Originally Posted by
kronan
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.
The Union will tell us what they think they negotiated and that any vague language is in our favor. As soon as the ink dries, the company will show us what we really signed up for and will squeeze every last drop of blood they can out of that rock solid VB plan.