Ministerial Salary Review

[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:

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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

[Angelight]

So does former president Nathan have to ‘cough out’ his excess pay?

[caroline3sg]

Angelight:

So does former president Nathan have to 'cough out' his excess pay?

No need. New pay scale affects President Tony Tan from his date of appointment.

[Angelight]

Woah, Nathan is one lucky man!

[caroline3sg]

Yes, he gets to keep his pension as well as he served 2 terms (ie total 12 yrs) which is more than 8 yrs.

[tankee]

so do PM Lee and other long time ministers get to keep their pension?

[HVR]

caroline3sg:

Angelight:

So does former president Nathan have to 'cough out' his excess pay?

No need. New pay scale affects President Tony Tan from his date of appointment.

The new salary will take effect from 21.5.11 (if I remember correctly) and our respectable former president had indicated that he will subject himself to the new salary scale. Therefore, I believe he will return the 'excess' sum for the period between 21.5.11 and 1.9.11, even though he is not obliged to.