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Teachers Mutual Bank Ltd - It's a YES!

An overwhelming majority (94.6%) of FSU members and TMBL workers who participated in the recent ballot have voted in favour of the proposed new enterprise agreement.

FSU Members and TMBL workers are set to receive a 3% pay rise, backdated to 9 July 2018, in the next pay cycle, 3% in 2019 and 3% in 2020.

Other highlights of the new agreement include the following:

  • Increase to Paid Parental Leave from 10 weeks to 12 weeks
  • Superannuation on unpaid Parental Leave of up to 12 months
  • 10 days of paid Domestic and Family Violence Leave and 5 days for employees assisting a family member
  • Increase in Uniform Allowance for frontline staff
  • Increases to Higher Duties allowance
  • Increase in Volunteer Leave from 1 day to 2 days per annum
  • Overtime for Grade 5 staff including IT but excluding BDMs, BRMs and Mobile Lenders
  • Salary Sacrifice for motor vehicle through novated leasing.

TMBL will now be making an application with the Fair Work Commission for the approval of the agreement.

Not a member? Join today at www.fsunion.org.au/membershipapplication.aspx

Contact Details
Finance Sector Union
Ph: 1300 366 378

Authorised By: Julia Angrisano, National Secretary
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