sector workers | 77.5% | 22.4% | 100.0% | 10.1% | 4.5% | 7.9% | |
| State and local government workers | 69.2% | 30.8% | 100.0% | 14.1% | 10.5% | 6.2% | |
| Public school teachers | 71.4% | 28.6% | 100.0% | 13.5% | 9.4% | 5.7% | |
| Revised public school teacher data | 75.0% | 25.0% | 100.0% | 14.2% | 3.5% | 6.0% | 3.0% |
Note: Due to rounding, numbers may not always add up to the precise totals.
Source: Author’s analysis of Employer Costs for Employee Compensation survey 2013 data (U.S. BLS 2013)