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MUFG’s offer is a stinker. We’ve got a chance to reject it

MUFG Retirement Solutions is pushing their proposed Enterprise Agreement to a ballot, meaning you will soon be asked to vote on whether you accept it. 

The offer is a stinker. In fact, if it were to become our new Agreement, we’d be left with some of the worst pay and conditions in our sector.

That’s why we’re encouraging all eligible MUFG RSS employees to vote NO. 

The offer includes:

  • No commitment to cap the 50% in-office requirement. This means management could scrap our ability to work from home on a whim (they can easily change the current policy without consultation).
     
  • Pay increases of 12% over 3.25 years. This is well below industry standard, and doesn’t match the 5% other finance workers have received in recent years to help keep up with cost of living.
     
  • No increases to superannuation above the government’s bare minimum guaranteed payment. Many other finance workers receive more than this minimum.
     
  • Redundancy pay is proposed to be capped at 28 weeks after 10 or more years of service. This falls short of what other finance workers receive.

Know the details

Before you vote, it’s vital you and your colleagues understand exactly what’s in the offer and the risks posed to our working conditions. Please register for one of our online information sessions:

Monday 18 August, 12pm (AEST)

Tuesday 19 August, 7pm (AEST)

Friday 22 August, 12.30pm (AEST)

Wednesday 27 August, 6.30pm (AEST)

Management has had 18 months to put forward an offer that values and respects our work. They haven’t listened to us or learned anything.

Voting NO will send a strong message and force management back to the table with an improved offer.

Stay tuned for important updates on the ballot – and see you online next week! 

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