Let's put semantics aside, and focus on what is on the table and what is not (anymore). You might not be happy with your package ( guess what, nobody is), but that isn't the point, don't you get it?? It is about simply a raise or no raise NOW, nothing else. You can dream about more, you can fight for it, you can whinge about it, you can do whatever you like, still TODAY we decided about a pay rise or no pay rise. Insignificant raise you say? Below your dignity to accept a few peanuts percentage points thrown at you??
Are you aware of HOW MUCH money YOU just rejected??
You are what, mid-twenty?
So you are looking at another 35-40 years ahead of you ( you can dream now about retiring with 50, we all have been there one day. It won't happen).
10 % over that course, considering that pension and future pay increase are based on what you get today (or now don't get of course) ? Any idea?? What are a few percents anyway you say?
I say you voted down about 3-4 Million HKD$ more money in your pocket today.
Congrats!