SUMMARY OF AUSTRALIA POST'S OFFER
The Australia Post offer includes:
Rolling over the existing agreement without any changes to its wording (except pay).
Pay rises of:
Dec 2013 - 1.5% if performance/targets met.
Dec 2014 - 3.0% if profit made/ targets met.
Dec 2015 - 3.0% if profit made/ targets met.
Dec 2016 - 3.0% if profit made/targets met.
A freeze on the Final Average Salary (FAS) of APSS Defined Benefit Plan members for the life of the new EBA to allow Post to pay for the possible pay increases.
Increases in allowances that will only be paid if Post makes a profit
Reward sharing if Post's after tax profits continue to grow after 2012/13. The profit share would be paid into members' superannuation accounts and would be equal to the freeze on the FAS for Defined Benefit Plan members.
In addition, the offer also includes a pay rise of up to 1.5% in December this year. This is not new.
WHAT HAPPENS NOW?
Your Union will continue to negotiate with Post for a better outcome that:
Includes a sign on bonus.
Includes decent cost of living increases.
Is not conditional.
Does not freeze FAS.
It is important that all members have their say on this offer so please give us your feedback at ebainfo@cwu.org.au or via our phone app.