Unjustified Union Fees increase to PSA members – Observation by the Owl

Union members should be getting a discount not an increase.

Social media junky PSA Union Secretary Brenda Pilott who spends her working days tweeting on behalf of Union Members and Phoenix Football fans and fails to attend regular University of Victoria board meetings has increased union fees to members according to their updates on the PSA Website.

Union members have been hit with massive increases according to their press release as follows from their website:

“Fee Increases

PSA membership fees and salary bands change on 1 March.  While fee increases are never popular, most delegates accept the need for these increases to ensure the union’s continued financial stability so we can provide the support members need in such challenging times.”

Let’s just look at the PSA incredibly dire financial issues:

Years

2012

2011

Diff +/-

Revenues  $ 19,348,842.00  $  19,100,444.00  $  248,398.00
Net Surplus (before Tax)  $      458,381.00  $    1,242,446.00

($784,065.00)

Net Assets  $  26,034,279.00  $  25,406,139.00  $  628,140.00
Cash at Bank  $  17,025,180.00  $  16,230,933.00  $  794,247.00
Total Staff*

                          120

                          131

(11)

Salaries  $  10,743,236.00  $    9,997,253.00  $  745,983.00
Superannuation contribution  $       611,539.00  $       575,932.00  $    35,607.00
Total Staff Salaries  $  11,354,775.00  $  10,573,185.00  $  781,590.00
Average Salary  $         94,623.13  $         80,711.34  $    13,911.79
Notes
Staff in 2011 10 staff were on fixed term contracts (2012 3 staff were on fixed term contract)
2011 Net surplus does not include $1.2M tax charge

Observation by the Owl

I thought I would leave this week’s observation to the PSA to explain why union members fees have increased – direct from their 2012 annual report (highlights are mine)

Outlook

The PSA has finished another year with a good surplus and has a sound balance sheet with useful reserves. The union needs to hold cash reserves. Organisations that do not keep reserve funds maybe forced suddenly to reduce their level of services if income is significantly lower than planned. A good level of cash reserves would allow the union to operate for a significant period of time without income if the operating environment becomes extremely difficult. Political trends will continue to put pressure on income and deepen the need to manage our costs. Public sector job cuts are beginning to have an effect on our membership numbers and recent low interest rates are expected to continue to give modest investment returns in the future. The PSA has however maintained membership levels overall with reductions in one sector being balanced by increased membership in others.

Bruce McKinlay
PSA Treasurer

All information is freely available on their website.

PSA members are being lied to by their executive.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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