Originally Posted by
StarClipper
One of my biggest concern is what happens if a guy goes on LTD. how does the VB Plan address that?
That is the BIG concern.
All PM has said is it would be covered just as it is for our Traditional.
But what does that mean.
Would it be the rolling 12 month clock the way Disability pay is calculated?
Previous Years earnings?
AVE BLG * Seat Rate.
And the ONLY people who make Pensions Retroactive are the Govt.
Sorry to burst the bubble for all those within 10's years of retirement, but a big increase in the High 5 Calc just won't be a lookback calculation. My expectation is it would be phased in over the 5 years following CBA 202X Ratification.
If the VB comes to pass, won't be one pot of money to draw both Pension payments from...but two.