Ministerial Salary Review

[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.

[caroline3sg]

tankee:

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

Since PM Lee has accepted the recommendations, I would assume that current serving ministers will not have their pensions. Pensions will apply to those who have stepped down & served more than 8 yrs.

[laughingcat]

Still sore about Mah Bow Tan keeping his pension when he is soooooo under performed.

[Pen88n]

So Nathan exit at right time, got high salary and got to keep his pension......


Are u sure Nathan will be asked to \"return\" excess for the 3 months or so??? That will amount to $500k :yikes:

[dimsum]

tankee:

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

I think they do cos they are existing ministers. My guess is they set a date e.g. those new ones who came onboard in May'11 are not entitled to.