Ministerial Salary Review

[daisyt]

You can check out the review at this site http://www.waitlonglong.com.sg or http://www.dangugu.com.sg

[Manfrotto]

this is interesting… I’m sure they will thread very carefully this time round. 4 more years to the next GE!!!

[tankee]

SINGAPORE: The Review Committee, appointed by the Prime Minister to look at Ministerial salaries, has recommended cuts of between 36 and 53 per cent........


.......
Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million.

The annual salary of ministers will be cut by 37 per cent, to S$1.1 million.

The President's annual salary is reduced by 51 per cent, to S$1.54 million.

The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000.

The Committee also recommended changes to bonus payments, pensions and benefits under the new pay structure.

The new salary will be backdated to 21 May last year, when the new government took office............


http://www.channelnewsasia.com/stories/singaporelocalnews/view/1174694/1/.html

[tankee]

why CNA left out the details on changes to bonus payments, pensions and benefits ? :?

[krazy]

They removed Pensions for Civil Servants many moons ago yet they didn't remove their own.

[raysusan]

cut from here and paste from there?

[krazy]

They give you more fireworks during Christmas and New Year's eves.

[Strparent]

tankee:

why CNA left out the details on changes to bonus payments, pensions and benefits ? :?

Tankee,

fast update from you as usual :salute:

they did mention also propose scrapping the pension ( see below ).

Wah, Tan Kin Lian got his wish - 50% off if he had become president. And TJS asked for 500k p.a. => House Speaker's pay :evil: :evil:

TT will be most affected, because if stay in GIC, nobody karchiao :imanangel:

http://i43.tinypic.com/vyl9oy.jpg\">



hope this is not true, dont wish to see the cut be pasted elsewhere where not so visible
[quote]cut from here and paste to there?[/quote]

[Pen88n]

New salary backdated to May 2011 - what happen if spent liao???

[tankee]

Pen88n:

New salary backdated to May 2011 - what happen if spent liao???

ususal practise is next few months pay is pro-rated to recover the excess