Severance rates increase from 1 October 2011 - Protect: Severance and Income Protection benefits

Severance rates increase from 1 October 2011

The following severance rates will apply for employees covered by the ETU (Vic) Contracting Enterprise Agreement and the Rail Contracting Enterprise Agreement from 1 October 2011: On-site rate increases by $5 to $85 per week Off-site rate increases by $5 to $70 per week Also, the on-site severance rate for employees covered by the old “VBIA” rates will increase in line with CPI from $66.40 to $68.79 from 1 October 2011.