PPRuNe Forums - View Single Post - Conditions of Service Negotiations...Current Status?
Old 26th Jun 2007, 00:09
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Jimothy
 
Join Date: May 2006
Location: Australia
Posts: 47
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Don
If you are not yet in Qantas your Super will not be a Defined Benefit. You will join an Accumulation Scheme. This changed sometime ago - pre 2004.
No one can predict over the long term which will offer the most returns. There are just too many variables such as airline expansion (Jetstar), promotions, retirement ages, changes to super rules, changes to industrial laws (Work Choices!), Asian meltdown, Sars, over capacity, pilot shortages etc etc...................
That being said, I believe a CX DEFO slot based in Oz beats a QF SO position hands down. So that covers the first 8-10 years, after that who knows?!
New joiners to Qf also stand a very good chance of endinging up on the A330, this means a lower hourly pay rate than the -400 and no where near as much overtime as the -400. You get NO choice about which fleet you go to.
A mate of mine who is an SO with Qf on the -400 loves to tell everyone how much he earns, however he also fails to tell them the figure he is quoting includes the companies Super contributions and all of his allowances.

Last edited by Jimothy; 26th Jun 2007 at 00:21.
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