ALAEA Fed Sec
Quote:
Post how one point which gets members their level increase in three years instead of four years helps pay their mortgages now ....
It doesn't. It helps them in 3 years time. Remember if they are level 3-4 they will get a 7.5% wage rise one year early and can put that on their mortgage then. 7.5% for one year in four, 7.3% for one year in four when he goes to the next level one year early and so on. This one point brings on your new level early every year even beyond the end of the agreement until you cap out. I'm sure you home loan is not a one year length, we have also looked at long term for wage boosts.
So tell me how this point improves the pay and conditions of someone who obtains their licence in six months time?
What about the future generation?
Is anything here improving the pay and conditions to attract decent people to this industry. Don't tell me their getting three percent because that is only just keeping with inflation.