PAY & BENEFITS • Jun 2016 • Volume 5 / Number 9
For those workers who participate in a traditional pension plan—15 percent of private sector workers and 75 percent State and local government workers—the math exercise doesn’t end once you figure out your monthly benefit (often based on earnings and years of service). No matter how the plan calculates your benefit, retirees must have the opportunity to receive periodic payments for life and may be offered alternative forms of payment.Read full article » | Download PDF
High-tech industries are an important part of the U.S. economy, employing nearly 17 million workers in 2014. While this accounted for about 12 percent of total employment, the high-tech sector contributed almost 23 percent of output. According to a study funded by the Workforce Information Council, the high-tech sector can be defined as industries having high concentrations of workers in STEM (Science, Technology, Engineering, and Mathematics) occupations. While the term high-tech has been notoriously difficult to define, as technology changes all the time, this analysis provides an approach to defining jobs that are in in this sector.
The political organizations industry—which includes political parties, political action committees (PACs), political campaign organizations, and political organizations and clubs—employs only a small portion of the U.S. workforce.
Overall price change remained modest in 2015, as the U.S. All-Items Consumer Price Index (CPI) posted the second-lowest increase in 50 years.