Dominic Perrottet’s scandal-plagued insurer iCare is giving more than a hundred of its top executives massive pay increases even as it forces frontline workers to accept real wage cuts 

The decision will hand iCare’s CEO an additional $240,000 annually. He will became the sole government employee whose base salary is more than a $1 million. More than a hundred top executives at iCare will walk away with average pay rise of $29,784.19.

NSW Labor Shadow Treasurer Daniel Mookhey said the new pay policy was ‘proof the government has lost touch with reality.’

“The government is telling teachers, police officers and paramedics to cop a real wage cut. Yet iCare’s top executives are all getting massive pay increases, despite their terrible performance,” Mr Mookhey said.

“There is no case whatsoever to reward iCare’s top brass with even more money, especially since they are responsible for losing billions of dollars.” 

The decision to increase the salaries of iCare’ top executives came months after the NSW government spent $1.9 billion bailing out a key fund managed by iCare. The insurer also came under fire for accidentally releasing the information of 193,000 injured workers earlier this year. The agency is still yet to fully compensate tens-of-thousands of injured workers it underpaid for years. 

“iCare provides workers compensation insurance to more than 326,000 businesses. It insures 3.6 million employees. The agency’s investment portfolio is worth $38 billion. The Premier created iCare in 2015. Until last year, it had only ever answered to him. 

“The Premier can’t let iCare get away with this. It sends a terrible message to the hundreds-of-thousands of teachers, police officers and paramedics, hospital cleaners and nurses who work for NSW.  “They need a government who will stand up for them. Instead this government is more interested in rewarding the top executives of a failing agency.”

DANIEL MOOKHEY MLC 
NSW SHADOW TREASURER