05 Jan '12, 4pm

Pay Cut for Prime Minister and Ministers, But Note the Make-Up Pay: PM Lee will get a 36% salary cut and receive...

PM Lee will get a 36% salary cut and receive an annual pay of $2.2m without pension, down from the previous pay package of $3.07m + pension. This is the recommendation given in the Committee to Review Ministerial Salaries Report . The ministerial pay review took more than 7 months to complete. PM Lee’s new base monthly salary will be $110,000, which is what President Tony Tan will receive monthly as well. But President Tan will only get 14 months total per year (12 months base + 13th month bonus + Annual Variable Component), without any Performance Bonus or National Bonus . This gives a total of $1.54m for President Tan. The annual salary for ministers will use this formula: Fixed pay (13 months) + up to 1.5 months AVC + up to 6 months’ PB + up to 6 months’ National Bonus. A junior minister at the MR4 grade will get a minimum of $715k and a maximum of $1.46m in a year. His...

Full article: http://www.salary.sg/2012/pay-cut-for-prime-minister-and-...

Tweets

Mr. Brown show - Minister pay cut

tankinlian.blogspot.com 05 Jan '12, 11am

I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy compa...

Ministers' pay cut proposal: Who earns $1 million in the private sector

Ministers' pay cut proposal: Who earns $1 milli...

straitstimes.com 06 Jan '12, 2am

The $1.1 million entry-grade benchmark salary for new ministers is not an easy sum to make in the private sector, but it i...

36% pay cut for PM, 37% cut for entry-level min...

straitstimes.com 04 Jan '12, 5am

The committee to review ministers' salaries has recommended a pay cut of 31 per cent for a minister at entry grade, and a ...

Ministers' pay cut proposal: MPs' allowance to be cut by 3% to $192,500 a year

Ministers' pay cut proposal: MPs' allowance to ...

straitstimes.com 05 Jan '12, 3am

'I think all Singaporeans expect the political leadership to be of outstanding calibre. This cut is quite substantial and ...

Cut in Ministers' Salaries

tankinlian.blogspot.com 07 Jan '12, 7am

The Ministers have accepted a 36% cut in their salaries. The cut was higher than what most Singaporeans had expected, base...

The President's Salary

tankinlian.blogspot.com 07 Jan '12, 6am

The review committee under Gerard Ee has recommended that the salary of the President of Singapore be cut by 51% and the r...

Committee to review Minister's Salary

tankinlian.blogspot.com 04 Jan '12, 10am

Someone sent to me a brief summary of the committee's recommendation, as set out below. Ministerial salaries review commit...

mrbrown.com: the mrbrown show: a minister share...

mrbrown.com 05 Jan '12, 9am

the mrbrown show: a minister shares his thoughts on the pay cut Grace FFFFFFFUUUUUUUUUUUU!!! No one cares about your pay c...

President Tony Tan has volunteered to take a 51% pay cut, accepts proposed annual salary of $1.54 million

President Tony Tan has volunteered to take a 51...

straitstimes.com 05 Jan '12, 2am

President Tony Tan Keng Yam has volunteered to take a 51 per cent pay cut. -- ST PHOTO: ALPHONSUS CHERN By Elgin Toh Presi...

28% pay cut for PM, 31% cut for entry-level min...

straitstimes.com 04 Jan '12, 4am

The committee to review ministers' salaries has recommended a pay cut of 31 per cent for a minister at entry grade, and a ...

Singapore leaders get pay cut. But, if we paid ...

todayonline.com 04 Jan '12, 9pm

SINGAPORE - The issue of ministerial salaries, a lightning rod for public anger during last May's General Election as well...

Pay for performance does not work

tankinlian.blogspot.com 08 Jan '12, 4am

Manipulation is the right word. If the ceo's pay is based on 'performance' he can manipulate. What is performance? Is it r...

Ministerial pay should be cut by 37%: panel - Y...

sg.news.yahoo.com 04 Jan '12, 5am

With such a cut, indeed is still the highest in the world relative to our country size and reserves. Besides, these minist...

Govt pay cut to affect civil servants?

Govt pay cut to affect civil servants?

channelnewsasia.com 04 Jan '12, 3pm

SINGAPORE: The Public Service Division (PSD), which decides on the pay for civil servants in Singapore, said it will study...

website backlinks

singaporemind.blogspot.com 08 Jan '12, 7am

I spent some time to look through my own postings on the SMRT and what my fellow netizens have said about the SMRT. More t...