Ministers and office-holders get National Bonus of 1.6 mth

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Ministers and office-holders get National Bonus of 1.6 mth

Postby raysusan » Tue Mar 27, 2012 2:19 pm

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Ministers and other political appointment holders will be paid a National Bonus this month equivalent to 1.6 months' pay, the Public Service Division (PSD) said in a statement on Monday.

The National Bonus is a new bonus that provides a direct link between salaries of political appointment holders and the socio-economic progress of average and lower-income Singaporeans, and economic growth. It came about after Parliament endorsed the White Paper on 'Salaries for a Capable and Committed Government' in January.

Based on the approved formula, the 2011 National Bonus is 2.625 months.

But since the new salaries took effect on May 21 last year, when the present Cabinet was appointed, the pro-rated amount will be 1.618 months' pay.


http://www.straitstimes.com/BreakingNew ... 82077.html

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