A spokesperson for Hostplus confirmed that the Fund has recently updated its enterprise agreement with the fair work commission`s agreement. In addition to „increased rights to care, parents, compassion and domestic violence“ and paid service leave, Fund staff receive a „competitive pay increase of 3.5% over the previous year.“ Julia Angrisano, secretary of state of the FSU, said that all the wage increases highlighted were the result of collective agreements negotiated by the union. AustralianSuper declined to comment on the FSU statement, but its 2019-2023 enterprise agreement confirms it has approved new pay conditions in December 2019. All „unwrapped“ employees – or those at or below Level 12 of the organization`s compensation scale – receive a 3.5% increase as of July 1, 2019, followed by an annual increase of 3.5% until July 1, 2022. „In the financial services sector, defined and variable benefit wages remain … but the industry`s superfunds have generally avoided these models,“ she said. Level 1 directors will increase their salaries from $63,261 in July 2019 to $70,139 in July 2022, indicating an additional $6878 in their pockets. At the other end of the spectrum, the additional home-take salary for Level 12 „specialized employees“ will increase to nearly $20,000 over the four years. Hostplus, the troubled hotel and tourism fund, has agreed to give its employees an increase of 10.5 per cent or 3.5 per cent per year over three years. This increase is due to the fact that hotel and restaurant and tourism workers, who account for a significant part of Hostplus`s membership, are facing increased unemployment prospects and an early withdrawal of the super groin. Hesta did not respond to a request for advice within the allotted time.

„There`s definitely another philosophy when it comes to paying, and that`s why you might see some variations.“ „We`ve done really well for workers,“ Angrisano told the Financial Review.