ATSET received $5.78m as dividends: ATS
January 8, 2018 12:22 am
Air Terminal Services Employment Trust (ATSET) has received a total of $5.78m as dividends to be distributed to it members, which are all employees of ATS since 2006.
In its latest statement ATS says taking the 291 beneficiaries disclosed in the June 2013 registered version of the ATSET Trust Deed as an average per year since 2006 and if dividends were fully paid out for each beneficiary, the total amount received by each recipient from 2006 to last year would have been over $19,800.
However, ATS says how this money was distributed by ATSET is a decision of ATSET alone.
ATS says they have undertaken a Job Evaluation Exercise and were working with ATSET to introduce a market based rate of pay, with condition that no pay rates will decrease.
However the proposal was rejected by the Association.
Meanwhile, ATS says the highest paid striking full time employee receives a take home pay of over $55, 000 while the lowest is paid just under $10, 000 per annum.
Clarifying the conditions provided to ATS employees, it says no one is paid less than a take home pay rate of $4.77 per hour without overtime.
Full time workers also have 20 days annual leave per annum with a 10 percent leave loading allowance and 15 days sick leave each year.
ATS employees receive a meal allowance when their hours of work commence or finish between 5.30pm and 7am.
Overtime meal allowance, the value of which is more than 25 percent higher than the highest overtime meal allowance under the current Wage Regulation Orders.
Fourty percent of unused sick leave paid out at the end of each year as a sick leave incentive and the balance is accumulated for emergencies.
Employees are entitled to eight weeks of long service leave when they’ve served for more than 10 years.
All full time employees are entitled to an annual gratuity payment of $650.
Employees also receive Overtime rates at time-and-a-half for the first two hours with double-time thereafter.
Employees are also provided free transport to and from work when starting or finishing an ordinary shift or overtime between 7pm and 7am.
Staff not using free transport receive transport allowance.
Staff also receive additional allowance for various activities.