27 Nov '17, 11am

All civil servants to receive total of at least 2.5 months’ bonus in 2017, highest in four years https://t.co/uvjQDdU7jD…

The Singapore economy grew by 5.2% on a year-on-year basis in 3Q17, higher than the 2.9% growth in the previous quarter. The Singapore economy grew at a faster pace of 3.5% in the first three quarters of 2017, compared to 1.7% over the same period a year ago. Taking into account the global and domestic economic environment, the Ministry of Trade and Industry has forecast that the economy will grow by 3.0% to 3.5% for the whole of 2017. Against this backdrop, civil servants will be paid a year-end Annual Variable Component (AVC) of 1 month. Lower-wage civil servants will get a minimum year-end AVC of $1,800. This signals the Government’s continued commitment to help low-wage workers. Around 1,490 civil servants will benefit from the minimum AVC payment of $1,800. For example, an officer earning a monthly salary of $1,500 will get a year-end AVC of $1,800. This is $300 more ...

Full article: https://mothership.sg/2017/11/all-civil-servants-to-recei...

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