ComSuper staff urged to reject pay offer

Commonwealth public servants working within ComSuper, the business responsible for the day to day running and administration of the Commonwealth superannuation schemes, have been urged to reject their latest pay offer.

The Community and Public Sector Union (CPSU) has urged rejection of the pay offer which entails a 2.6 per cent pay rise on the basis that the ComSuper workers can do better and that staff working within Federal Treasury have received a more lucrative pay offer.

In urging ComSuper public servants to reject the pay offer, the union also referenced the establishment of the new entity resulting from the merger of the Commonwealth Superannuation Corporation and ComSuper from 1 July.

According to the union the new entity, to be known as the Commonwealth Superannuation Corporation (CSC), "is not covered by the Government's harsh bargaining policy".

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It said that meant the new body could agree to increases in line with bargaining outcomes in the finance industry and the broader community, currently 2.5 per cent to 3.5 per cent a year.

"This situation may change, but CSC is regulated differently to ComSuper as you know and needs to be able to remunerate staff consistent with the finance industry," the CPSU said.

"Unless the Government places additional restrictions on CSC, it's entirely possible that CSC will have greater flexibility than ComSuper to negotiate a fair and reasonable agreement."