Ministerial Salary -'Shen Guan Fa Cai':

Ministerial Salary Review – Look at both sides now(Shen Guan Fa Cai means getting rich on promotion as court official) One of the key factors of the Review Committee’s recommendation is to peg minister’s salary to the top 1000 income earners, using the median with a 40% discount. Depending on the actual income, the salary could be near to the 501 of 1000 top income earners. Could it be above the 501 if the bonuses are added up? It should be rare for it to fall out of the top 1000 income earners. And this is the group of people that the PAP is targeting the future political leaders. They are probably looking at people who are able to earn this kind of income to be of ministerial material. The pool is going to be very small. But nonetheless it is a good area to look at and a good aspiration. Turn it around and look at it from another angle. By pegging the salary to the top 1...

Full article: http://mysingaporenews.blogspot.com/2012/01/ministerial-s...

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