Originally Posted by
dr dre
In 2014 the Union thought the Company’s offer was far less than what was needed to entice enough pilots to take it. They were wrong. And that was when there was an option to keep flying and earning a wage for those targeted for VR. Now there’s stand downs:
Pilots not happy with Qantas redundancy offer
AIPA was correct on that one. They reckoned it needed to be higher to get 100 applicants for VR. Qantas only received about 52 applications for that one. They still seemed happy with the outcome though. I suspect they’ll be happy with this one too whether the number is 100 or 200.
Those over 63.5 will get an offer soon I suspect. An ‘early retirement’ is taxed slightly differently to VR but still better than marginal tax rates- the ATO guidance on this is appalling! Even if the offer was for the leave they accrue between now and 65 and bundled in with their accrued leave (if they have any) they’re still likely to be better off than remaining on stand down between now and 65th birthday.