Following the announcement that MLC Life will merge with Resolution Life Australasia (RLA) in the second half of 2025, MLC Life has told the FSU that they intend to pause negotiations for our new enterprise agreement, which were due to begin early next year.
Instead, management intends to negotiate a new agreement that covers employees at both MLC Life and RLA once the merger has occurred.
We asked MLC Life management what they intend to do regarding your pay increase, which would normally be due at the start of next year.
Management has said they will provide an administrative one-off pay increase of 3% for Group 1 and 2 employees. This pay rise will occur in the first pay period on or after 1 January 2025.
Management has also agreed to absorb the cost of the July 2025 increase to your superannuation contributions, which were legislated by the Federal Government. This means no MLC Life employee will have their pay reduced – an expectation we have for all employers.
Thank you to everyone who provided feedback regarding what’s most important to you in our new agreement.
We understand job security and maintaining your working conditions are your top priorities, especially in the context of this merger.
Given that negotiations will now include RLA employees, we will engage once again with you next year to ensure we’re in the strongest position going into negotiations in the second half of 2025. There will also be opportunities to attend online meetings to discuss our plans and priorities.
In the meantime, if you have any feedback or questions, including about management’s 3% pay rise offer, please reply to this email and we will get back to you as soon as possible.
Together, we can win the agreement we all deserve.
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