Budget papers have revealed NSW’s uncapped wages policy could blow out initial estimates of $46 billion as unions prepare to ask for hefty pay rises.
NSW public service wage increases could outstrip a $3.6 billion fund the Minns government created as a buffer to support higher claims, according to a treasury analysis of the state budget, as a slew of unions prepare for fresh negotiations and rule out multi-year deals.unions, NSW paramedics will push for one-year pay rises of as much as 30 per cent in their first round of negotiations following the government’s removal of a 2.5 per cent wage cap.
“As the government shifts to a more consultative-based bargaining arrangement, it is possible that the final budget outcome for 2023-24 deviates from current projections,” the budget papers state.“The published budget contains the impact of the government’s current offer to employees. Under the government’s interest-based bargaining approach, the final profile of this measure may change to reflect an agreed outcome. It is possible that the projection beyond 2023-24 varies in future releases.
Many are intubating patients and performing highly skilled tasks outside hospitals and in much smaller teams, HSU secretary Gerard Hayes said. Paramedics with three years’ experience take home $70,000 a year, compared with entry -level teachers whose salary rose to $85,000 in a four-year deal struck last month.
The analysis noted that claims could rise higher than estimates, despite the provisions made by the Essential Services Fund.
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