Political appointment holders and civil servants to see drop in total annual salaries this year by 20% instead of the earlier announced 19%. This cut should consider removing bonuses and not reduction on the monthly salary to minimize impact. Civil service sector is Singapore's single largest employer.
The Minister-in-charge of the Civil Service Teo Chee Hean said the MR4 salary for 2009 will now be S$1.54 million, a drop of 20 per cent compared to 2008. Salaries at SR9 will now be S$351,000, a drop of 12 per cent compared to 2008. This is in line with the Trade and Industry Ministry's latest gross domestic product growth estimate of 1.5 per cent for year 2008.
Salaries of political appointment holders and civil servants are linked to economic performance. The above mentioned numbers may be adjusted again depending on how year 2009 performs.
Current economic situation is indeed very gloomy. I hope those affected will be able to cope with the cut. It is still uncertain if government-linked companies (GLC) will follow.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Get accurate and real-time bus arrival information for public bus operators in Singapore, including SBS Transit, SMRT Buses, Go-Ahead Singap...
-
According to the Firefox developer team, Firefox 3 will be launched on 17th June 2008. From the Firefox Developer blog, they are attempting ...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.