Super grab: NSW Govt leads race to the bottom
The NSW Government is putting a further squeeze on public sector employees鈥 pay by revealing it will make them pay for the Federal Government鈥檚 compulsory rise in superannuation out of their own pockets, the Public Service Association said today.
Treasurer Mike Baird has confirmed he considers the rise in compulsory superannuation 鈥 0.25% from July as part of a staggered rise from 9 to 12% – as an employee-related expense falling under the Government鈥檚 2.5% cap.
This is a blow to public sector workers already saddled with a sub-inflation wage cap, said Public Service Association General Secretary Anne Gardiner.
鈥淭he NSW government has set the bar very low in the way it has made this decision,鈥 she said.
鈥淭here has been no consultation with public sector unions. We would have expected the biggest employer in NSW to show more respect for its workers.
鈥淭he rise in superannuation means the cap has now effectively been reduced to around 2.25% and will reduce further as the compulsory superannuation rate increases.
鈥淭his is supposed to be an employer contribution to superannuation but the NSW Government is shifting the cost of this increase on to their employees.
鈥淯nlike other employees in NSW, public sector workers can鈥檛 even offset this superannuation cost with increased productivity because this is not permitted under the O鈥橣arrell Government鈥檚 wages policy.鈥漇uper grab: NSW Govt leads race to the bottom
色狼社区MEDIA RELEASE Super Grab NSW Government leads race to the bottom 03 May 2013