Premier Gladys Berejiklian wants to freeze the pay of all public sector workers for 12 months. However, this will reduce your pay for years to come. That's because you miss out on the compounding income.
Use this tool to see how much income you'll lose over your working life.
| With 2.5% increase each year | No 2.5% in year one, but 2.5% in each year after | Forgone income each year | |
|---|---|---|---|
| Year {{index + 1}} | ${{ plusTwoPointFive(n) }} | ${{ withoutTwoPointFive(n) }} | ${{ difference(n) }} |
| total wages lost: | ${{ total_difference(freeze_amount_array) }} |
* This calculator doesn't take into account any change in positions or promotions.