14 Jan '12, 10am

Do away with variable bonuses in ministerial salaries

How would you like to work one year and get paid three years' wages? If you were to suggest that to your employer, your boss would either end up in a laughing fit (and thereafter throw you out of the building). And yet, this is what the PAP ministers are paying themselves. In 2011, ministerial salaries ended up with bonus of an incredible 24 months. How did this come about? There are two main features of the ministers' pay: Fixed components and variable components. The latter category comprises of two major bonuses – the GDP Bonus and the Performance Bonus which can be up to 14 months. Earlier this year before the GE, SDP Assistant Secretary-General John Tan took an in-depth look at the pay structure of ministers and found that ministers were paid approximately two years of bonuses (see here) . The Singapore Democrats have in our ministerial review paper Ethical Salaries f...

Full article: http://yoursdp.org/index.php/news/singapore/5062-do-away-...

Tweets

Salaries of Ministers

tankinlian.blogspot.com 17 Jan '12, 3am

I read the news report about the basic salaries of the different levels of political office, from ministers to parliament ...

Salaries of ministers

tankinlian.blogspot.com 23 Jan '12, 2am

I share my views about salaries for ministers. I find the basic salary to be acceptable, but the concept of a high rate of...

Pay, bonuses: What exactly a minister gets

straitstimes.com 14 Jan '12, 3am

By Chua Lee Hoong, Political Editor In the past week numerous questions have been asked about the recommendations of the C...

Ministerial pay cuts: $1.1 million ministerial ...

straitstimes.com 12 Jan '12, 3am

The committee to review ministerial salaries has clarified several aspects of its report 'that have been misunderstood', i...

Nice to know that the subject of ministerial sa...

todayonline.com 12 Jan '12, 12am

SINGAPORE - The whip will be in place when Parliament debates a new formula for ministerial salaries on Monday, said Gover...

Speech in Parliament on Ministerial salaries: M...

geraldgiam.sg 16 Jan '12, 2pm

This is the speech I delivered in Parliament today during the debate on Ministerial salaries. Mr Speaker, Thank you for gi...

Solyndra’s Remaining Employees Hoping for $500K in Bonuses: The corpse of bankrupt Solyndra continues to throw...

Solyndra’s Remaining Employees Hoping for $500K...

greentechmedia.com 13 Jan '12, 5pm

The corpse of bankrupt Solyndra continues to throw off taxpayer and venture cash to executives. Solyndra looks to pay its ...

Ministerial pay review report misunderstood, sa...

channelnewsasia.com 12 Jan '12, 2am

SINGAPORE: The committee to review ministerial salaries has clarified that the recommended S$1.1 million annual salary for...

my take on ministerial salaries #singapore

siewkumhong.blogspot.com 05 Jan '12, 6pm

the report by the Committee to Review Ministerial Salaries should be well-known, so I won't rehash them. A search on "sing...

Lee Kuan Yew defends competitive ministerial salaries

Lee Kuan Yew defends competitive ministerial sa...

channelnewsasia.com 18 Jan '12, 2pm

SINGAPORE: Singapore's former Minister Mentor Lee Kuan Yew has defended the need for a competitive ministerial pay to attr...

Siew Kum Hong: Answering the wrong question on ...

siewkumhong.blogspot.com 06 Jan '12, 2am

the report by the Committee to Review Ministerial Salaries should be well-known, so I won't rehash them. A search on "sing...

Workers' Party calls for ministerial pay to be ...

sg.news.yahoo.com 18 Jan '12, 7am

the world world is watching with laughter while we make a mockery of ourselves. the reason is singaporeans are v.unhappy w...

TTR Collection 90: Pretty Little Things SHOP AWAY!

Payment has to be in before 11.30pm to be mailed out before 5pm the next day! :) Due to the nearing CNY festival, the post...

The Reform Party’s Response to the Committee’s ...

thereformparty.net 05 Jan '12, 1am

It also gives Ministers a powerful incentive to pursue policies that increase the earnings of the top 500 even if this com...

The Pros & Cons of Linking Sustainability Succe...

greenbiz.com 11 Jan '12, 1pm

This is the month many of us await anxiously for our bonus. Many are thinking, "I did great in my performance review last ...