Union members at Cbus just met to discuss management’s offer on our pay and Super as part of negotiations on our Enterprise Agreement (EBA).
We voted, and unanimously decided that Cbus management’s offer isn’t good enough – and if it were put to a vote as is, we would all vote no.
The offer is below inflation, which means Cbus’ offer is an effective pay cut – despite 2021 being the best year ever for the fund.
Management is also proposing a two-tiered system for wage increases. Apparently some of us deserve our salary to fall even further behind inflation this year.
And despite Cbus’ proud history as an Industry Super Fund, management have rejected our claim to have our Super increased to the same rate as the Coordinators: the Superannuation Guarantee +7%. This will mean that our Super will also go backwards in terms of where it sits relative to the market.
The good news is that we have a say. This is a negotiation.
Union members at Cbus are standing together to win against an unfair and divisive proposal. If you’re not a union member yet, now is the time to join with your colleagues and win a better deal.
We will shortly send a more detailed update on the status of the negotiations so far to FSU members.
Your FSU team,
Bill Rue, Caroline Troup, Fiona Peck, Ian Wilson, Jennifer Glass
