Bulletin 18 - $10,000 over 4 years - what is it worth - issued 6 December 2021
The purpose of this bulletin is to provide you with information so that you can make an informed decision when it comes time to cast your vote. The proposed changes to remove the mid-point salary increments will provide a significant increase in remuneration in addition to my improved offer providing $10,000 over 4 years.
What is the percentage increase between pay points:
Current Structure: 2.41%
New Proposed Structure: 4.75%
The above is based on an average percentage of all JL levels.
With the removal of the mid-point increments from 1 July 2022, and in accordance with the Performance Development Plan where an employee is eligible for a pay progression, they will receive an increase of 4.75% each year.
With the removal of the mid-point increments, employees will accelerate in reaching the top increment more expediently and will therefore be eligible to receive the top of band bonus much sooner.
$10,000 over 4 years – what is it worth
In addition to annual increments of a 4.75% increase, you will also receive my improved offer providing $10,000 over 4 years.
The table below provides what the lump sum would equate to as a percentage payment using an average of each classification. This also shows the significant advantage for lower paid workers.
|Classification (average salary)||January 2022 $4,000||1 July 2022 $2,000||1 July 2023 $2,000||1 July 2024 $2,000|
Percentages have been rounded to nearest second decimal place.
More money - more superannuation
Employer superannuation guarantee (SG) is applicable to the lump sum payments (excluding defined benefit schemes). SG is currently 10%, and set to increase by 0.5% each year on 1 July, reaching 11.5% on 1 July 2024.
The $4,000 lump sum (gross) payment will provide $400 SG to your superannuation fund.
The 3 additional $2,000 lump sum (gross) payment will provide $660 SG to your superannuation fund based on the increased SG rates over the next 3 years. This is a total of $1,060 SG over the term of the agreement, in addition to the $10,000 lump sum (gross) payments.
Make your vote count
Jacana Energy bulletin 17 contains information about the ballot process. The ballot opens on 7 December 2021, and I encourage you to have your say by casting a vote.
If the majority of employees who vote, vote yes and the Fair Work Commission approve the agreement, it will replace the current agreement. Employees will receive the 3 days Christmas closedown provisions this year, and the first $4,000 lump sum (gross) to be paid in January 2022.
Read the full details of my improved offer.
For further information on the proposed agreement (to have terms of the agreement explained to you, and the effect of those terms); the explanatory notes, or the ballot process, call Nicola Castillon at Jacana Energy on 08 8943 6519, or Helena Glew at OCPE on 08 8999 4173.
All bulletins and information sheets on the progress of bargaining and proposals for the new agreement can be accessed on the OCPE webpage for Jacana Energy enterprise agreement negotiations.
Vicki Telfer PSM
Commissioner for Public Employment
6 December 2021
Last updated: 04 May 2022
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