16 Jan '12, 2pm

Speech in Parliament on Ministerial salaries: Mr Speaker, I support some of the proposals in the White Paper, in...

This is the speech I delivered in Parliament today during the debate on Ministerial salaries. Mr Speaker, Thank you for giving me the opportunity to take part in this debate. Like my honourable colleague, Mr Chen Show Mao, I believe that the White Paper’s approach of benchmarking Ministerial salaries to the top income earners is fundamentally flawed. The proposed benchmark pegs entry-level Ministers’ salary to three-fifths of the median income of the 1,000 highest earning Singaporeans. This group represents the top 0.06% of Singaporean income earners. It presents no significant shift from the previous 2/3 M48 formula, which pegged Ministers’ salary to two-thirds of the median among a small group of 48 professionals, comprising top bankers, lawyers, MNC chiefs and others. This new formula still benchmarks Ministers’ salary against the richest of the rich, reflecting an appr...

Full article: http://geraldgiam.sg/2012/01/speech-in-parliament-on-mini...

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Salaries of Ministers

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