Teachers Mutual Bank Ltd - It's a YES!

Monday 23 July 2018

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.

Authorised by Julia Angrisano, National Secretary