This study analyzes public sector salaries and benefits in Wisconsin, with a particular focus on disentangling the risk-adjusted value of pension benefits offered in the public sector from accounting conventions that can understate the cost and value of defined benefit pension plans.

Reducing federal employee compensation to market levels could save taxpayers roughly $77 billion per year.

�This study analyzes public sector salaries and benefits in Wisconsin, with a particular focus on disentangling the risk-adjusted value of pension benefits offered in the public sector from accounting conventions that can understate the cost and value of defined benefit pension plans.

Reducing federal employee compensation to market levels could save taxpayers roughly $77 billion per year.

This paper ranks all 50 states according to how costly their public-employee compensation packages are relative to private-sector standards.