Will this change my employment agreement?
An FPA is not a contract between an employer and employee. An FPA is more like a law that sets standards for all the agreements in a sector or an occupation, like sick leave or minimum wages.
If an FPA is agreed in an industry you work in, you won’t get a whole new employment agreement. But whatever employment agreement you have – individual or collective – it will have to be the same or better than what’s listed in the FPA. If it doesn’t already, your employment agreement would be updated to meet those terms.